GOV.UK
MICRO FOCUS LIMITED
Company number: 01504593
Reporting period:
1 November 2020
to 30 April 2021
This report was filed on 1 June 2021
and approved by Jane Smithard
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 29%
- in 61 days or more: 19%
Invoices due but not paid within agreed terms: 52 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Our standard terms are 60 days but we will pay taxes and utilities earlier or other suppliers in exceptional circumstances.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
Each supplier is required to submit their invoices to the Micro Focus Accounts Payable team in accordance with the instructions on the applicable purchase order. Micro Focus reserves the right to withhold payment on any invoice until such time as Supplier submits the invoice in accordance with the agreed requirements.
The standard payment term is sixty (60) days from the receipt of a valid invoice. Some suppliers and supply categories, like essential services, will have payment terms negotiated in advance that will be different from the Micro Focus standard payment term. It is Micro Focus’ practice to issue payment for invoices that become due in the next payment run. If an invoice comes due after a payment run, payment will be issued in the next available payment run.
Dispute resolution process
Suppliers can reach out to AP helpdesk mail ID mfapcrc@microfocus.com or Escalation through Micro Focus representative.
If any invoice is disputed, Micro Focus agrees to negotiate in good faith to resolve the dispute. Suppliers can contact the Micro Focus Accounts Payable Department (the current contact details of which are mfapcrc@microfocus.com), or their Micro Focus representative, in connection with disputed invoices, as well as for invoice status and any other payment related questions.
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
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