Company number: 03669454
and approved by Robert Andrew Nathan Mills
Average time taken to pay invoices: 36 days
Invoices paid:
Invoices due but not paid within agreed terms: 2%
45 days
60 days
The Payables policy targets standardized payment terms across Stryker with all third party vendors of 45 days. If payment terms of 45 days are not achievable or accepted by vendor, a discount is required from third party vendors to pay before 45 days. Intercompany invoices represent 97% of invoice volume and are paid on 30 day terms.
Answer not provided
N/A
60 days
No further comment provided
N/A
Suppliers can contact Stryker's dedicated accounts payable team. Such contacts would generally seek to deal with any disputes promptly in accordance with terms of the contract.
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