Company number: 02809975
and approved by Leslie L Jenkins
Average time taken to pay invoices: 19 days
Invoices paid:
Invoices due but not paid within agreed terms: 17%
2 days
Answer not provided
Standard contractual terms relating to payment for the procurement of goods and/or services is 30 days from receipts of the invoice. In the commodities traded market Phillips 66 uses industry standard terms which are negotiated with the suppliers as part of contractual negotiations
Answer not provided
N/A
30 days
No further comment provided
N/A
Phillips 66 has a dedicated Vendor Invoice Status (VIS) website that allows suppliers to view and monitor their account information, and a 24-hour hotline accounts payable call centre. Queries relating to the payment of invoices should, in the first instance be raised through VIS website or the account payable hotline. Queries relating to the payment of invoices can also be directed to the individual responsible for the managing of the contract to which such invoice relates. A query that cannot be so resolved may be referred to the finance department who may escalate the matter to the appropriate department head or the legal department, as necessary
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