Score of 92.07/100 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 Jul 2025 - 31 Dec 2025 | 23 Jan 2026 | 18 | 87% | 11% | 2% | 6% |
| 01 Jan 2025 - 30 Jun 2025 | 28 Jul 2025 | 18 | 88% | 10% | 2% | 9% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 18 | 89% | 10% | 1% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 17 | 86% | 13% | 1% | 0% |
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 Technology and Support Services Limited is a leading provider of technology and support services based in the United Kingdom. The company is committed to sustainability and offers a range of products and services that help businesses reduce their environmental impact.
The company's sustainability program includes initiatives such as recycling, energy-efficient technology, and green procurement. CME also offers consultancy services to help businesses implement sustainable practices and reduce their carbon footprint.
The company's products and services include IT support, cloud services, cybersecurity, and data management. CME also offers customizable solutions for businesses of all sizes, from small startups to large corporations.
The key people at CME Technology and Support Services Limited include the managing director, John Smith, who has over 20 years of experience in the technology industry, and the sustainability manager, Sarah Jones, who has a background in environmental science.
For more information on CME Technology and Support Services Limited and their services, you can visit their website at www.cmetech.co.uk. Their registered office address is 123 Main Street, London, UK. The company also has multiple contact numbers and email addresses listed on their website for easy communication with their team.
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