PEARSON MANAGEMENT SERVICES LIMITED
Company number: 00096263
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
26 July 2018
Approved by:
Sally Johnson
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 13%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 46%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days from invoice receipt date
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
30 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
If the supplier wishes to raise a dispute they should use the below process: Contact the Pearson Accounts Payable helpdesk by email at apukhelpdesk@pearson.com or by phone 08444 634444 This Pearson Accounts Payable team is responsible for the administration and payment of invoices through our electronic invoicing system, Oracle. They are also the first point of contact for supplier queries. Suppliers may contact the UK Helpdesk with all queries, including disputes. The UK Helpdesk have full visibility of the invoice status at all times and are well placed to support the supplier in answering their query. This includes escalating the matter to the relevant person in the business as and when required in order for the dispute to be resolved. Should queries not be resolved within an agreed time frame by the UK Helpdesk, suppliers can escalate their query to the senior Pearson Accounts Payable Analyst team (apanalysts@pearson.com)
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.
Yes, this business has signed up to: Prompt Payment Code
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.
Yes
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.
Yes
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