| 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 May 2018 - 31 Oct 2018 | 28 Jan 2019 | 29 | 70% | 22% | 8% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days and 45 for contractors
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
If an invoice received is disputed due to cost or service provided, then the contact for the vendor will raise this with the vendor to try and resolve the issue. If this is not successful, then the dispute will be escalated to a more senior member of the organisation to contact the vendor. If this is still not successful it will be escalated to the legal team for review and guidance. If required, the legal team will open a formal legal dispute with the vendor. Any dispute due to incorrect details on the invoice, VAT, address etc, will be resolved by the AP team who will contact the vendor to request the invoice to be amended and re-sent. If this is not successful, then the process referenced above will be followed.
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
KORN/FERRY INTERNATIONAL LIMITED is a global organizational consulting firm that specializes in executive recruitment and talent management solutions. The company was founded in 1969 and is headquartered in Los Angeles, California.
Their sustainability program focuses on reducing their environmental impact through initiatives such as energy efficiency, waste reduction, and sustainable sourcing. They also prioritize diversity and inclusion in their hiring practices and have committed to reducing their gender pay gap.
The company offers a range of services, including executive search, leadership development, and employee engagement. They work with clients across various industries, including technology, healthcare, and financial services.
Key people at KORN/FERRY INTERNATIONAL LIMITED include Gary Burnison, the CEO, and Robert McNabb, the CFO. The company has a team of over 8,000 employees globally, with offices in North America, Europe, Asia, and Australia.
Their website address is www.kornferry.com, and their registered office address is 1900 Avenue of the Stars, Suite 2600, Los Angeles, California, 90067, United States. In addition, the company can be contacted through their website for inquiries or career opportunities.