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MICRO FOCUS LIMITED

Company number: 01504593

Reporting period:
1 July 2023 to 31 December 2023

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This information is as reported by the business, and responses are in their own words.

This report was filed on 30 January 2024

and approved by Paul Rodgers

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

• within 30 days: 74%
• in 31 to 60 days: 22%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 28 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

The standard payment term is sixty (60) days from the receipt of a valid invoice. Some suppliers and supply categories, like essential services, will have payment terms negotiated in advance that will be different from the Micro Focus Limited standard payment term. It is Micro Focus Limited’ practice to issue payment for invoices that become due in the next payment run. If an invoice comes due after a payment run, payment will be issued in the next available payment run.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

75 days

Any other information about payment terms

N/A

Dispute resolution process

If any invoice is disputed, Micro Focus Limited agrees to negotiate in good faith to resolve the dispute. Suppliers can contact the Micro Focus Limited Accounts Payable Department (the current contact details of which are MFI-MFAPCRC@opentext.com), or their Micro Focus Limited representative, in connection with disputed invoices, as well as for invoice status and any other payment related questions.

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

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