Rochdale Borough Council

Priority Account Service

 

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 Priority Account Service

 

No chasing, no delays – just early payment

Welcome to the Priority Account Service

 

No chasing, no delays – just early payment

Watch Neil Thornton, Director of Resources at Rochdale Borough Council, talk about the Priority Account Service and the benefits it delivers.

What is the Priority Account Service?

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

What is the Priority Account Service?

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 Priority Account Service 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.

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?

 

Rochdale Borough 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?

 

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

Request a call

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

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

 

Copyright 2019 Oxygen Finance.