Comments on: CN Payment 100: best and worst payers revealed

By: Mark Oliver

Mark Oliver — Fri, 10 Feb 2023 14:48:24 +0000

In reply to Rob.Driscoll@eca.co.uk.qsi. Have sent you an email Rob

By: Rob.Driscoll@eca.co.uk.qsi

Rob.Driscoll@eca.co.uk.qsi — Fri, 10 Feb 2023 14:33:42 +0000

Mark please get in touch with me

By: Mark Oliver

Mark Oliver — Wed, 08 Feb 2023 15:26:24 +0000

It looks like an improvement but these metrics are not figures that many supply chain members will recognise or experience, whether for the median time to pay invoices or for the % of invoices not paid to terms. Here is my explanation as to why this might be the case:

• First the time to pay metric is based on average payment days by number of invoices rather than weighted by value of invoice. So, the metric can be lowered by paying a large volume of exceedingly small invoices quickly whilst paying the large value invoices a lot more slowly. An easy way to do this is to include credit card transactions and the re-imbursement your own employees expense claims in the measurements.

• Secondly, disputed invoices are not included in the measurement, so anything under certified or subject to a payless will be excluded from the calculation. This will impact the % on invoices not paid to terms as, if they are disputed, the do not feature in the calculation.

• Thirdly, retention payments are also currently excluded from the calculations.

By: 5y0yebzbmk

5y0yebzbmk — Wed, 08 Feb 2023 08:28:58 +0000

CN are to be commended for producing the payment table of shame. The table does not however include Public Clients, who are of course the worse for late payment. Be interesting to compare Contractors late payment to that of public employers.