Company number: 01800000
and approved by Simon Lowth
Average time taken to pay invoices: 44 days
Invoices paid:
Invoices due but not paid within agreed terms: 5%
30 days
60 days
BT Group standard payment terms for contracted suppliers are 30 days for smaller suppliers and 60 days for larger suppliers from receipt of a valid invoice. Some suppliers have mutually agreed non standard longer terms (maximum 120 days) and others have agreed shorter non standard terms (e.g. Government contracts on 30 days).
Answer not provided
N/A
120 days
No further comment provided
A small number of suppliers in specialist industry categories e.g. devices, have mutually agreed to longer non standard payment terms than our standard payment terms (60 days). BT operates weekly, fortnightly, monthly payment run frequencies.
BT Group have standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link. https://groupextranet.bt.com/selling2bt/accounts_payable.html (Link to BT Payment Practices)
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt payment code
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.
Yes
No
No