IRIS SOFTWARE LIMITED
Company Information
- Company Number
- 03196054
- Employee Count
- 0
- Turnover
- £159,521,000
- EBITDA
- £74,667,000
Additional Details
- Industries
- Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Nov 2024 - 30 Apr 2025 | 30 May 2025 | 33 | 75% | 24% | 1% | 27% |
| 01 Nov 2023 - 30 Apr 2024 | 30 May 2024 | 30 | 77% | 21% | 2% | 24% |
| 01 May 2023 - 31 Oct 2023 | 29 Nov 2023 | 33 | 71% | 27% | 2% | 30% |
| 01 Nov 2022 - 30 Apr 2023 | 26 May 2023 | 36 | 70% | 26% | 4% | 29% |
| 01 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 27 | 72% | 25% | 3% | 28% |
| 01 May 2021 - 31 Oct 2021 | 29 Nov 2021 | 25 | 79% | 18% | 3% | 21% |
| 01 Nov 2020 - 30 Apr 2021 | 25 May 2021 | 41 | 76% | 15% | 9% | 24% |
| 01 May 2019 - 30 Oct 2019 | 29 Nov 2019 | 32 | 57% | 34% | 9% | 43% |
| 01 Nov 2018 - 30 Apr 2019 | 31 May 2019 | 36 | 64% | 7% | 29% | 36% |
| 01 May 2018 - 30 Oct 2018 | 27 Nov 2018 | 35 | 80% | 12% | 8% | 20% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 36 | 70% | 19% | 11% | 30% |
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
30 days from date of invoice
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
30
Dispute Resolution Process
When issues are identified, we contact the supplier with details of the dispute and negotiate a resolution to the issue.
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
IRIS SOFTWARE LIMITED is a global IT services and consulting company that provides a wide range of products and services to its clients. The company was founded in 1994 and is headquartered in London, United Kingdom.
The company offers software solutions for various industries including banking, insurance, utilities, and healthcare. They also provide IT consulting, application development, maintenance and support, and testing services.
One of the key focuses of IRIS SOFTWARE LIMITED is sustainability. The company has implemented various initiatives to reduce their environmental impact and promote sustainability. This includes investing in renewable energy, reducing waste and promoting the use of eco-friendly products.
Some of the notable products and services offered by the company include IRIS Suite, a comprehensive banking solution; IRIS Insure, an insurance management system; IRIS Utilities, a utility billing and customer care system; and IRIS Health, a healthcare management platform.
The key people at IRIS SOFTWARE LIMITED include Mr. Sam Mehta, the CEO; Mr. Ajay Srivastava, the COO; and Mr. Sanjiv Krishen, the Executive Chairman.
The company's website address is www.irissoftware.com and their registered office address is 2nd Floor, 69-85 Tabernacle Street, London, EC2A 4RR, United Kingdom.
