HITACHI VANTARA LIMITED
Company number: 02332239
Reporting period:
1 October 2023 to 31 March 2024
Report filed on:
30 April 2024
Approved by:
Agnieszka Maleszewska
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 31%
- in 61 days or more: 16%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 54%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Hitachi Vantara Ltd is the main trading entity for Hitachi Vantara in the UK. Unless otherwise agreed in writing, Hitachi Vantara will pay for third party goods or services, within 60 days of receipt of a correct, undisputed and properly due VAT invoice by Hitachi Vantara Ltd accounts payable team.
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
Any other information about payment terms
n/a
Dispute resolution process
With respect to contracts with suppliers, the general position is that the appointed service managers for each party first attempt to resolve the dispute. Additionally, suppliers can contact Hitachi Vantara’s dedicated accounts payable team (UK.Incoming.Invoices@hds.com). Such contacts would generally seek to deal with any disputes promptly (involving other senior Hitachi Vantara contacts, as needed), in accordance with the terms of the contract.
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.
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