How long does Deloitte Erdc Limited take to pay its suppliers?

Standard payment terms

Standard payment terms within Deloitte network For in-network suppliers, the standard payment period is 45 days from receipt of an approved invoice. “Deloitte Entities” means one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. Standard out-of-network payment terms Subject to the following exceptions, for out-of-network suppliers, the standard payment period for goods and/or services is between 14 to 30 days from receip

Dispute resolution

The firm has a dedicated Finance Service Desk which is reachable by phone and email. Suppliers with invoice queries need to contact this team. The team will be able to advise on the status of the invoice/payment. If the dispute is around incomplete invoices or missing information the accounts payable team will contact the supplier to obtain the missing information. If there is a dispute with the invoice, the finance service desk team along with the accounts payable team will liaise with the Deloitte contact who ordered the goods/services. The Deloitte contact will liaise directly with the supplier to resolve the dispute and inform the accounts payable team of the outcome so they can amend our system and make the payment.

Other information

The headline figures are third party payments only. The performance statistics would have been as follow, including Interfirm transactions: Average time taken to pay invoices: 19 days Invoices paid: within 30 days: 99% in 31 to 60 days: 1% in 61 days or more: 0% Late and disputed: payments due in the reporting period which have not been paid within the agreed period: 17%