Company number: NI003755
and approved by Aisling Talbot
Average time taken to pay invoices: 79 days
Invoices paid:
Invoices due but not paid within agreed terms: 10%
60 days
Answer not provided
All SMEs are being paid within 60 days and over 94% of SME invoices are paid within agreed terms. Larger suppliers, including multi-national companies, are on contracts with longer payment terms mutually agreed on a case-by-case basis. The combination of both larger suppliers and SMEs is reflected in our reported data. We are continually working to improve our payment practices, with an acute focus on the small-to-medium suppliers (SMEs) within our supply chain. We continue to analyse the root cause of any late payments, including process errors caused by us or our suppliers to enable payment to terms.
Answer not provided
N/A
120 days
No further comment provided
A preferential Supplier Financing facility is available to our suppliers. This arrangement enables payment to suppliers earlier than standard or contracted payment terms.
Supplier payment issues that arise in the first instance are addressed by the shared financial services team. Depending on the issue, Procurement may be involved to resolve any disputes or issues via the Diageo internal dispute resolution process. Suppliers may raise any questions/request via the Supplier Service Hub and that is directed to the relevant team for prompt resolution.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No