BOSTON CONSULTING GROUP LIMITED (THE)
Company number: 00958970
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
29 July 2021
Approved by:
Rajat Bhai Chibber
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 33%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 41%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
60 days from invoice date
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
60 days
Payment statistics disclosed in this report have
been calculated from the date valid invoices are
received by our invoicing processing team. An
invoice is deemed valid if it meets our invoicing
guidelines to enable its processing.
Any other information about payment terms
No further comment provided
Dispute resolution process
The main point of contact for disputes is the
Boston Consulting Group Ltd's Accounts
Payable team. For a valid submission of an
invoice the supplier is required to provide the
purchaser details and a charge code which must
be provided at the time of purchase. An invoice
cannot be processed without this information. If
an invoice is disputed, the first point of contact
will be the nominated purchaser who is expected
to resolve the issue and provide the required
information. This information may be requested
from the supplier by the purchaser. Where this is
not possible the Accounts Payable team will
contact the supplier directly. The dispute is
resolved when the required information is
provided to the Accounts Payable team.
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