PITNEY BOWES LIMITED
Company number: 00182037
Reporting period:
1 January 2018 to 1 June 2018
Report filed on:
27 July 2018
Approved by:
Gerard Willsher
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 54%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 28%
Payment terms
Shortest standard payment periods
10 days
Longest standard payment period
60 days
Standard payment terms
Our Standard payment terms are 45 days from invoice.
Some suppliers have lower payment terms and other have longer.
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
120 days
This only applies to one long term contract with a Japanese supplier.
The Yen to GBP exchange rate being rather unstable a longer payment terms period brings some stability.
Any other information about payment terms
No further comment provided
Dispute resolution process
The supplier can contact our Account Payables department by e-mail who will respond within 48 hours.
If escalation is needed the account payables department will put the supplier in touch with the procurement contract owner.
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