ACCORD HEALTHCARE LIMITED
Company number: 04596349
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
30 October 2018
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%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 36%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
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
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
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 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