Supply Chain Payment Plan and Improvement Actions

This document is a guide detailing Exponential-e's Supply Chain Payment Plan and associated improvement actions. It outlines the company's commitment to timely payments to supply chain partners, emphasizing the importance of maintaining service continuity and fostering supplier relationships. The document describes the processes for handling supplier invoices, including the conditions under which part-payments may occur due to disputes. It also explains the regular reporting mechanism for payment practices, which is mandated by government regulations. The guide highlights the company's recent transition to a new accounting system aimed at enhancing payment efficiency. Furthermore, it identifies primary causes for delays in payments and outlines specific actions being taken to address these issues, such as improving internal processes and supplier communication. The document concludes with a note on the approval of the plan by the Chief Financial Officer, indicating ongoing efforts to monitor and improve payment practices.