Payment Performance Improvement Action Plan 2026

This document is a Payment Performance Improvement Action Plan for the year 2026, outlining ANS Group's commitment to enhancing payment practices. The document details the actions taken by ANS to improve payment performance, including investments in systems and processes to meet a target of paying at least 95% of suppliers within 60 days. The plan addresses modernization of the ERP system, automation in invoice processing, and a robust supplier onboarding process. It also discusses challenges such as delays in invoice submissions and internal processing issues. The document emphasizes the importance of ongoing training for personnel involved in invoice approvals to ensure timely payments. Additionally, it sets specific targets for supplier statement reconciliations and aims to increase the reconciliation rate from 70% to 85%. Regular monitoring and reporting on progress against this action plan will be conducted every six months to maintain oversight and accountability.