ESRI (UK) LIMITED
Company number: 01288342
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
25 July 2019
Approved by:
Huw Davies
Payment statistics
Average time taken to pay invoices: 71 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 9%
- in 61 days or more: 61%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
The standard payment terms operated by Esri (UK) Limited are 30 days end of month. If the supplier indicates different terms on their invoice, we adhere wherever possible to these terms.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
Our maximum contractual payment terms are with Esri Inc. in the United States. We are the licensed distributor in of Esri Software in the UK and purchases from Esri Inc. are on 90 days end of month payment terms as standard. These invoices make up a high proportion (61%) of the total volume in this report and therefore have a significant impact on our overall average number of days taken to pay invoices.
Any other information about payment terms
Excluding our payments to Esri inc. on long payment terms, our average time taken to pay invoices was 31.6 days in the period and 92% of invoices were paid within agreed terms.
Dispute resolution process
1. Our accounts payable team, or another suitable Esri (UK) employee, notify the supplier of the query, either by phone or email. The communication explains the nature of the query and the actions required to resolve the query. 2. The supplier provides the necessary information/credit note (as appropriate) to enable the query to be resolved. 3. Accounts payable check the information received and process the invoice for payment 4. The invoice is paid on the next available payment run. Payment runs are sent fortnightly, at the middle and end of each month.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair 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.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
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
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No