PRECISE MEDIA MONITORING LTD

Company number: 03247942

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 6 August 2020

and approved by Giles Richardson

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 58%
• in 31 to 60 days: 34%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 62%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

60 days

Standard payment terms

Our standard terms are 60 days end of month from receipt of invoice.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

Whilst our standard terms are 60 days end of month of receipt of invoice, for freelancers and small contractors, we have an exception process to set these up to pay between 14 and 30 days.

Any other information about payment terms

N/A

Dispute resolution process

At Precise Media, vendors can email invoicestopay@kantar.com with a query. If it relates to a previous invoice submitted, they should note the TASK number received when they first submitted invoice, as this will help deal with queries. All tickets are stored and tracked in our helpdesk software called Service Now. We endeavour to respond to enquiries within 2 working days.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

No

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No