To find out more about the Early Payment Scheme, please complete the form below to request a call and one of our team will contact you.
Oldham Council has partnered with Oxygen Finance to deliver this programme.
To enable us to process your invoices effectively and to deliver early payments you will be required to email invoices in a text PDF format. All invoices should be sent to firstname.lastname@example.org.
If you do not currently use e-invoicing there are a number of options. Find out more in our e-invoicing guide.
The Terms and Conditions for the Early Payment Programme vary the payment terms applied to your Contracts. In all other respects, your Contracts remain in full force and effect.
The process is transparent and the relevant information (the percentage fee and the number of days your payment has been accelerated) will be printed on the debit note to enable you to validate all calculations.
You will be paid automatically by Oldham Council but the payment will be made as soon as an invoice is authorised, rather than waiting for the contracted payment due date. Oldham Council will calculate the early payment rebate and deduct this from the approved amount.
Along with the payment, Oldham Council will issue you with a debit note to the value of the deducted rebate.
There are no service charges, joining fees or hidden charges. The only fee you pay to participate in the Service is the agreed early payment rebate. In return for paying you ahead of contracted terms, Oldham Council will apply a rebate which will be deducted at an individual invoice level. The rebate is entirely dynamic, driven by the exact acceleration achieved on that invoice.
Oldham Council already operate a ‘no purchase order, no pay’ policy. In addition to the multiple compliance benefits, this policy helps speed up the invoice approval process. Please ensure that you quote the PO number on your invoices for efficient handling. Failure to quote the correct number will result in delays in the processing of your invoice.
That’s OK. The EPS is a voluntary initiative. Suppliers who choose not to join will continue to submit invoices as they currently do and they will remain on their existing contracted payment terms. Going forward, the EPS will be included in Oldham Council’s tendering process. Therefore, all suppliers who are currently being paid in less than 30 days will be migrated to standard contract terms of payment on the 30th day.
Invoices should be submitted in the usual way. If you are signed-up to use the Coupa Supplier Portal, the process is as follows:
For more information, read the How to create an invoice guide.
You can’t submit invoices without an associated PO.
Any documentation that is not associated directly with an invoice should be sent to your usual Pearson contact.
No additional software is required to participate in the Priority Account Service (PAS).
We will pay you automatically as soon as an invoice has been authorised rather than waiting for the contracted payment due date.
The process will be transparent and the relevant information (the percentage fee and the number of days your payment has been accelerated) will be printed on the debit note so that your finance function can validate all calculations.
The terms and conditions for the PAS vary the payment terms applied to your contracts. In all other respects, your contracts remain in full force and effect.
There are no service charges, joining fees or hidden charges. The only fee you pay to participate in the service is the agreed early payment rebate. In return for paying you ahead of contracted terms, Pearson will apply a rebate which will be deducted at an individual invoice level. The rebate is entirely dynamic, driven by the exact acceleration achieved on each invoice. The PAS is an entirely results based service and the rebate is only taken when payment is made early.