Sefton Council
The Sefton Payment Acceleration Programme
An exclusive service for key suppliers
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
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
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
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.
Request a call
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.
