Company number: 02766416
and approved by Jane Allsop
Average time taken to pay invoices: 60 days
Invoices paid:
Invoices due but not paid within agreed terms: 23%
30 days
60 days
Excluding intercompany transactions, the company has an average number of days to pay of 26 days, with 96% of external suppliers paid within 60 days. In this period historical group charges have been repaid resulting in an overall increase in the average days to pay. Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoices paid in the period are net 30 days. We record many business-critical payments as zero-day terms in our systems to ensure prompt payment. The numbers of invoices recorded as zero-day terms has increased this reporting period, therefore explaining the increase in invoices due but not paid within terms when all other metrics have improved. A number of our royalty/partner invoices are paid only when monies are received from the end user further increasing the % of invoices showing as paid outside terms.
Answer not provided
N/A
60 days
60 days – generally for intercompany supplies
N/A
In the first instance complaints should be directed to the Infor employee who placed the purchase order. These can be escalated to our Accounts payable department at the shared service centre in the UK as per your purchase order from Infor.
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