Industry ranking
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2023 - 31 Mar 2024 | 24 May 2024 | 34 | 64% | 28% | 8% | 9% |
| 01 Apr 2023 - 30 Sept 2023 | 03 Nov 2023 | 34 | 65% | 31% | 4% | 10% |
| 01 Oct 2022 - 31 Mar 2023 | 22 Jun 2023 | 32 | 65% | 31% | 5% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Under Experian’s standard contractual terms we commit to the payment of all invoices no later than the last day of the month following the month in which it receives a Correct Invoice from the supplier either via ISupplier or via our Accounts Payable department in our finance shared service centre via email accounts.payable@experian.com.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
Dispute resolution process Any disputes arising about payments or sums under an agreement between Experian and its Supplier (“Dispute”), will be reviewed under reasonable endeavours to negotiate and settle the dispute. The initial point of contact for a Dispute is set out in the table below. Full details of the dispute process can be found on our web page – http://www.experian.com/corporate/suppliers.html If, following the ten (10) Working Days, this is not possible, either party may escalate the Dispute in accordance with the escalation procedure in the table below, by giving written notice to the other party. If the parties have exhausted the escalation procedure set out below, either party may refer a dispute to the courts for resolution.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
EXPERIAN FINANCE PLC is an active public limited company, incorporated on 17 March 1917, based in the East Midlands region. Registered business activity: Activities of financial services holding companies.
From Companies House records.