PITNEY BOWES LIMITED
Company number: 00182037
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
18 January 2019
Approved by:
Gerard Willsher
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 33%
- in 31 to 60 days: 63%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 22%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms are 45 days
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
however we have contracts with payment on invoice, contracts at 14 days, 30 days, 60 days and even 120 days.
These are negotiated based on what is being bought. For instance goods coming from Asia by boat and subject to currencies fluctuation will tend to have longer payment terms. Contract with Nordics suppliers will often be at 14 days for cultural reasons, and some supplier might give you discount if paid on invoice.
Any other information about payment terms
No further comment provided
Dispute resolution process
We have a set e-mail address and phone number were suppliers can log calls and receive a ticket to track progress.
This is available in English, French and German.
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