SIEMENS MOBILITY LIMITED

To meet the expected thresholds in the Procurement Policy Note an extensive review of supplier terms has been carried out to evaluate payment terms considering the fair treatment of all our suppliers. Consolidated by a change in our payment process this has enabled us to achieve average payment days of 21 days and 95% of all payments made within 60 days.

3rd party payment terms usage :Payable in 60 days 45%, Payable in 30 days 25%, Payable in 90 days 1%, Payable in 28
Days 18%, Payable in 45 Days 6%, Payable in 14 Days 2%, Payable in 96 Days 2%, Payable in 0 Days 1%, Payable in 180 Days 0%

Early settlement discounts are applied as agreed with the suppliers and range from 1% to 3% based upon the timing of payments. During the reporting less than 1% of the overall transactions showed pre-agreed discounts with the suppliers.

1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone/e-mail/supplier portal. Relevant details are on Purchase Orders. A) Tel: 0845 602 6873 b) E-mail apsupport-gbandi.in@siemens.com
2) AP liaise with supplier to obtain and process missing invoices
a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or
returned to suppler)
3) AP liaise with suppliers to confirm payment details (past and upcoming)
4) AP liaise with approvers to release overdue invoices for payment
5) Special team deals with ‘final demand’ cases and legal notices