Payment Performance Statistics

 

Back in the summer we informed you of the University’s statuary requirement to publish its payment performance statistics.

These statistics will be published from the next Financial Year onwards in the following format:

  1. the percentage of University of Kent’s invoices paid within 30 days
  2. the amount of interest paid to suppliers due to late payment
  3. the total amount of interest that the University of Kent was liable to pay (whether or not paid)

It is essential that we record and report this information accurately.

When you record the date that the invoice was received in the “Date rec’d” field in Agresso – highlighted in the screenshot – you must ensure that this is the actual date that the invoice was first received by the University of Kent, which may well be different to the current date.