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KEY INFORMATION

Early Payment Service

STATUS - Active

REFERENCE - NEPO521

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 

 

REFERENCE NEPO521

START DATE 01/05/2020

CURRENT END DATE 30/04/2026

FINAL END DATE SUBJECT TO EXTENSION(S) 30/04/2028

CONTRACT AWARD NOTICE 2020/S 077-183175

AVAILABLE FOR USE BY All Associate Members/Member Authorities

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