Company number: 07195160
and approved by James Yu
Average time taken to pay invoices: 30 days
Invoices paid:
Invoices due but not paid within agreed terms: 4%
30 days
Answer not provided
Within Cognizant’s CAPPS system, payment terms are established for each supplier. Invoices processed by Accounts Payable will reflect those terms and the payment due date will automatically be calculated by the system if the invoice matches to the order placed. Accounts Payable does not designate a payment date as this is entirely system-driven. For example, a supplier invoice dated July 1, 2014 is received by Accounts Payable on July 9 and is entered into the CAPPS system on July 10. If the payment terms are "Net 30," the system will automatically calculate a payment due date of August 8, 2014 for all accepted and undisputed transactions. Otherwise the invoice will be rejected and parked for clarification and the due date for payment will start from the date of invoice rectified, or from the date of receipt of a revised and acceptable invoice by Accounts Payable.
Answer not provided
N/A
90 days
90 day payment terms are utilized for vendors not linked to UK Public Sector contracts.
N/A
Person responsible for ordering the goods or services will review the invoice and address any disputed directly with the supplier. Depending on outcome, supplier will either issue a (full or partial) Credit Note or invoice will get paid as is.
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