FINASTRA INTERNATIONAL LIMITED
Company Information
- Company Number
- 00971479
- Employee Count
- 502
- Turnover
- £354,743,000
- EBITDA
- £103,874,000
Additional Details
- Industries
- Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 Dec 2018 - 31 May 2019 | 08 Oct 2019 | 15 | 81% | 8% | 11% | 22% |
| 01 Jun 2017 - 30 Nov 2017 | 27 Dec 2017 | 29 | 82% | 12% | 7% | 21% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Finastra's standard payment terms are 60 calendar days from receipt of invoice. Finastra does not have a maximum contractual payment period. Finastra agrees payment terms with vendors prior to agreeing to the initial purchase with them.
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
60
Dispute Resolution Process
With any concern or complaint related to payments (e.g. non-receipt of payment, incorrect payment amount, excess bank charges, etc.) vendors should contact Finastra Accounts Payable team in Bangalore on Finastra.AP@finastra.com email address. The internal timeline to respond to any email is 24hrs (however this does not mean the issue would be resolved within 24hrs – this is based on the nature of the issue). As a first step when a vendor receives the PO copy from our company it would mention the email ID of the AP team as well as the Purchasing team if they need to raise any concerns.
Other Payment Information
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
Company Summary
FINASTRA INTERNATIONAL LIMITED is a leading financial technology company that provides innovative solutions and services to the financial industry. With headquarters in London, the company operates in over 40 countries and has more than 10,000 customers worldwide.
The company offers a wide range of products and services, including core banking systems, digital channels, and payment solutions, to help financial institutions improve their efficiency, security, and customer experience. They also provide consulting and support services to ensure smooth implementation and maintenance of their solutions.
FINASTRA INTERNATIONAL LIMITED is committed to sustainability and has a dedicated program to reduce their environmental impact. They have implemented measures to reduce energy consumption, recycle waste, and promote sustainable practices within their offices and operations. They also work with their clients to help them achieve their own sustainability goals.
The company has a strong leadership team, with the CEO Nadeem Syed at the helm, along with other key executives such as Chief Financial Officer Brian Murphy and Chief Product and Technology Officer Eli Rosner.
For more information on FINASTRA INTERNATIONAL LIMITED and their products and services, you can visit their website at www.finastra.com. Their registered office address is 4 Kingdom Street, Paddington, London, W2 6BD, United Kingdom.
