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ACCORD HEALTHCARE LIMITED

Company number: 04596349

Reporting period:
1 April 2018 to 30 September 2018

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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 October 2018

and approved by Mr. Nilesh Parmar

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 67%
• in 31 to 60 days: 24%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 36 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Standard contractual terms is 30 Days, however there are different range of terms.

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

The Business operates a standard 3-way match for most goods/services ( Purchase order, goods receipt and Invoice).
Settlement of a payment takes place in the Accounts Payable department via the 3 way match.
If a 3 way match is not possible the end user/receiver of the goods/services are contacted by the AP department to resolve the query.
If end user cannot resolve the query we obtain manual approval with the respective head of department and manually release the payment to the supplier.
All disputes are aimed to be resovled within the contractual terms where possible.

Suppliers should contact the Accounts Payable department with all queries - Accounts@accord-healthcare.com

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