Company number: 02812206
and approved by Lynn Rattigan
Average time taken to pay invoices: 12 days
Invoices paid:
Invoices due but not paid within agreed terms: 0%
45 days
Answer not provided
Ernst & Young LLP is the main trading entity for EY in the UK, not Ernst & Young Services LTD. Unless otherwise agreed in writing, EY will pay for third party goods or services, within 45 days of receipt of a correct, undisputed and properly due VAT invoice by EYUK’s accounts payable team (gds.ukap@xe02.ey.com).
Answer not provided
N/A
45 days
No further comment provided
To ensure timely processing, invoices should state: the contact details of the EY point of contact; the relevant purchase order number; the period to which the invoice relates; the Supplier’s bank account for payment; all charges and applicable taxes, and a description of the services/products.
With respect to contracts with suppliers, the general position is that the appointed service managers (and, if applicable, senior service managers) for each party first attempt to resolve the dispute (the EY point of contact varies from contract to contract). Additionally suppliers can contact EY’s dedicated accounts payable team (gds.ukap@xe02.ey.com). Such contacts would generally seek to deal with any disputes promptly (involving other senior EY contacts, as needed), in accordance with the terms of the contract.
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