FUJITSU SERVICES LIMITED
Company number: 00096056
Reporting period:
1 April 2021 to 30 September 2021
Report filed on:
1 November 2021
Approved by:
Stuart Fenn
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 59%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 12%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
30 days for all SME's and most Suppliers. The only Supplier's on longer terms tend to be for Contractors where the volume of invoices is much higher and would affect cashflow,
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices should arrive at Fujitsu quoting a fully valid Purchase Order (PO) number. If there are any discrepancies, the supplier is notified either by Accounts Payable department and/or the PO owner. Where a PO does not exist, the invoice is rejected back to the supplier. Disputes at this point in the process will involve the requestor and supplier, with support of the Procurement function as required. The Bought ledger team will monitor progress of this and facilitate the processing of any subsequent transactions.
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.
Yes, this business has signed up to: Prompt Payment Code
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