Solutions

Professional Services

KEY INFORMATION Early Payment Service

STATUS - Active

Delivered in partnership with Oxygen Finance, NEPO521 Early Payment Service helps UK public sector organisations achieve efficiencies, whilst also supporting suppliers during challenging times.

Oxygen Finance is a specialist B2B payments business and the leading provider of early payment programmes, with vast experience in this area and award-winning service.

There are numerous benefits to implementing an early payment service:

For public sector organisations

  • Purchase-to-pay efficiencies and reduced costs 
  • Generates predictable income and savings  
  • Recognises one size does not fit all, and offers flexibility to adapt to spend category profiles and supplier demographics 
  • Supports the social value agenda  
  • Implementation and ongoing management supported by Oxygen Finance

For public sector suppliers

  • Supports cashflow during challenging times 
  • Benefits ripple down each tier of the supply chain 
  • Improved working relationship with contracting authority 
  • Fully automated cash-acceleration creates efficiencies 

For further information about NEPO's early payment service, contact corporate.services@nepo.org.

Resources:

To find out more about the benefits of adopting an early payment service, download the case study, South Tyneside Council: Early Payment Service.

NEPO has developed a guide to help public sector organisations understand the implementation process when initiating an early payment service. Download NEPO521 Early Payment Service: Implementation Guide.

Please contact NEPO if you have any queries or would like further information.

REFERENCE
NEPO521
START DATE
01/05/2020
CURRENT END DATE
30/05/2024
FINAL END DATE SUBJECT TO EXTENSION(S)
30/05/2028
CONTRACT AWARD NOTICE
2020/S 077-183175
SUPPLIERS
Oxygen Finance Limited
AVAILABLE FOR USE BY
All Associate Members/Member Authorities

KEY CONTACT

Michael Murray
Procurement Specialist

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