Company number: 01298663
and approved by Hilde van Moeseke
Average time taken to pay invoices: 39 days
Invoices paid:
Invoices due but not paid within agreed terms: 37%
1 days
120 days
There are eight standard payment terms commonly used; 21 days invoice date of invoice less 3% discount; 35 days invoice date of invoice less 3% discount; 30 days end of month; 56 days date of invoice; 60 days end of month; 90 days end of month; 95 days end of month; 120 days end of month for Graphic Packaging International intercompany suppliers only.
Answer not provided
N/A
120 days
The 120 days maximum contractual payment period stated above relates to Graphic Packaging International intergroup suppliers only. Our maximum period for third party suppliers is 95 days end of month.
N/A
In the event of a dispute between Graphic Packaging International and the supplier a complaint can be raised directly with the accounts payable department. This department will send the complaint to the invoice approver within Graphic Packaging International for follow up with the supplier. The Graphic Packaging International invoice approver and supplier must reach an agreement within a reasonable period of time on how to resolve the query. This definition of a reasonable period of time will be defined by all the parties involved.
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