Score of 85.1/100 qualifies for PaymentCheck Certification
The data shows a consistent decrease in the average time taken for SWISS POST SOLUTIONS LTD to pay invoices to suppliers over the past three periods. In 2018, the company took an average of 58 days to pay invoices, which decreased to 43 days in 2019 and further decreased to 42 days in 2020. The trend continues in 2021 with an average of 29 days to pay invoices.
The data also shows a decrease in the percentage of invoices paid later than 60 days in the past three periods. In 2018, 33% of invoices were paid later than 60 days, which decreased to 8% in 2019 and further decreased to 9% in 2020. In 2021, the percentage dropped even further to 2%, indicating a more consistent and timely payment of invoices by SWISS POST SOLUTIONS LTD.
Over the past three periods, SWISS POST SOLUTIONS LTD has shown an improvement in their payment process. The average time taken to pay invoices has decreased from 58 days in 2018 to 29 days in 2021. The percentage of invoices paid within 30 days has also increased from 15% in 2018 to 49% in 2021. Furthermore, the percentage of invoices paid later than 60 days has significantly decreased from 33% in 2018 to 2% in 2021.
| 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 Jan 2024 - 30 Jun 2024 | 01 May 2025 | 21 | 71% | 26% | 3% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 06 May 2022 | 29 | 49% | 49% | 2% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 20 May 2021 | 37 | 33% | 60% | 7% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Nov 2020 | 42 | 19% | 72% | 9% | 9% |
| 01 Jul 2019 - 31 Dec 2019 | 20 May 2021 | 45 | 45% | 47% | 8% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Oct 2019 | 43 | 34% | 59% | 8% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Oct 2019 | 46 | 18% | 71% | 11% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 58 | 15% | 52% | 33% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company has standard payment terms of 30 days but has negotiated standard payment terms of between 7 and 90 days.
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
90
We endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the accounts payable team.
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
SWISS POST SOLUTIONS LTD is a global company that provides innovative and sustainable solutions in the fields of document management, business process outsourcing, and IT services. Their main aim is to help businesses improve their processes and become more efficient.
The company offers a wide range of services including data capture, document processing, mailroom management, and digital archiving. They also provide customized solutions tailored to the specific needs of their clients. This helps businesses save time and resources, allowing them to focus on their core activities.
SWISS POST SOLUTIONS LTD is committed to sustainability and has a dedicated sustainability program in place. They aim to reduce their environmental impact by implementing eco-friendly solutions and promoting responsible business practices. This includes using renewable energy sources, reducing waste, and promoting a paperless working environment.
Some of the key people at SWISS POST SOLUTIONS LTD include the CEO, Dr. Alexander Dörsam, and the CFO, Philippe Bieri. They lead a team of experts who are dedicated to providing high-quality services and driving the company's sustainability efforts.
The company's website, https://www.swisspostsolutions.com/en/home, contains comprehensive information about their services, products, and sustainability program. It also provides contact information, including their registered office address in London.
In summary, SWISS POST SOLUTIONS LTD is a leading provider of sustainable document management and business process outsourcing services. With their commitment to sustainability and innovative solutions, they help businesses improve efficiency and reduce their environmental impact.