Supplier Incentive Scheme (SIS)
The Supplier Incentive Scheme (SIS) is an early payment programme that gives suppliers the opportunity to be paid earlier than contracted terms. It also allows us to improve our payment processes.
The scheme gives you the option to be paid as soon as the invoice is authorised, ahead of your 30-day terms. You'll need to pay a small, pre-agreed rebate which is applied as the invoice is paid. The rebate is proportionate to the number of days we accelerate the payment by. We aim to pay you on day 10. The rebate is only applied if the invoice is paid earlier than 30 days.
The benefits of the scheme
We believe that strong supplier relationships are essential in achieving our strategic goals. We recognise early payment can make a significant impact on the growth and development of your business. With this scheme, you’ll benefit from improved cashflow, and reduced time spent chasing payments.
Our partner
We are working with Oxygen Finance; the leading provider of early payment programmes in the UK. It collaborates with councils across the UK and thousands of suppliers participate in its early payment programmes.
Next steps
There is an option to join the programme online – it is a simple and straightforward process that only takes a couple of minutes to complete.
Find out more about the programme. Alternatively, email centralbedfordshire@oxygen-finance.com.