Company number: 07022885
and approved by Tom Wright
Average time taken to pay invoices: 21 days
Invoices paid:
Invoices due but not paid within agreed terms: 4%
30 days
Answer not provided
The standard contractual terms for all goods and services is 30 days.
Answer not provided
N/A
30 days
No further comment provided
Bank of Ireland Group is committed to prompt payment of invoices, where goods and services have been provided in accordance with contractual obligations. Effective 8 April 2020 all small and medium enterprise suppliers were paid on immediate terms once a valid* invoice was received in Procurement at invoices@boi.com (*Note: Valid invoice is defined as after standard verification and business unit approval of the invoice is complete.)
The main point of contact for a supplier in resolving a dispute in relation to payment under a qualifying contract is the business unit contact name who engaged the supplier to provide the relevant the goods / services to the company.
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