Experian Technology Limited paid suppliers in 5 days on average — right on its stated terms

Standard payment terms

Under Experian Technology Limited’s standard terms, we commit to the payment of all invoices no later than the last day of the month following the month in which we receive a Correct Invoice from an Experian counterparty for counterparties with Intra Group Accounts (internal bank accounts). For all other intercompany invoices, payments are paid in line with specific country payment requirements including the settlement of invoices against receivables for countries where exchange control regulations exist.

Dispute resolution

The Experian Group has an internal intercompany policy which defines all documentation requirements in advance of invoicing and a dispute resolution process. The relevant section is: Policy 3.4 Disputed items Wherever possible disagreements regarding intercompany transactions should be resolved between the counterparties. When transactions identified in the reconciliation process cannot be resolved due to disagreement, the dispute process should be followed. Disputed transactions should be sent to the Central Finance team along with any supporting documentation and a brief summary of the issue. The dispute will then be reviewed by the Director of Financial Reporting. Where necessary, the relevant parties will be consulted. The decision of the Director of Financial Reporting is f

Other information

All payments are intercompany payments within the Experian Group and all invoices are approved prior to submission and are therefore paid immediately.