Please Sign-In to Access this Report

To access other reports on the platform please sign in with your username and password, or register for a free account to get unlimited access and insight customized for you.

Report Crown Commercial Service How Public Sector Organisations Utilise Early Payment Solutions

How Public Sector Organisations Utilise Early Payment Solutions

There are many influential factors regarding the payment of Government suppliers.

The UK Government Prompt Payment Policy – where 80% of Central Government suppliers are paid in 5 days, and the remainder within 30 – is a key driver, in conjunction with the Public Contracting Regulations (2015), which stipulate all approved invoices be paid in 30 days. These baselines can sometimes be difficult for public organisations to attain. However, utilising an early payment offering not only eases these tensions, but it can provide the customer significant primary benefits.

Report Snap Shot

Chapters in this guide include:

  • Early payments - a solution
  • Supply chain finance
  • Dynamic discounting
  • Hybrid model
  • Case study: NHS Prescription Services