Company number: 07425398
and approved by Paulo Jorge dos Santos Lopes
Average time taken to pay invoices: 11 days
Invoices paid:
Invoices due but not paid within agreed terms: 13%
30 days
Answer not provided
Itau BBA Intl does not have standard payment terms and it usually follows the payment terms proposed by its suppliers. The majority of the payments was due 30 days from the invoice issue date.
Answer not provided
N/A
59 days
The maximum period agreed was 59 days. This is not the usual payment period for the business, as most of the invoices are due in 30 days or less. This maximum period agreed refers to a single invoice from a particular supplier.
N/A
Invoices received by Itau BBA Intl will follow the usual accounts payable process of the business, where the Accounts Payable & Procurement team validates each invoice, which must be consistent with terms and conditions previously agreed between Itau BBA Intl and the supplier. As a result, Itau BBA Intl may dispute: i) Invoices that cannot be associated with a previous agreement, purchase order or any other form of request or commitment; ii) Invoices related to services that were agreed but Not provided by the supplier; iii) Invoice terms that are not consistent with the terms and conditions previously agreed. In such circumstances, Itau BBA Intl contacts the supplier and asks for further clarification about the invoice, until both Itau BBA Intl and the supplier are satisfied.
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