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Sony Music Wins Fast Payer Award for the third time
For the third year in a row, Sony Music UK has been presented with the prestigious Good Business Pays’ Fast Payer Accreditation Award, at a ceremony held in the House of Lords.
Good Business Pays first identified the characteristics shared by Fast Paying companies in 2021 and launched a campaign encouraging the UK’s largest companies to stop the practice of slow and late payments. They define a Fast Payer as a business that pays suppliers in less than 27 days (on average) and who also pay over 95% or more of their invoices on time, over a rolling 12-month period.
Chris Crellin, CFO at Sony Music Entertainment, said: “It was an honour to be recognised for our consistent efforts to ensure that our freelancers and small business suppliers are paid promptly. This award truly reflects our commitment to our company values by maintaining fair and timely payment practices. A big thanks to my team for all for the hard work that has made this achievement possible.”