Payment Practices & Performance

September 2023

Average time to pay	35 days
% of payments made within 30 days	47%
% of payments made within 60 days	46%
% of payments made after 60 days	7%
% of payments not paid within the agreed period	24%

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 September, covering circa 12,406 invoices across 700 suppliers

Payment and Practices Performance Document