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ORACLE CORPORATION UK LIMITED

Company number: 01782505

Reporting period:
1 December 2021 to 31 May 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 21 November 2022

and approved by D. Hudson

Payment statistics

Average time taken to pay invoices: 21 days

Invoices paid:

• within 30 days: 86%
• in 31 to 60 days: 11%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 24 %

Payment terms

Standard payment period for qualifying contracts

0 days

Standard payment terms

'Net 30 Days' and 'Immediate' were the most commonly used payment terms during the reporting period. In terms of percentage, 55% and 29% of transactions respectively belonged to these two payment terms (from the date the invoice was received to the payment date). 11% of transactions belonged to 'Net 45 days' payment terms.

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

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

N/A

Dispute resolution process

We have a dedicated team that handles supplier queries - P2P Helpdesk. For any concerns raised by the suppliers, the P2P Helpdesk team internally works with the relevant teams to provide a solution.

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.

Yes – Prompt Payment Code

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.

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