FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED
Company number: 01902009
Reporting period:
1 October 2024 to 31 March 2025
Report filed on:
30 April 2025
Approved by:
Euan Wilson
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
Global AP is committed to paying invoices in the fastest and most efficient way possible. Submitted invoices are reviewed for accuracy and payment is made when the supplier has completely and properly delivered/performed the agreement and when correct invoice is delivered to the Accounting Department.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the event of a dispute with a supplier a complaint can be raised Franklin Templeton Customer Service. This department will send the complaint to the invoice approver within Franklin Templeton responsible for follow up with the supplier to resolve the dispute within a reasonable time.
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