ATLAS COPCO LIMITED
Company number: 00159809
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
23 January 2025
Approved by:
J McAllister
Payment statistics
Average time taken to pay invoices: 13 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 19%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 38%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are 30 days from receipt of invoice for all divisions except Medical, where 60 days end of month is the standard payment term.
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
120 days
No further comment provided
Any other information about payment terms
The Company uses its reasonable endeavours to pay invoices promptly in accordance with its contractual payment terms unless an invoice is disputed.
Dispute resolution process
There are several divisions in the legal entity Atlas Copco Ltd., each is responsible for its own suppliers’ complaints. Each division has a designated contact e-mail address and/or phone number for the accounts payables teams, who should be contacted in case of any query related to a supplier’s invoice.
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.
Yes
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