Sefton Council

The Sefton Payment Acceleration Programme

 

An exclusive service for key suppliers

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    Welcome to the Sefton Payment Acceleration Programme

     

    No chasing, no delays – just an accelerated payment

    Welcome to the Sefton Payment Acceleration Programme

     

    No chasing, no delays – just an accelerated payment

    Watch Margaret Carney, ex-Chief Executive at Sefton Council, talk about Sefton Payment Acceleration Programme and the benefits it delivers.

    Why are we introducing the Sefton Payment Acceleration 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 Sefton Payment Acceleration 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 Sefton Payment Acceleration 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.

    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?

     

    Sefton 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.

    Endorsements

    Stephan Van Arendsen - SC.jpg

    Stephan Van Arendsen
    Head of Corporate Services

     

    The Sefton Payment Acceleration Programme will give organisations the opportunity to get paid quicker, improve the purchasing process for the council and suppliers, and support best use of council resources in order to protect front-line service delivery.

    Jan McMahon - SC

    Jan McMahon
    Head of Strategic Support

     

    The Sefton Payment Acceleration Programme is an important initiative for the Council and its suppliers. The Council benefits from increased efficiency and productivity from optimised P2P processes and digitised back office systems, and this investment enables suppliers to benefit from early payment.

    Peter Moore - SC2

    Peter Moore
    Head of Highways and Public Protection

     

    The Sefton Payment Acceleration Programme benefits everyone and it fits really well with our council-wide Business Friendly Sefton approach, helping supplier’s cash flow and reducing time spent chasing payments.

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

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

       

      Copyright 2019 Oxygen Finance.