Ranked in 14 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 80.25/100 qualifies for PaymentCheck Certification
The trend for COGNIZANT WORLDWIDE LIMITED's average time to pay invoices has been relatively stable over the past three periods, with a slight increase in 2019, followed by a decrease in 2020 and 2021. However, there has been a significant decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days in 2020 and 2021.
COGNIZANT WORLDWIDE LIMITED's average time to pay invoices has shown some volatility over the past three periods, with the highest volatility in 2020. This is reflected in the significant changes in the percentage of invoices paid within 30 days and those paid later than 60 days.
| 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 Jul 2024 - 31 Dec 2024 | 14 Mar 2025 | 30 | 64% | 28% | 8% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 10 Mar 2025 | 28 | 71% | 24% | 5% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 10 Mar 2025 | 30 | 68% | 24% | 8% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Mar 2025 | 28 | 70% | 24% | 6% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Mar 2025 | 27 | 73% | 22% | 5% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 09 Aug 2022 | 28 | 73% | 20% | 7% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 28 | 71% | 22% | 7% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Jul 2021 | 30 | 69% | 23% | 8% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 29 | 68% | 21% | 11% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 18 Nov 2020 | 46 | 49% | 29% | 22% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 46 | 22% | 29% | 49% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 46 | 42% | 36% | 22% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 47 | 36% | 41% | 23% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 38 | 54% | 23% | 23% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 40 | 54% | 25% | 21% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Within Cognizant’s CAPPS system, payment terms are established for each supplier. Invoices processed by Accounts Payable will reflect those terms and the payment due date will automatically be calculated by the system if the invoice matches to the order placed. Accounts Payable does not designate a payment date as this is entirely system-driven. For example, a supplier invoice dated July 1, 2014 is received by Accounts Payable on July 9 and is entered into the CAPPS system on July 10. If the payment terms are "Net 30," the system will automatically calculate a payment due date of August 8, 2014 for all accepted and undisputed transactions. Otherwise the invoice will be rejected and parked for clarification and the due date for payment will start from the date of invoice rectified, or from the date of receipt of a revised and acceptable invoice by Accounts Payable.
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
90
Person responsible for ordering the goods or services will review the invoice and address any disputed directly with the supplier. Depending on outcome, supplier will either issue a (full or partial) Credit Note or invoice will get paid as is.
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
Cognizant Worldwide Limited is a UK-registered company within the Cognizant group, headquartered in London. Its listed activities cover information technology consultancy and other IT services. The wider Cognizant group, trading under the Cognizant name, helps enterprises modernise technology, reimagine processes and transform digital experiences, with services spanning application development, cloud, automation, cybersecurity, data and AI, engineering research and development, and business process operations. The group operates globally across more than 40 countries and serves large organisations in sectors including banking, manufacturing and education. This entity forms part of that international structure, reflecting the group's UK presence for delivering IT consultancy and related technology services rather than a standalone trading operation.
Generated from the company's website and Companies House records. Sources: cognizant.com · cognizant.com