How will the early payment impact the invoice submission process?
You will continue to invoice as normal; i.e., no process or system changes are required, other than processing the debit note that Warrington Borough Council will provide.
Will my existing terms and conditions change?
The Terms and Conditions for the Premier Supplier Service vary the payment terms applied to your Contracts. In all other respects, your Contracts remain in full force and effect.
How can I be sure you will charge the correct rebate?
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.
What changes do I need to make to my systems?
None.
How will early payment impact the payment process?
You will be paid automatically by Warrington Borough Council but the payment will be made as soon as an invoice is authorised, rather than waiting for the contracted payment due date. Warrington Borough Council will calculate the early payment rebate and deduct this from the approved amount.
Along with the payment, Warrington Borough Council will issue you with a debit note to the value of the deducted rebate.
How much will it cost to join?
There are no service charges, joining fees or hidden charges. The only fee you pay to participate in the programme is the agreed early payment rebate. In return for paying you ahead of contracted terms, Warrington Borough 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.
Is there a purchase order policy?
Warrington Borough 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.
What happens if I don’t want to join?
That’s OK. The Premier Supplier Service 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 Premier Supplier Service will be included in the Warrington Borough Council 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.