Score of 95.37/100 qualifies for PaymentCheck Certification
| 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 Oct 2025 - 31 Mar 2026 | 27 Apr 2026 | 6 | 92% | 5% | 3% | 4% |
| 01 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 6 | 92% | 5% | 3% | 5% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 6 | 92% | 5% | 3% | 7% |
| 01 Apr 2024 - 30 Sept 2024 | 23 Oct 2024 | 6 | 92% | 5% | 3% | 9% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 6 | 92% | 5% | 3% | 9% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 7 | 91% | 5% | 4% | 9% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 9 | 86% | 9% | 5% | 15% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 20 | 71% | 20% | 9% | 11% |
| 01 Oct 2021 - 31 Mar 2022 | 04 May 2022 | 18 | 74% | 16% | 10% | 14% |
| 01 Apr 2021 - 30 Sept 2021 | 01 Nov 2021 | 15 | 79% | 14% | 7% | 14% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 15 | 78% | 13% | 9% | 13% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 14 | 82% | 12% | 6% | 11% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 18 | 75% | 16% | 9% | 15% |
| 01 Oct 2018 - 31 Mar 2019 | 10 Apr 2019 | 20 | 73% | 18% | 9% | 13% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 16 | 78% | 17% | 6% | 13% |
| 01 Oct 2017 - 31 Mar 2018 | 19 Apr 2018 | 15 | 79% | 17% | 4% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The payment terms are assigned by the Business units on a case by case basis:- Payment terms usage is as follows: 86% were only Intercompany clearing transactions due net end of the month (only available to Siemens intercompany), 5% within 30 days, 4% Within 60 days from Invoice received,3% within 90 days, 1% within 7 days and the remainder of payment terms were less than 1%. Note: Intercompany clearing terms are available to Siemens companies only and payment method for such terms results in clearing of such transactions without any transmission of money external to Siemens cash pool.
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
180
1) Central Accounts Payable (AP) team for payment enquiries, contact points via e-mail. Relevant details are on Purchase Orders, usually the address of the business unit. E-mail: payments-disw.pt@siemens.com 2) AP liaise with supplier to obtain and process missing invoices a) Check existing systems (scan provider - Brainware/invoice process queue to see if invoice already in query and/or rejected invoices - workflow NextGen) 3) AP liaise with suppliers to confirm payment details (past and upcoming) 4) AP liaise with approvers to release overdue invoices for payment 5) AP team contact the vendor and try to solve the issue together with the business unit
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.
❌
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
Siemens Industry Software Limited is a UK-registered company operating within the Siemens group, providing information technology consultancy and software activities. Evidence associated with the company relates to Iray Plugins, a range of rendering plugins for 3D design applications including 3ds Max, Maya and Rhino, using Iray rendering technology to allow users to visualise, edit and render designs with physically based lighting and materials. The Rhino plugin was retired in January 2023, though support continues for existing licences, while the 3ds Max and Maya plugins remain available. The company's registered office is in Farnborough, Hampshire, and it is recorded as active on Companies House.
Generated from the company's website and Companies House records. Sources: irayplugins.com