Score of 100/100 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 2024 - 31 Mar 2025 | 29 May 2025 | 5 | 100% | 0% | 0% | 0% |
| 01 Oct 2023 - 31 Mar 2024 | 24 May 2024 | 5 | 100% | 0% | 0% | 0% |
| 01 Apr 2023 - 30 Sept 2023 | 03 Nov 2023 | 5 | 100% | 0% | 0% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 23 Apr 2023 | 5 | 100% | 0% | 0% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 5 | 100% | 0% | 0% | 0% |
| 01 Oct 2021 - 31 Mar 2022 | 22 Apr 2022 | 5 | 100% | 0% | 0% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 08 Oct 2021 | 5 | 100% | 0% | 0% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 07 Apr 2021 | 5 | 100% | 0% | 0% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 11 Dec 2020 | 5 | 100% | 0% | 0% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 23 Feb 2021 | 5 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Under Experian Technology Limited’s standard terms, we commit to the payment of all invoices no later than the last day of the month following the month in which we receive a Correct Invoice from an Experian counterparty for counterparties with Intra Group Accounts (internal bank accounts). For all other intercompany invoices, payments are paid in line with specific country payment requirements including the settlement of invoices against receivables for countries where exchange control regulations exist.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
All payments are intercompany payments within the Experian Group and all invoices are approved prior to submission and are therefore paid immediately.
Maximum contractual payment period agreed
30
The Experian Group has an internal intercompany policy which defines all documentation requirements in advance of invoicing and a dispute resolution process. The relevant section is: Policy 3.4 Disputed items Wherever possible disagreements regarding intercompany transactions should be resolved between the counterparties. When transactions identified in the reconciliation process cannot be resolved due to disagreement, the dispute process should be followed. Disputed transactions should be sent to the Central Finance team along with any supporting documentation and a brief summary of the issue. The dispute will then be reviewed by the Director of Financial Reporting. Where necessary, the relevant parties will be consulted. The decision of the Director of Financial Reporting is final and is to be adhered to.
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
EXPERIAN TECHNOLOGY LIMITED is an active private limited company, incorporated on 20 April 2000, based in the East Midlands region. Registered business activity: Other software publishing; Leasing of intellectual property and similar products, except copyright works.
From Companies House records.