Company number: 06923682
and approved by Robert Bell-Davies
Average time taken to pay invoices: 28 days
Invoices paid:
Invoices due but not paid within agreed terms: 52%
30 days
60 days
Standard payment terms is agreement between customer and supplier to settle the inv with agreed terms. CGG standard payment terms is 30 days, which means inv is due 30 days after tax point.
Answer not provided
N/A
60 days
N/A
N/A
Dispute will apear, when goods or services not delivered as requested, partial delivered or wrong item delivered. Standard practise is AP team receive inv via email or post and process via Yooz to requestor. Once requestor satisifed inv will be authorized for ERP process and pay. Any issue with goods or services causing inv to be kept on hold and supplier should be contacted to request credit for wrong or missing items (not delivered). Once credit received AP team process in ERP inv less credit and pay. If full credit raised to cancel original inv and revised new inv delivered, AP team cancel inv and only process revised inv in ERP. Finally AP team will add inv or inv minus credit to weekly payment run and supplier shiould receive funds and remittance advice (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