COGNIZANT WORLDWIDE LIMITED
Company Information
- Company Number
- 07195160
- Registered Address
- 280 Bishopsgate, London, United Kingdom, EC2M 4AG
- Status
- Active
- Employee Count
- 7,020
- Turnover
- £11,059,000,000
- EBITDA
- £941,000,000
Additional Details
- Website
- https://cognizant.com
- Company Type
- Private limited Company
- Incorporated On
- 18 March 2010
- Nature of Business
- 62020 - Information technology consultancy activities62090 - Other information technology service activities
- Industries
- Education,Environment,Agriculture And Waste,Financial Services,Information Technology,Telecommunications And Data,Professional Services,Safety And Security,Software,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
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 Jul 2024 - 31 Dec 2024 | 14 Mar 2025 | 30 | 64% | 28% | 8% | 3% |
| 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% |
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
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
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.
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.
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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.
❌
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
COGNIZANT WORLDWIDE LIMITED is a multinational information technology, consulting, and business process services company. It was founded in 1994 and is headquartered in Teaneck, New Jersey, USA.
The company offers a wide range of services including digital transformation, IT consulting, application development and maintenance, cloud services, and mobility solutions. It serves clients in various industries such as banking, healthcare, retail, and telecommunications.
In terms of sustainability, COGNIZANT WORLDWIDE LIMITED has a dedicated program called "Cognizant Sustainability 2020" which focuses on reducing their environmental impact, promoting diversity and inclusion, and giving back to the community. The company has set targets to reduce carbon emissions, increase renewable energy usage, and reduce waste production by 2020.
Some of the key people in the company include Brian Humphries, the CEO, and Rajeev Mehta, the President. They lead a team of over 280,000 employees across the world.
The registered office address of COGNIZANT WORLDWIDE LIMITED is 1 Kingdom Street, Paddington, London, W2 6BD, United Kingdom. The company can be contacted through their website, www.cognizant.com, for any business inquiries or to learn more about their services and sustainability efforts.
