Halton Borough Council

Supplier Incentive 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 the Supplier Incentive Programme

 

No chasing, no delays – just early payment

Welcome to our Supplier Incentive Programme

 

No chasing, no delays – just early payment

Watch Eve Turkington, Lead Supplier Incentive Programme Officer at Halton Borough Council, talk about the programme and the benefits it delivers.

What is the Supplier Incentive Programme?

Predictable, reliable early payment - targeted at day 5 - 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 Supplier Incentive Programme?

Predictable, reliable early payment - targeted at day 5 - 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 Supplier Incentive 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 5 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?

 

Halton 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 web site.

What happens next?

 

Request a call to speak to one of our team and they will take you through the next steps.

 

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

Endorsements

EdDawson

Ed Dawson
Operational Director, Finance

 

“The Supplier Incentive Programme brings important benefits for our suppliers and the Council in the current economic climate.”

Ian Leivesley

Ian Leivesley
Strategic Director, Enterprise, Community & Resources

 

“Our Supplier Incentive Programme helps the Council to meet one of its key priorities of growing the economy by helping our suppliers with their cash flow.”

Tervors

Steve Lightowlers
Credit Control Manager, Trevors Foodservice

 

“In my opinion the Supplier Incentive Programme is a very swift and easy way to obtain payments in full. This is an excellent service you offer and gives businesses like ourselves a consistent regular weekly bulk payment, which helps with the cash flow a business requires.”

Request a call

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

View the Brochure

Halton Borough Council has partnered with Oxygen Finance to deliver this programme.

 

Copyright 2019 Oxygen Finance.