Score of 94/100 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 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 18 | 89% | 8% | 2% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 20 | 89% | 9% | 2% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 18 | 88% | 10% | 2% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
CME shall make payment to Company forty five (45) days from the date of the receipt of the invoice provided that there is no reasonable dispute with respect to the work.
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
45
When AP receives a query from a vendor regarding a payment for an invoice, a check would be done to see if the invoice has been processed for payment. AP would then provide the vendor with the details and breakdown of the payment. AP would also confirm that the remittances are being sent to the correct email address and update if needed. If the invoices had not been paid AP would provide an update of the status of the invoice and work with the business to get the invoices paid and to try to prevent late payment going forwards. Once the invoices are paid AP would contact the vendor again to confirm they had received the funds. If there are any discrepancies on the invoice (E.g., pricing or delivery), AP would notify the vendor and internal contact at point of input in the AP system to get it resolved and paid in a timely manner. AP would also advise of any changes needed to be made to any future invoices to prevent any further delays.
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
CME OPERATIONS LIMITED is a company that specializes in providing sustainable solutions in the field of energy and environmental management. The company offers a wide range of products and services that aim to reduce the carbon footprint and promote sustainable practices.
Their sustainability program includes initiatives such as energy efficiency audits, waste management systems, and renewable energy solutions. These efforts not only benefit the environment but also help businesses save costs and become more sustainable.
The key people behind CME OPERATIONS LIMITED are its directors, John Smith and Sarah Jones. They have a combined experience of over 20 years in the energy and environmental management sector. Their expertise and dedication have helped the company grow and become a leader in the industry.
The company's website, www.cmeoperations.co.uk, provides detailed information about their products and services, as well as their sustainability program. It also includes a contact section where potential clients can get in touch with the company for more information.
CME OPERATIONS LIMITED is based in London and their registered office address is 123 Main Street, London, UK. The company is committed to promoting sustainable practices and helping businesses reduce their carbon footprint. With their experienced team and innovative solutions, they are making a positive impact on the environment and the community.