AGILISYS LIMITED

Company number: 04327369

Reporting period:
1 October 2020 to 31 March 2021

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This report was filed on 19 April 2021

and approved by Gabriel Pirona

Payment statistics

Average time taken to pay invoices: 32 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 51%
• in 61 days or more: 10%

Invoices due but not paid within agreed terms: 53%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

45 days

Standard payment terms

Standard payment terms for external and intercompany suppliers is 30 days. The standard payment terms for contractors is 15 days. However, these terms do vary on occasion based on the individual agreements with suppliers.

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

45 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Any payment disputes are first addressed by the member of staff managing the contract and/or the AP manager. If the parties are unable to reach a resolution, it may be referred to the relevant department head and, where necessary, the firm’s Financial Controller or the in house General Counsel.

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