Company number: 04596349
and approved by Stephen Ford
Average time taken to pay invoices: 92 days
Invoices paid:
Invoices due but not paid within agreed terms: 72%
1 days
225 days
Standard contractual payment terms vary between 30, 60 & 90 days.
Answer not provided
N/A
225 days
No further comment provided
N/A
The Business operates a standard 3-way match for most goods/services First attempt to settle a payment takes place in the Accounts Payable department via the 3 way match If a 3 way match is not possible the end user/receiver of the goods/services are contacted by the AP department to resolve the query - at this stage the Purchasing department may also be involved If end user or Purchasing department cannot resolve the query and manually release the payment the supplier is contacted directly and worked with to resolve the issue All disputes are aimed to be resovled within the contractual terms where possible Where goods or services are provided and the process does not require a purchase order, invoices are manually released by the end user or a manager with sufficient authority. In the case of a dispute the end user would resolve with the supplier as per the standared process Once the dispute is resolved and invoices are accepted and/or credit and new invoices received, the payment is settled Suppliers should contact the Accounts Payable department with all queries - Accounts@accord-healthcare.com
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.
No
No
No