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INVESCO FUND MANAGERS LIMITED

Company number: 00898166

Reporting period:
1 January 2022 to 30 June 2022

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This information is as reported by the business, and responses are in their own words.

This report was filed on 22 July 2022

and approved by Alan Trotter

Payment statistics

Average time taken to pay invoices: 16 days

Invoices paid:

• within 30 days: 90%
• in 31 to 60 days: 10%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 42 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Invesco’s standard payment terms are 30 days. All invoices will be processed for payment 30 days from the date of the invoice by the Accounts Payable team to the extent that the supplier has completely and properly delivered/performed the agreement and to the extent that the supplier has delivered a valid invoice.

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

In the event of a dispute with a supplier, the Accounts Payable customer service team can liaise with the business contact/relationship holder to work with the supplier to resolve the dispute. The Accounts Payable team have a 48-hour SLA to resolve all queries raised providing the information is available.

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