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Sony Music wins Good Business Pays’ 2022 Fast Payer Award
Sony Music Entertainment Ltd is awarded the Fast Payer Award for 2022.
About the Fast Payer award
Each year, Good Business Pays give Fast PayerAccreditation Awards to companies that qualify based on their payment terms to suppliers – using the data companies supply to BEIS as part of the Payment Reporting Regulations.
Good Business Pays describe the winners as businesses who, “respect their suppliers, paying them fast and on time. They realise the value of true supplier partnerships and the integrity of the supply chain”.
Chris Crellin, Sony Music Entertainment CFO, says: “We are delighted to have been awarded the ‘Fast Payer Award’. We rely on external suppliers for much of the support we provide our artists and we know the importance of making payments quickly and efficiently to ensure that small businesses can continue to thrive. This is testament to the brilliant team here at Sony Music and I’m proud they have been recognised for their efforts in responsible business payment practice.”
About Good Business Pays
Good Business Pays campaign to encourage the UK’s largest companies to fast track payments to small suppliers, helping them bounce back from the COVID-19 pandemic and injecting vital capital into the economy. To be recognised as a Fast Payer, companies need to pay their suppliers in less than 30 days (on average) and pay over 95% of their invoices on time over a rolling 12 month period.