BAXTER HEALTHCARE LIMITED

Company number: 00461365

Reporting period:
1 January 2021 to 30 June 2021

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This report was filed on 30 July 2021

and approved by Michal Smialek

Payment statistics

Average time taken to pay invoices: 44 days

Invoices paid:

• within 30 days: 31%
• in 31 to 60 days: 51%
• in 61 days or more: 18%

Invoices due but not paid within agreed terms: 21%

Payment terms

Shortest standard payment periods

15 days

Longest standard payment period

90 days

Standard payment terms

Baxter's standard payment terms are 90 days where a contract does not exist. For suppliers where a contract is put in place the standard terms are 90 days for goods and services, a selection of goods and services are on 15/30/60 days depending upon the nature of the goods / services that they provide.

Were there any changes to the standard payment terms in the reporting period?

Baxter engaged with suppliers to reevaluate opportunity to extend standard payment terms from 60EOM02 to 90 days net.

Were suppliers notified or consulted about these changes before they were made?

Suppliers were communicated to by multiple methods. eg: email, direct contact

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The main point of contact for disputes is the Accounts Payable Services Provider in Kolkata, this team in Kolkata is further supported by a designated Query Resolution Specialist Team based in Dublin. When the supplier raises a dispute, the supplier sends an email or makes a call to a dedicated Country level support email/telephone number. The case will be automatically assigned a ticketing number and recorded against the query. Ticket numbers remain open and in process until the situation is fully resolved. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. The PO number containing payment terms is communicated by Baxter’s procurement tools when an order is placed with a supplier, inconsistency can be addressed at point of engagement.

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