Company number: 02550622
and approved by Benjamin Freeman
Average time taken to pay invoices: 27 days
Invoices paid:
Invoices due but not paid within agreed terms: 12%
3 days
90 days
Standard payment terms for projects is 30 days from receipt of a valid invoice and 60 days for all other business areas. Variations are agreed for individual circumstances.
Answer not provided
N/A
90 days
N/A
N/A
Invoices that cannot be validated are queried out to the business using an integrated workflow solution which is constantly monitored to ensure responses are received in the required timescales. Vendors contact the Shared Service Centre Help desk with any queries. A ticketing solution is used to monitor queries where the answer is not provided instantly. Late payment charges are negligible. The Company investigates and resolves any such incidents immediately. Costs are not recorded centrally, they are charged to the business area responsible In case of queries relating to payments, contact our Shared Service Centre at SSC Help Desk email is finance_SSC@innogy.com tel: 0845 0702100 to register under our Business dispute resolution process For dispute resolution, contact : finance_SSC_AP@innogy.com telephone 0845 0702100
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.
Yes
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