SITA INFORMATION NETWORKING COMPUTING UK LIMITED
Company number: 03995063
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 2 September 2021
and approved by Nicolas Husson
Payment statistics
Average time taken to pay invoices: 63 days
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 21%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 81 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
60 days
Standard payment terms
SITA's standard payments terms are 45 days from invoice receipt, assuming that the goods or services have been delivered in accordance with the purchase order.
All suppliers are notified of SITA's standard terms when negotiating pricing with SITA's purchasing teams.
Full details of SITA’s standard terms & conditions can be found at https://www.sita.aero/others/terms-and-conditions
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
6 days
Any other information about payment terms
N/A
Dispute resolution process
SITA's standard payments terms are 45 days from invoice receipt, assuming that the goods or services have been delivered in accordance with the purchase order.
All suppliers are notified of SITA's standard terms when negotiating pricing with SITA's purchasing teams.
Full details of SITA’s standard terms & conditions can be found at https://www.sita.aero/others/terms-and-conditions
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.Yes – PPC
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.
Yes
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