CARL ZEISS LTD

Company number: 00542141

Reporting period:
1 October 2023 to 31 March 2024

This information is as reported by the business, and responses are in their own words.

This report was filed on 20 June 2024

and approved by Paul Adderley

Payment statistics

Average time taken to pay invoices: 23 days

Invoices paid:

within 30 days: 80%
in 31 to 60 days: 18%
in 61 days or more: 2%

Invoices due but not paid within agreed terms: 0%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Payments are processed on due date but are assumed to take 3 days to clear. Payments are assumed to take 3 days to be recorded on the ledgers

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

It is Zeiss process to pay all invoices consistent with the payment terms. The only issues would be disputes or admin errors like not booking the goods in. Both these cases are minimal. We have a significant value of invoices paid by direct debits.

Any other information about payment terms

N/A

Dispute resolution process

Disputes are minimal and are nearly all resolved within the finance department on an adhoc basis

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 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.

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.

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.

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?