Deloitte Global Services Holdings Limited paid suppliers in 43 days on average — inside its 45-day stated terms

Standard payment terms

Deloitte is a network of independent member firms operating in particular countries and territories under a common brand, with certain entities that serve a coordinating role for the network. Deloitte Global Services Holdings Limited (DGSHL) is the parent of a group of entities that act as captive service providers for the Deloitte network. DGSHL does not provide services to out-of-network customers or clients, nor does any of DGSHL’s subsidiaries. DGSHL generally only contracts for in-network services with other Deloitte entities. For such in-network services, the standard payment period is 45 days from date of an approved invoice.

Dispute resolution

DGSHL is committed to fair business practices and acting with integrity. DGSHL endeavours to resolve all invoicing disputes in a fair and timely manner. In the event of an in-network dispute, suppliers are required to attempt to negotiate a resolution with DGSHL in good faith. Unresolved disputes may be escalated through in-network governance mechanisms and, if necessary, resolved through arbitration.

Other information

For this reporting period, DGSHL identified no qualifying contracts or related payments with any out-of-network supplier. For purposes of calculating the payment statistics in these disclosures, DGSHL has relied on its accounts payable data. DGSHL has a practice of setting shorter payment terms in its accounts payable system than contractually required to facilitate prompt payments.