NVIDIA LTD
Company number: 03900676
Reporting period:
1 August 2021 to 31 January 2022
Report filed on:
26 July 2024
Approved by:
Jacqueline Lane
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 59%
- in 31 to 60 days: 40%
Late and disputed:
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
The most frequently used terms are net 7 days and net 45 days. Even though our standard pay term is net 55, most of the vendors PO has non-standard pay term as the procurement team decides pay terms on a case by case basis and suppliers are notified with a purchase order.
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
55 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes related to payments are resolved by mutual reconciliation of account between the parties.
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