Company number: 06923682
and approved by Robert Bell-Davies
Average time taken to pay invoices: 26 days
Invoices paid:
Invoices due but not paid within agreed terms: 40%
30 days
60 days
Standard payment terms are numbers of days when inv is due for payment since tax point. For instance is inv date is 01/01/2023 and payment terms are 30 days, inv will be due for payment on 31/01/2023. After this date inv will become overdue
Answer not provided
N/A
60 days
No further comment provided
N/A
Invoices from CGG suppliers are send to AP team via email (Accounts.PayableUK@cgg.com) or by post. AP Accountant will send them via approval system (Yooz) to requestor of goods or services. If there is any issue with inv, AP Accountant will keep inv on hold and should check with supplier for possible credit memo for full inv or partial. If credit memo is for whole inv, revised inv should be sent for re-processing. If vendor raise partial credit AP accountant will process original inv and credit note and during payment, will process both (payment will be: inv minus credit memo). Once payment completed supplier will get funds and remittance advice (sent via email)
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.
Yes
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