Company number: 02509928
and approved by Alex Castle
Average time taken to pay invoices: 21 days
Invoices paid:
Invoices due but not paid within agreed terms: 41%
45 days
Answer not provided
State Street Global Advisors Limited (SSGA) will pay for third-party goods and services within 45 days of receipt of a valid and undisputed VAT invoice, unless otherwise agreed in writing. Invoices should be addressed to the correct legal entity, provide contact details of the State Street contact placing the order, a full description of the goods or services provided and the supplier’s bank account details to avoid any delay in payment. Invoices should be sent directly in the first instance via email to LondonAccountsPayable@statestreet.com. E-invoicing is not offered to all suppliers as a standard process, however certain categories of supplies are offered e-invoicing, for example, legal services. SSGA may offset amounts owing to it by the supplier and may withhold payment of the invoice if there is a genuine dispute relating to it.
Answer not provided
N/A
45 days
No further comment provided
N/A
SSGA endeavours to resolve any supplier disputes fairly and promptly. Disputes are handled in the first instance by discussion between the contracting business and the supplier. Suppliers can also contact SSGA's dedicated Accounts Payable team (LondonAccountsPayable@statestreet.com) who will typically manage the dispute to resolution, escalating as necessary to senior SSGA contacts.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No