The Premier Supplier Partnership is an early payment programme that gives council suppliers the opportunity to have invoices paid by Walsall Council earlier than contracted terms, while also enabling us to improve payment processes and generate savings.
What is the Premier Supplier Partnership?
The Premier Supplier Partnership gives you the option to be paid as soon as the invoice is authorised, and ahead of your 30-day terms, in exchange for a small, pre-agreed rebate.
The rebate is applied as the invoice is paid and is proportionate to how many days we accelerate the payment by. Payment is targeted at day 10 and the rebate is only applied if the invoice is paid earlier than 30 days.
Why have we introduced the Premier Supplier Partnership?
We chose to launch an early payment programme as it delivers multiple benefits ― you will benefit from:
The council benefits from improved operational effectiveness from digitising back-office functions and optimising P2P processes.
We believe that strong supplier relationships are essential in achieving our strategic goals and the Premier Supplier Partnership demonstrates our commitment; we recognise early payment can make a significant impact on the growth and development of your business.
Who are we working with to implement this programme?
We are working with Oxygen Finance to deliver this programme. Oxygen Finance is the leading provider of early payment programmes in the UK. The company works with councils across the UK and thousands of suppliers participate in Oxygen Finance programmes.
What happens next?
You may receive a telephone call from Oxygen Finance to explain more about the programme and/or an email enabling you to join the programme online ― it is a simple and straightforward process that only takes a couple of minutes to complete.
In the meantime, please visit the Walsall Council Premier Supplier Partnership website to find out more or email email@example.com