Payment Performance Improvement Action Plan 2025

This document is a Payment Performance Improvement Action Plan for the year 2025, outlining the commitments and actions taken by ANS Group to enhance payment practices. It details the company's objective to ensure timely payments to suppliers, aiming for at least 95% of payments to be made within 60 days. The document describes the progress made in 2024, including the implementation of a supplier onboarding process and automation of invoice processing. It also addresses challenges such as delays in invoice receipt and internal processing, providing statistics on payment performance throughout 2024. The action plan for 2025 focuses on modernizing the ERP system, improving invoice matching processes, and increasing the reconciliation of supplier statements. Additionally, it emphasizes the importance of ongoing education for approvers within the organization to support prompt payment practices. Regular monitoring and reporting on the progress of this action plan will be conducted to ensure accountability and continuous improvement.