OPEN TEXT UK LIMITED
Company number: 03148093
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
18 January 2024
Approved by:
Mary Morrissey
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 32%
- in 61 days or more: 6%
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: 29%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms for Opentext UK Limited are the usual payment times for our customers, based on our business location, sector, and credit terms. They specify when and how the payment should be made after the invoice date or the delivery
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
For any issues regarding payments: • Vendor is requested to send inquiries to AP Help mailbox (APHelp@opentext.com) • Inquiries are queued and resolved on first come first served basis. • The AP Specialist analyzes the issue and resolves it accordingly. Resolution may include collaboration with other team members or other business stakeholders. Once resolved, the vendor is advised of the resolution.
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.
Yes
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