EY GDS (CS) LIMITED
Company number: 10787983
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
24 January 2023
Approved by:
VELLIYUR NOTT, Srinivasa Rao
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 20%
- in 61 days or more: 8%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
120 days
Standard payment terms
Standard payment terms with external vendors is that the payment is due within the agreed credit period upon the receipt of a proper / correct invoice with adequate supportings by EY GDS (CS) Ltd. There are minimal transactions with external vendors. With respect to EY GDS group entities, standard payment terms states that invoices are payable by EY GDS (CS) Ltd. within a maximum period of 120 days from the receipt of the invoice. With respect to EY network companies / firms, standard payment terms states that the invoices are payable by EY GDS (CS) Ltd. either on receipt of invoice or within 30 days of receipt of invoice, as applicable.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
As required, our statistics include numbers for payments to EY GDS group entities, EY network companies / firms and external vendors. For the purpose of this reporting our statistics would be a fair and accurate reflection of our numbers if we exclude the payments made to EY GDS group entities and EY network companies / firms. If only payments to external vendors are considered then our average time to pay is 19 days and 100% of invoices paid in the reporting period are settled within 60 days of receipt. If we were to report solely on our payments to our external vendors, our statistics would be as follows: Average Time to pay in days - 19 Percentage of invoices paid in 0 - 30 days - 83% Percentage of invoices paid in 31 - 60 days - 17% Percentage of invoices paid on or after 61 days - 0% % Payments due in the reporting period not paid within the agreed period - 0%
Dispute resolution process
With respect to EY GDS group entities contracts, the parties agree that any doubt or dispute shall be referred to the Global Managing Partner Business Enablement and the applicable Area Managing Partner. If there is no resolution then the dispute is addressed through the dispute resolution provisions of the EYG regulations.
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 Fair 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.
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