Payment Practices & Performance
April 2022
Average time to pay | 32 days |
% of payments made within 30 days | 51% |
% of payments made within 60 days | 47% |
% of payments made after 60 days | 2% |
% of payments not paid within the agreed period | 38% |
- Standard payment terms are 30 days, unless otherwise negotiated with procurement
- The current maximum contractual payment is 60 days end of month
- All suppliers are notified of any changes to terms via email (where applicable), or post
- Invoice disputes are dealt with by the relevant business unit, Rivus aim to answer and close these within 5 working days of receipt
- The data above covers the entirety of April, covering circa 14,258 invoices across 700 suppliers
Payment and Practices Performance Document
View Report