ALZHEIMER'S SOCIETY
Company number: 02115499
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 15 November 2018
and approved by Stephen Hill
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 29%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 36 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
The Society’s standard payment terms for our suppliers are 30 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Payment disputes are handled via the Accounts Payable team within Finance, who act as the liaison point between the supplier, the budget holder and (if different) the person responsible for authorisation of invoice payment. Payment authorisation is subject to the Delegation of Financial Authority policy, as approved by the Board of Trustees.
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