JANSSEN-CILAG LIMITED

Company number: 01027904

Reporting period:
1 January 2021 to 30 June 2021

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This report was filed on 26 January 2022

and approved by Liesbeth Aerts

Payment statistics

Average time taken to pay invoices: 40 days

Invoices paid:

• within 30 days: 35%
• in 31 to 60 days: 47%
• in 61 days or more: 18%

Invoices due but not paid within agreed terms: 13%

Payment terms

Shortest standard payment periods

45 days

Longest standard payment period

60 days

Standard payment terms

45 or 60 days twice monthly

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Invoices in dispute or held for payment are managed via ERP system workflow with automated communication to the supplier providing details and advice about the reason for dispute. Global Services Accounts Payable team support dispute resolution and maintain on-time payment SLA's. Suppliers can contact J&J Customer Service for assistance and support with invoice or payment queries or view invoice payment status via the J&J online Supplier Portal.

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, this business has not signed up to a code of conduct or standards on payment practices.

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.

Yes

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