What is Oxygen?

Oxygen is an innovative new transaction processing and payment solution, that enables finance and procurement teams to be more effective and efficient and creates new financial benefits from the sourcing to payment process.

Oxygen generates benefits for suppliers by unlocking hidden costs in the payment process:-

• guaranteed settlement on a day certain increases cash flow
• 3-day early settlement option reduces Days Sales Outstanding
• utilises customer credit rating to secure lower cost financing of supplier receivables
• lowers accounts receivables effort and cost
• increases sales volume through greater customer contract compliance

Oxygen returns the benefits to the customer by converting savings into cash rebates:-

• realises untapped cost savings in the financial supply chain
• converts price discounts into consolidated monthly rebates
• returns rebates to a central budget to prevent budget holder re-spend
• monthly HMRC approved statement automates VAT reclaim
• advanced spend controls can restrict purchasing activity by supplier, product or value
• single monthly statement reduces accounts payable costs

Oxygen tracks the benefits by accurately measuring performance:-

• cash rebates provide accurate measurement of procurement benefits
• provides proof of procurement savings to cost centre level
• full visibility of spend at product line level
• accurately measures contract compliance
• delivers high quality management information