KEYSIGHT TECHNOLOGIES UK LIMITED

Keysight UK standard payment term is net 45 days from the seller’s invoice date in case of third party supplier(s) with an exception of net 60 days for a limited number of supplier(s). Further, in respect of intercompany payables, Keysight follows a net settlement process wherein the net amount due (Intercompany payable minus Intercompany receivables) is settled in 70 days from invoice date.

Keysight UK has robust internal financial controls over the Accounts Payable process, primarily based around a Purchase Order (PO) system, and all external supplier invoice(s) are generally paid within agreed payment terms after performing internal financial controls check.

However, in some limited cases, invoices are put on hold when they do not pass internal financials controls check such as:

No PO in place for invoiced activity.

Invoice value is greater than approved PO value.

PO has expired or certain key terms don’t match between the invoice received and the PO, such as legal entity name, invoice currency etc.

There are cases where a supplier’s invoice is not received by the Accounts Payable team and a follow up query is received from supplier regarding payment. In such cases, the Accounts Payable team request a copy of the invoice from the supplier and process the payment after receipt of invoice.