Company number: 02505735
and approved by Matthew Keen
Average time taken to pay invoices: 50 days
Invoices paid:
Invoices due but not paid within agreed terms: 12%
50 days
60 days
Standard Payment terms are 50 days as per Thomson Reuters Purchasing policy. Most common payment terms that set up with the vendors as 0 day and 50 days with the suppliers as per the contractual agreements during the reporting period. Reuters Transaction Services Limited does not engage in material standalone purchasing activity. The handful of payments that fall within the scope of this report (less than 20 a year) relate to payments to advisers to support the company's regulatory reporting obligations.
Answer not provided
N/A
60 days
No further comment provided
N/A
There is a dedicated P2P Helpdesk team that the vendors can reach out to with regards to their queries related to invoice/payment status or any other Accounts Payable related queries. The queries can be submitted through a supplier portal link and the supplier be notified with an auto response containing the ticket number for tracking purposes. The queries are responded to within 24-48 hours time frame & resolution is provided as agreed with the supplier. For further details, please visit the Thomson Reuters Supplier Portal https://www.thomsonreuters.com/en/resources/global-sourcing-procurement.html
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.
Yes
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