SAPIENT LTD (Company No: 03144067)

Reporting Period

1 July 2018 – 31 December 2018

Filing Date: On or before 31 January 2018

Approved by: Nigel Vaz

Payment Statistics

• Average time taken to pay invoices: 35 days
• Invoices paid:
  • Within 30 days: 79%
  • In 31 to 60 days: 15%
  • In 61 days or more: 6%
• Invoices due but not paid within agreed terms: 22%

Payment Terms

• Shortest standard payment period: Immediate
• Longest standard payment period: 30 days
• Standard payment terms:
  The supplier shall invoice the Company at the invoicing address set out on the purchase order. The Company’s terms of payment are 30 days following receipt of a valid invoice quoting the correct purchase order and job numbers for goods and/or materials delivered and/or services performed to the Company’s reasonable satisfaction. The Company may set off against any sums due to the supplier, whether under contract or otherwise, any lawful set-off or counterclaim to which the Company may at any time be entitled.
• Were there any changes to the standard payment terms in the reporting period? No
• Maximum contractual payment period agreed: 30 days

Note: References to 30 days in respect of standard and maximum contractual payment period are based on 30 days from the invoice date.

Dispute Resolution Process

Any disputes in respect of supplier payments are resolved by contacting the Accounts Payable Team via ukapinqiury@sapient.com. The Accounts Payable department will then assist further with the query and, if applicable, may escalate the matter to the legal team.

Other Payment Information

• Has this business signed up to a code of conduct or standards on payment practices? No
• Does this business offer e-invoicing in relation to qualifying contracts? No
• Does this business offer supply chain finance? No
• Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list? No
• During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list? No

Additional Information

• For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
• E-invoicing refers to systems where suppliers can electronically submit and track invoices, not just email them.
• Supply chain finance allows a supplier who has submitted an invoice to be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

• Sapient Ltd Payment Practices and Performance Report: July to December 2018
• A Deep Dive into Publicis Sapient’s Supplier Code of Conduct: Ensuring Ethical Partnerships in Digital Transformation
• A Deep Dive into Publicis Sapient’s Supplier Code of Conduct: Ensuring Ethical Partnerships in Digital Transformation
• L’équité salariale entre les genres dans la tech européenne : enjeux, défis et solutions (Europe)
• L’équité salariale entre les genres dans la tech européenne : enjeux, défis et solutions (Europe)
• El avance de las mujeres en la transformación digital: Perspectivas y oportunidades para ejecutivas en México (LATAM)
• Gender Pay Gap Transparency at Publicis Sapient: Progress, Challenges, and Commitment in the UK
• El avance de las mujeres en la transformación digital: Perspectivas y oportunidades para ejecutivas en México (LATAM)
• Gender Pay Gap Transparency at Publicis Sapient: Progress, Challenges, and Industry Context
• El avance de las mujeres en la transformación digital: Perspectivas y oportunidades para ejecutivas en México (LATAM)