London Borough of Brent, GB rewards quick invoice fulfillment with Brent FastTrack

London Borough of Brent, GB Brent FastTrack Quick Invoice

Complete

The borough partnered with Oxygen Finance on the streamlined invoice fulfillment system. Participating suppliers receive immediate payments upon invoice approval. This system applies a sliding rebate scale depending on processing speed ranging from 1.88% on the invoice receipt date to 0% at 30 days. Brent FastTrack helps suppliers balance their books without hassles while incentivizing quick borough responses with reduced expenses.

Finance Accounting Payment Processing Procurement

London Borough of Brent, GB

London borough in England

United Kingdom

Links

Oxygen Finance | Brent

Newsworthy

Brent Council - Boost for local businesses with new supplier programme

Council news: October 2019 - Brent Council is helping to improve cashflow for its suppliers, thanks to a new early payment programme called Fastrack.

Related Projects

Hamburg, HH eases awarding of contracts for innovative products and services

Pecos, TX adopts robotic process automation for financial management improvements

🚫 To join the discussion, sign up. It's free!

← View all projects by London Borough of Brent