SPECSAVERS OPTICAL SUPERSTORES LIMITED

Standard Payment Terms are 30 days, in addition, high volumes of monthly/quarterly Rental Payments are processed within 7 working days from Invoice upload as per Lease agreements between Specsavers Optical Superstores and Landlords. Efforts are being made with our Suppliers who currently invoice outside standard 30 days to agree to these terms. In addition, encourage Supplier to email PDF invoices to be processed in our P2P Invoice Processing solution with Basware, allowing our Suppliers to submit Invoices to one email address, meaning a central receipt of invoices into Accounts Payable from date of Invoice

All disputed invoices are referred back to the supplier to address and resolve. A disputed invoice is processed in our Accounting System and flagged as Disputed to ensure it is not picked up on the payment run. Once resolved and approved, the dispute flag is removed, allowing the invoice to be paid.