PITNEY BOWES SOFTWARE EUROPE LIMITED
Company number: 01977325
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 27 July 2018
and approved by Gerard Willsher
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 21%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 62%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
45 days
Standard payment terms
Our standard payment terms are 45 days. Some suppliers have payment terms set as 0, 7, or 30 days
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
In case of payment issues, the supplier must write to our account payables department. The Account payables department will respond within 48 hours and/or escalate to the relevant Sourcing Manager or Stakeholder for resolution if needs be.
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