ORACLE CORPORATION UK LIMITED
Company number: 01782505
Reporting period:
1 December 2020
to 31 May 2021
This report was filed on 23 June 2021
and approved by Ryan O'Sullivan
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 35%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Standard payment period for qualifying contracts
0 days
Standard payment terms
Net 45 and Immediate were the most commonly used payment terms during the reporting period. In terms of percentage, 46% and 32% of transactions respectively belonged to these two payment terms (from the date of invoice receipt to payment date). 16% of transactions belonged to 'Net 30' payment terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
We have a dedicated team that handles supplier queries - P2P Helpdesk. For any concerns raised by the suppliers, the P2P Helpdesk team internally works with the relevant teams to provide a solution.
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.Yes – Prompt Payment Code
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.
Yes
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