PEARSON MANAGEMENT SERVICES LIMITED
Company number: 00096263
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
28 January 2021
Approved by:
Suzanne Brennan
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 25%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 51%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days from receipt of invoice
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If the supplier wishes to raise a dispute they should use the below process: Contact the Source to Pay helpdesk by email at coupasupplier@pearson.com. Suppliers will receive a ticket number by return email. This team is the first point of contact for supplier queries. Suppliers may contact the Helpdesk with all queries, including disputes. The Helpdesk have full visibility of the invoice status at all times and are well placed to support the supplier in answering their query. This includes escalating the matter to the relevant person in the business as and when required in order for the dispute to be resolved. Should queries not be resolved within an agreed time frame by the Helpdesk, suppliers can escalate their query by emailing ukprocurementhelpdesk@pearson.com and quoting the original ticket number.
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.
Yes, this business has signed up to: Prompt Payment Code
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.
Yes
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