Company number: 03323782
and approved by Tom Fussell
Average time taken to pay invoices: 20 days
Invoices paid:
Invoices due but not paid within agreed terms: 0%
7 days
Answer not provided
NM 28 which equates to 28 days later in the month following the month in which the invoice was raised.
Answer not provided
N/A
60 days
No further comment provided
N/A
Vendors are directed (as communicated on our purchase orders and remittance statements) towards the AP helpdesk manned by IBM (BBC Studios' business process outsource provider with phone/online chat/email helpdesk options available) who will investigate any disputes or complaints raised by the vendor. If resolution of their dispute or complaint is not satisfactory there is a further escalation process which suppliers can email and this will be investigated and resolved by a member of the BBC Studios Finance team.
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