The data for IDIS LIMITED shows a consistent decrease in the average time taken to pay invoices from 45 days in the period of July 2017 to December 2017, to 36 days in the period of January 2018 to June 2018. However, there is no data available for the period of July 2018 to December 2018.
The data for IDIS LIMITED shows volatility in the percentage of invoices paid within 30 days, with a decrease from 45% to 36% in the first two periods. The percentage of invoices paid between 31 and 60 days also shows volatility, with an increase from 43% to 59% in the same periods. The percentage of invoices paid later than 60 days shows a decrease from 12% to 5% in the first two periods.
The data for IDIS LIMITED shows a consistent decrease in the average time taken to pay invoices, from 45 days in the period of July 2017 to December 2017, to 36 days in the period of January 2018 to June 2018. The percentage of invoices paid within 30 days has also decreased from 45% to 36%, indicating a trend towards early payment. However, the percentage of invoices paid between 31 and 60 days has increased from 43% to 59%, indicating a trend towards late payment. The worst period for IDIS LIMITED was the period of July 2017 to December 2017, where 12% of invoices were paid later than 60 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 Jul 2018 - 31 Dec 2018 | 24 Jul 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 36 | 36% | 59% | 5% | 33% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 45 | 45% | 43% | 12% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are agreed with suppliers when they are set up on our systems before the first contract is entered into. The most commonly used payment terms are 30 days and the maximum is 90 days.
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
90
Disputes are raised with the central procurement team who will assess whether the issue relates to price or quality of product and include the relevant teams in discussions with the supplier so that a resolution can be found.
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
IDIS LIMITED is a British technology company that specializes in video surveillance and security solutions. Founded in 1997, the company is headquartered in London and has a global presence with offices in over 50 countries.
Their main focus is on developing and manufacturing high-quality video surveillance products, including cameras, recorders, and software. These products are used in a variety of sectors such as retail, transportation, banking, and healthcare, to name a few.
In line with their commitment to sustainability, IDIS LIMITED has implemented various initiatives to reduce their environmental impact. This includes using energy-efficient manufacturing processes, recycling materials, and reducing carbon emissions. They also have a product recycling program to responsibly dispose of old and unused equipment.
The company's sustainability program also extends to their product design, with a focus on creating energy-efficient and eco-friendly solutions. Their products comply with international energy efficiency standards and are designed to have a longer lifespan, reducing the need for frequent replacements.
IDIS LIMITED is led by a team of experienced and knowledgeable professionals, including their CEO, Mr. Joon Jun, and their Chief Technology Officer, Mr. Sunghoon Lee. They are dedicated to driving innovation and maintaining the company's reputation as a leader in the video surveillance industry.
For any inquiries or to learn more about their products and services, interested individuals can visit their website at www.idisglobal.com. The company's registered office address is listed as IDIS LIMITED, 12th Floor, 20 Farringdon Street, London, EC4A 4AB, United Kingdom. IDIS LIMITED continues to prioritize sustainability in their operations and is committed to providing innovative and eco-friendly solutions for their customers.