IQVIA IES UK LIMITED

Company number: 03127220

Reporting period:
1 July 2020 to 31 December 2020

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This report was filed on 29 January 2021

and approved by Kevin Turland

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 69%
• in 31 to 60 days: 21%
• in 61 days or more: 10%

Invoices due but not paid within agreed terms: 22%

Payment terms

Shortest standard payment periods

90 days

Longest standard payment period

Answer not provided

Standard payment terms

90 days payment from date 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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The main point of contact for disputes is the Global Shared Services Centre (locations in Slovakia and India). When an invoice is rejected an email is sent indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. IQVIA follows a strict no PO no pay policy. The PO number is communicated by IQVIA's procurement team at the time of placing the order.

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