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Q SQUARED SOLUTIONS LIMITED

Company number: 09636687

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 1 August 2018

and approved by KEVIN TURLAND,ALASDAIR MACDONALD

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

• within 30 days: 62%
• in 31 to 60 days: 32%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 35 %

Payment terms

Shortest standard payment period

45 days

Longest standard payment period

90 days

Standard payment terms

45 days payment from receipt of invoice

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

The main point of contact for disputes is the Global Shared Services Centre(locations in Slovakia and India) . When an invoice is rejected an email is sent indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. IQVIA follows a strict no PO no pay policy. The PO number is communicated by IQVIA's procurement team at the time of placing the order

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