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NEPO has launched a nationally available solution for public sector organisations to access early payment services.

NEPO521 Early Payment Service was procured by South Tyneside Council, on behalf of NEPO, and offers the following benefits:

• Tangible value to buyers and suppliers through progressive payment strategies.
• Improves suppliers’ cashflow through early payments.
• Helps the public sector to meet social value targets regarding supplier payment terms.
• Creates efficiencies through e-invoicing and optimisation of P2P processes.

Oxygen Finance Ltd have been appointed as sole supplier to NEPO521 Early Payment Service. The framework agreement commenced 1 May 2020, for an initial four-year period, with an option to extend for a further 2 x 24 month period.

Michael Murray, Category Specialist at NEPO yesterday said:

“NEPO521 Early Payment Service has been developed to help public sector organisations and their suppliers achieve efficiencies within their invoicing and payment processes. We are delighted to have appointed Oxygen Finance to deliver this solution.

“Oxygen Finance is a specialist B2B payments business and the leading provider of early payment programmes, with their vast experience in this area and award-winning service, Oxygen Finance are well placed to help our members achieve benefits.”

Visit the NEPO website to find out more and request further information.