F5 NETWORKS LIMITED
Company number: 03813981
Reporting period:
1 April 2020 to 30 September 2020
Report filed on:
10 December 2020
Approved by:
Kunwarjit Suri
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 13%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
15 days
Longest standard payment period
30 days
Standard payment terms
The most commonly used payment term for suppliers is Net 30 days - it means that the invoice should be paid not later than 30 days from the date of invoice. All invoices for Products and/or Services received by F5 Limited will be aged based on the suppliers invoice date. Payment terms differ for the suppliers from 15 days from invoice date up to 30 days F5 pays suppliers on bi weekly payment runs and Direct Debits
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If a dispute occurs vendors can contact the Accounts Payable team via email or telephone. The Accounts Payable team collaborates with the procurement department (where necessary) to reach a resolution that is agreed by all parties.
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 Fair 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