Payment Practices & Performance

Performance as at December 2021

  • Average time to pay  28 days
  • % of payments made within 30 days  59%
  • % of payments made within 60 days  40%
  • % of payments made after 60 days  1%
  • % of payments not paid within the agreed period  33%
  • Standard payment terms are 30 days, unless otherwise negotiated with procurement.
  • The current maximum contractual payment is 60 days end of month.
  • All suppliers are notified of any changes to terms via email (where applicable), or post.
  • Invoice disputes are dealt with by the relevant business unit, Rivus aim to answer and close these within 5 working days of receipt.
  • The data above covers the entirety of December, covering circa 11,735 invoices across 700 suppliers.
Click here for previous monthly reports