How long does Ernst & Young LLP take to pay its suppliers?

Standard payment terms

Ernst & Young LLP is the main trading entity for EY in the UK. Unless otherwise agreed in writing, EY will pay for third party goods or services, within 45 days of receipt of a correct, undisputed and properly due VAT invoice by EYUK’s accounts payable team ([email protected]). Ernst & Young LLP makes a significant volume of payments to other EY member firms. We have excluded intercompany payments from these results as we do not believe that these are reflective of our payments to third party suppliers. If intercompany payments are included, the time to pay would be 17 days, % not paid in terms would be 31%, paid in 30 days would be 82%, % paid in 60 days would be 17% and % paid in 61+ days would be 1%. To ensure timely processing, invoices should state: the contact details of the EY po

Dispute resolution

With respect to contracts with suppliers, the general position is that the appointed service managers (and, if applicable, senior service managers) for each party, first attempt to resolve the dispute (the EY point of contact varies from contract to contract). Additionally suppliers can contact EY’s dedicated accounts payable team ([email protected]). Such contacts would generally seek to deal with any disputes promptly (involving other senior EY contacts, as needed), in accordance with the terms of the contract.