TEMENOS UK LIMITED
Company Information
- Company Number
- 01972767
- Registered Address
- Fifth Floor, 71 Fenchurch Street, London, EC3M 4TD
- Status
- Active
- Employee Count
- 309.0
- Turnover
- 40367000.0
- EBITDA
- -5924000.0
Additional Details
- Website
- https://temenos.com
- Company Type
- Private limited Company
- Incorporated On
- 19 December 1985
- Nature of Business
- 58290 - Other software publishing
- Industries
- Software
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 06 Feb 2024 | 30 | 59% | 32% | 9% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 29 | 63% | 29% | 8% | 30% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 31 | 69% | 26% | 5% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 31 | 54% | 39% | 7% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 31 | 60% | 31% | 9% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jul 2021 | 27 | 65% | 33% | 2% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 34 | 51% | 33% | 16% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 40 | 44% | 34% | 22% | 48% |
| 01 Jul 2019 - 31 Dec 2019 | 03 Feb 2020 | 35 | 61% | 28% | 12% | 71% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 26 | 67% | 26% | 7% | 68% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Feb 2019 | 29 | 65% | 27% | 8% | 75% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 29 | 64% | 30% | 6% | 76% |
Company Summary
TEMENOS UK LIMITED is a global provider of banking and financial software solutions
The company was founded in 1993 and is headquartered in London, UK
It has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact
The company offers a wide range of products and services including core banking systems, digital banking solutions, risk and compliance management, wealth management, and data analytics
These solutions are designed to help financial institutions improve their operations, increase efficiency, and deliver an enhanced customer experience
TEMENOS UK LIMITED has a team of highly experienced and skilled professionals, led by its CEO, Max Chuard
The company has a strong presence in the UK and has established partnerships with leading financial institutions in the country
It also has a global presence with offices in more than 40 countries
In terms of sustainability, TEMENOS UK LIMITED has taken various measures to reduce its carbon footprint
It has implemented energy-efficient practices in its offices, reduced paper usage, and encourages remote working to reduce transportation emissions
The company also supports various charitable causes and has a corporate social responsibility program in place
To learn more about TEMENOS UK LIMITED and its products and services, interested individuals can visit their website at www.temenos.com
The registered office address is 6th Floor, 10 Finsbury Square, London EC2A 1AF, United Kingdom
The company can also be contacted via email at info@temenos.com or by phone at +44 (0) 20 7423 3000
Company Review
Trend Analysis
The data shows a slight increase in the average time taken for TEMENOS UK LIMITED to pay invoices to suppliers over the past three periods. In 2020, the average time to pay was 40 days, but in 2022 it decreased to 31 days. However, in 2023 it increased to 30 days. This suggests that the company has been making efforts to pay invoices more quickly, but there has been some fluctuation in their payment times.
Volatility Analysis
The most volatile period for TEMENOS UK LIMITED was in 2020, where there was a significant increase in the percentage of invoices paid later than 60 days (22%). This was also the period with the lowest percentage of invoices paid within 30 days (44%). However, in 2022, the volatility decreased with only 5% of invoices paid later than 60 days and 54% of invoices paid within 30 days.
Summary Analysis
In the past three periods, there has been a slight decrease in the average time taken for TEMENOS UK LIMITED to pay invoices to suppliers, from 40 days in 2020 to 30 days in 2023. However, there has been some fluctuation in payment times, with 2020 being the most volatile period. The company has shown improvement in paying invoices within 30 days, with the percentage increasing from 44% in 2020 to 59% in 2023. However, there is still room for improvement as there is a consistent percentage of invoices paid later than 60 days (around 9%) and not paid within agreed terms (around 30%).
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Between 30 - 60 days terms
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The main point of contact for disputes is the Shared Services Centre in Chennai. When an invoice is disputed, the supplier will receive an automated email indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. Temenos follows a no PO no pay policy. The PO number is communicated by Temenos' procurement team at the time of placing the order.
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
