ATOS CONSULTING LIMITED

Company number: 04312380

Reporting period:
1 July 2019 to 31 December 2019

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This report was filed on 30 January 2020

and approved by William Donovan

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 44%
• in 31 to 60 days: 47%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 60%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Payment shall be made within 60 days of receipt of a valid invoice.

Were there any changes to the standard payment terms in the reporting period?

In H2 2019 we moved any vendors with terms beyond 60 days to a maximum of net 60 days terms.

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

Invoices are paid in line with contracted terms. Payment terms range from immediate payment up to 60 days from date of invoice. 60% of invoices not paid within agreed terms equates to 61 invoices. 25 of these are items due within 14 days that on average took 30 days to pay. Of the invoices paid, 91% had agreed contractual vendor payment terms within 60 days.

Dispute resolution process

Disputed invoices are either emailed or posted back to the supplier and also a notification is sent to the Atos requestor. Email atos.ap.eu@mailuk.custhelp.com. The full Escalation & Dispute Resolution process is contained within section 34 of Supplier Contracts.

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, 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