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Barnsley Council

Premier Supplier Programme

 

An exclusive service for key suppliers

Request a call

Use the form below to request a call from one of our team.

Welcome to our Premier Supplier Programme

 

No chasing, no delays – just early payment

Welcome to our Premier Supplier Programme

 

No chasing, no delays – just early payment

What is the Premier Supplier Programme?

Predictable, reliable early payment - as early as day 7 - in exchange for a small, pre-agreed rebate

Fast-tracked invoice processing and dedicated contacts for queries

Easy sign-up process and no system changes needed

What is the Premier Supplier Programme?

Predictable, reliable early payment - as early as day 7 - in exchange for a small, pre-agreed rebate

Fast-tracked invoice processing and dedicated contacts for queries

Easy sign-up process and no system changes needed

How Does it Work?

 

The Premier Supplier Programme enables your invoices to be paid ahead of contractual payment terms in exchange for a pre-agreed rebate. The rebate is applied dynamically as the invoice is paid and is proportionate to how many days we accelerate your payment by.

 

To calculate the invoice acceleration, we use the number of days between invoice received date and invoice remittance date. The rebate is only applied if invoice acceleration is achieved.

 

This means you will be paid as soon as the invoice is authorised and we will issue a debit note to the value of the deducted rebate. The debit note quotes your original invoice reference to enable you to reconcile your account.

 

As shown in the accompanying diagram we aim to pay you on day 7 for a 1.25% rebate. 

What are the benefits?

Improved cashflow enabling you to plan ahead and grow your business

Hassle-free service and fast-tracked processing - no chasing, no delays

Increased visibility with the council and stronger relationships

What are the benefits?

Improved cashflow enabling you to plan ahead and grow your business

Hassle-free service and fast-tracked processing - no chasing, no delays

Increased visibility with the council and stronger relationships

Who provides the service?

 

Barnsley Council is working with Oxygen Finance to deliver this programme.

 

Oxygen Finance is a specialist provider of payment solutions and the leading provider of early payment programmes. To find out more visit the Oxygen website.

What happens next?

 

 

Set-up is quick and straightforward and there is dedicated support on hand if you have any queries or need additional help.

Council endorsements

Sarah Norman, Chief Executive Barnsley Council

Sarah Norman
Chief Executive

 

“Getting the best value for the Council whilst also enabling suppliers to take advantage of early payment is a very positive development.”

BMBC - Steve Houghton

Sir Steve Houghton
Leader of the Council

 

“The Premier Supplier Programme helps the Council in meeting one of its key priorities of growing the economy by helping our suppliers with their cash flow.”

BMBC - Neil Copley

Neil Copley
Service Director – Finance

 

“I am very pleased to support the Premier Supplier Programme.”

Request a call

Use the form below to request a call to talk through with one of our advisors

Barnsley Council has partnered with Oxygen Finance to deliver this programme.

 

Copyright 2019 Oxygen Finance.