WATERAID
Company number: 01787329
Reporting period:
1 April 2021
to 30 September 2021
This report was filed on 12 November 2021
and approved by Paula Laird
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 15%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 24 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days. Unless stated on the invoice we endeavour to pay our suppliers within 30 days. Occasionally a supplier will request an immediate payment, but we currently do not retain the data if immediate payment is required.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
When the delivery of goods or services is disputed, the budget holder will liaise with the supplier and ensure both parties are clear why payment is being withheld. If the supplier is of the opinion that the goods or services have been delivered in a satisfactory manner, accounts payable would ensure the budget holder is happy to approve the invoice on our invoice management software or obtain sufficient reason for withholding payment.
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
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