The average time taken for PITNEY BOWES SOFTWARE EUROPE LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in 2019 followed by a slight increase in 2020.
The % of invoices paid within 30 days has remained relatively stable, while the % of invoices paid between 31 and 60 days has increased significantly from 21% in 2018 to 42% in 2020. The % of invoices paid later than 60 days has also increased, reaching its highest level in 2019 at 17%. The % of invoices not paid within agreed terms has also seen an increase, reaching 70% in 2019. The shortest (or only) standard payment period has remained consistent at 10 days.
Between Jan 2018 and Jun 2020, the average time taken for PITNEY BOWES SOFTWARE EUROPE LIMITED to pay invoices has fluctuated, with a decrease in 2019 followed by a slight increase in 2020. The % of invoices paid within 30 days has remained relatively stable, while the % of invoices paid between 31 and 60 days has increased significantly. The % of invoices paid later than 60 days has also increased, reaching its highest level in 2019 at 17%. The % of invoices not paid within agreed terms has also seen an increase, reaching 70% in 2019. The shortest (or only) standard payment period has remained consistent at 10 days.
| 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 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 35 | 51% | 42% | 7% | 53% |
| 01 Jul 2019 - 31 Dec 2019 | 08 Apr 2020 | 49 | 57% | 26% | 17% | 70% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 50 | 57% | 26% | 17% | 63% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jan 2019 | 32 | 65% | 27% | 8% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 30 | 72% | 21% | 7% | 62% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45
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
Multi-Lingual helpdesk with 48 hours TAT. Escalation through Sourcing Manager
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Pitney Bowes Software Europe Limited is a UK-registered company incorporated in 1986, classified under information technology consultancy and application software. It formed part of the Pitney Bowes group, a US-headquartered business whose activities include ecommerce shipping software, mailing technology and financial services for enterprise, government and small business customers. As the European software arm, this entity's own registered role was within that wider group's technology offering rather than as an independent trading brand. Companies House records show the company is currently in liquidation, indicating it has ceased normal trading operations.
Generated from the company's website and Companies House records. Sources: pitneybowes.com