Company number: 04596349
and approved by N PARMAR
Average time taken to pay invoices: 21 days
Invoices paid:
Invoices due but not paid within agreed terms: 26%
30 days
Answer not provided
Standard contractual payment terms is 30 days although there are range of different payment terms
Answer not provided
N/A
90 days
No further comment provided
N/A
The Business operates via 3-way match for most goods/services. First attempt to settle a payment is done by Accounts Payable department via the 3 way match. If a 3 way match is not possible the end user/receiver of the goods/services are contacted by the AP department to resolve the query - at this stage the Purchasing department may also be involved If end user or Purchasing department cannot resolve the query and manually release the payment the supplier is contacted directly and worked with to resolve the issue All disputes are aimed to be resolved within the contractual terms where possible Where goods or services are provided and the process does not require a purchase order, invoices are manually released by the end user or a manager with sufficient authority. In the case of a dispute the end user would resolve with the supplier as per the standard process Once the dispute is resolved and invoices are accepted and/or credit and new invoices received, the payment is settled Suppliers should contact the Accounts Payable department with all queries - accounts@accord-healthcare.com
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No