Company number: 00461365
and approved by Michal Smialek
Average time taken to pay invoices: 42 days
Invoices paid:
Invoices due but not paid within agreed terms: 23%
14 days
92 days
For suppliers where a contract is put in place the standard terms are 90 days for goods and services, a selection of goods and services are on 30 EOM 02, EOM 45 and 90 EOM 02 depending upon the nature of the goods / services that they provide. Where No contract is in place and the Purchase is made just via a Purchase order then the standard terms applied are 45 days.
Baxter over the course of the second half of 2020 a move was made to standardize supplier contracts to 90 days net as standard.
Communicated with suppliers directly and by email or post.
90 days
Baxter adopt a Payment Clock process and this has been designed based on using the Invoice Receipt Date as the baseline date for calculating the due date. If a supplier invoice is received by Baxter within a 7 calendar day grace period the invoice date is used as the basis to calculate the due date. For invoices received outside of the 7 day grace period the receipt date of the invoice is used as the basis for calculating due date.
N/A
The main point of contact for disputes is the Accounts Payable Services Provider in Kolkata, this team in Kolkata is further supported by a designated Query Resolution Specialist Team based in Dublin. When the supplier raises a dispute, the supplier sends an email or makes a call to a dedicated Country level support email/telephone number. The case will be automatically assigned a ticketing number and recorded against the query. Ticket numbers remain open and in process until the situation is fully resolved. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. The PO number containing payment terms is communicated by Baxter’s procurement tools when an order is placed with a supplier, inconsistency can be address at point of engagement.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No