Early Payment Discount for Suppliers

Supply2Sheffield Pay Plus is an early payment programme that will give you the opportunity to be paid earlier than contracted terms, while also enabling us to improve payment processes and generate savings.

It 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 (i.e. 20 days ahead of schedule) and the rebate is only applied if the invoice is paid earlier than 30 days.

Why we have chosen to introduce Pay Plus

We chose to launch an early payment programme as it delivers multiple benefits. You will benefit from:

• improved cash flow
• greater visibility across the Council
• reduced time spent chasing payments

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 Pay Plus programme demonstrates our commitment to that and we recognise early payment can make a significant impact on the growth and development of your business.

Find out more

Please contact procurement@sheffield.gov.uk for more information about the programme and benefiting from it.

You may receive a direct telephone call from Oxygen Finance to explain more about the programme and/or an email enabling you to join the programme online too – it is a simple and straightforward process that only takes a couple of minutes to complete.