Council Name

Early Payment Programme

 

An exclusive service for key suppliers

Request a call

Use the Get started button to sign-up today or request a call and one of our team will contact you.

Welcome to our Early Payment Programme

 

No chasing, no delays – just early payment

Welcome to our Early Payment Programme

 

No chasing, no delays – just early payment

Why are we introducing the Early Payment Programme?

Predictable, reliable early payment - targeted at day 10 - 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

Why are we introducing the Early Payment Programme?

Predictable, reliable early payment - targeted at day 10 - 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 Early Payment 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 10 for a 1.00% rebate. To see the full rebate table click on the Get Started button.

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?

 

XXXXCouncil 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?

 

You can now sign up to the programme by clicking the ‘Get started’ button.

 

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

Endorsements

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Full Name
Job Title

 

A key theme in the new procurement strategy is about enabling suppliers to do business with the Council and the Early Payment Program is one of the ways we will achieve this. This voluntary scheme will simplify the payment process and allow suppliers flexibility to meet their cash flow needs, the benefits of which can be passed down through the supply chain.

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Full Name
Job Title

 

A key theme in the new procurement strategy is about enabling suppliers to do business with the Council and the Early Payment Program is one of the ways we will achieve this. This voluntary scheme will simplify the payment process and allow suppliers flexibility to meet their cash flow needs, the benefits of which can be passed down through the supply chain.

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Full Name
Job Title

 

A key theme in the new procurement strategy is about enabling suppliers to do business with the Council and the Early Payment Program is one of the ways we will achieve this. This voluntary scheme will simplify the payment process and allow suppliers flexibility to meet their cash flow needs, the benefits of which can be passed down through the supply chain.

Request a call

Use the Get started button to sign-up today or request a call to talk through with one of our advisers

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

 

Copyright 2019 Oxygen Finance.