VERINT SYSTEMS UK LIMITED
Company Information
- Company Number
- 02602824
- Registered Address
- 2nd Floor, The Forge, 43 Church Street, Woking, England, GU21 6HT
- Status
- Active
- Employee Count
- 742
- Turnover
- £126,496,000
- EBITDA
- £23,113,000
Additional Details
- Website
- https://www.verint.com/
- Company Type
- Private limited Company
- Incorporated On
- 18 April 1991
- Nature of Business
- 62020 - Information technology consultancy activities62090 - Other information technology service activities
- Industries
- Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for VERINT SYSTEMS UK LIMITED's average time to pay invoices has been steadily decreasing since 2018, with a significant drop in 2019 and a slight increase in 2020 before decreasing again in 2021 and 2022.
Volatility Analysis
The volatility for VERINT SYSTEMS UK LIMITED's average time to pay invoices has been relatively low, with minor fluctuations between 14 and 45 days.
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 Aug 2023 - 31 Jan 2024 | 11 Mar 2024 | 22 | 77% | 21% | 2% | 8% |
| 01 Feb 2023 - 31 Jul 2023 | 01 Sept 2023 | 20 | 81% | 18% | 1% | 6% |
| 01 Aug 2022 - 31 Jan 2023 | 13 Mar 2023 | 21 | 78% | 21% | 1% | 6% |
| 01 Feb 2022 - 31 Jul 2022 | 30 Aug 2022 | 21 | 83% | 14% | 3% | 9% |
| 01 Aug 2021 - 31 Jan 2022 | 07 Mar 2022 | 21 | 81% | 16% | 3% | 8% |
| 01 Feb 2021 - 31 Jul 2021 | 05 Sept 2021 | 20 | 87% | 12% | 1% | 16% |
| 01 Aug 2020 - 31 Jan 2021 | 04 Mar 2021 | 28 | 78% | 19% | 3% | 17% |
| 01 Feb 2020 - 31 Jul 2020 | 22 Sept 2020 | 19 | 81% | 18% | 1% | 24% |
| 01 Aug 2019 - 31 Jan 2020 | 02 Mar 2020 | 14 | 91% | 9% | 1% | 25% |
| 01 Feb 2019 - 31 Jul 2019 | 03 Sept 2019 | 16 | 88% | 11% | 1% | 25% |
| 01 Aug 2018 - 31 Jan 2019 | 02 Mar 2019 | 41 | 58% | 28% | 14% | 9% |
| 01 Feb 2018 - 31 Jul 2018 | 30 Aug 2018 | 45 | 51% | 35% | 14% | 26% |
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
Net 60
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
All incoming electronic mail creates a service now ticket , which is trackable and monitored by AP management and the Shared Service Centre Manager. We aim to deal with the majority of queries within 48 hours.
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
VERINT SYSTEMS UK LIMITED is a leading technology company that specializes in providing software and services to help organizations enhance customer engagement, improve security, and optimize business processes. The company is headquartered in Maidenhead, UK and was established in 2002.
The company's sustainability program is focused on reducing its environmental impact and promoting social responsibility. VERINT has implemented energy-efficient practices in its operations and encourages its employees to participate in volunteering and charitable activities. It also supports diversity and inclusion in the workplace.
The company offers a wide range of products and services, including customer engagement solutions, workforce optimization tools, and security intelligence solutions. These solutions help businesses to better understand their customers, improve their operations, and prevent security threats.
The key people at VERINT SYSTEMS UK LIMITED include Nick Nonini, the Managing Director, and David Parcell, the Director of Sales. The company has a dedicated customer support team to assist its clients with any queries or issues.
The registered office address for VERINT SYSTEMS UK LIMITED is 3 Thames Valley Park Drive, Reading, Berkshire, RG6 1PT, United Kingdom. Their website address is www.verint.com. Customers can contact the company via phone at +44 (0) 1628 822 222 or email at info.emea@verint.com.
In summary, VERINT SYSTEMS UK LIMITED is a leading technology company with a strong focus on sustainability, providing innovative solutions to help businesses improve their operations and engage with their customers. With a dedicated team and a commitment to social responsibility, the company continues to grow and make a positive impact in the industry.
