Oxygen Finance helps councils respond to coronavirus and secure supply chains by accelerating cash to businesses

Across the UK local authorities are operating progressive payment practices to accelerate cash to the suppliers who need it most.

BIG NUMBERS are banded around, billions owed or tens of thousands of businesses being liquidated each year through payment issues, but please remember that behind each of those statistics are individuals, perhaps just 1 or 2 people but each has a family, a home and a livelihood. Losing your business can be devastating.

Oxygen Finance partners with Intrum

Award-winning early payment programme provider, Oxygen Finance is partnering with Intrum, Europe’s leading credit management services company to develop a modular payment and credit management solution for local government.

The Social Care Conundrum

Adult social care is at breaking point, a £3.5 billion funding gap is predicted by 2025 just to maintain existing levels of provision. In our latest blog John Betts looks at the options open to Government as they look for a long-term funding solution to a ‘politically toxic’ issue. John has 19 years’ experience in local government finance, including eight years as a Section 151 Officer.

Data insights

Time to change the way we think about paying suppliers

With 17 companies removed or suspended from the Prompt Payment Code, the crackdown on late payers has begun. It’s a positive move, and SMEs will welcome the stronger stance, but with more than 1000 businesses still failing to report on their payment performance, will it have the long-term impact needed?

Oxygen Finance and Warwickshire County Council win at Public Finance Awards

Oxygen Finance has won the Solutions Partner Award with Warwickshire County Council at the Public Finance Awards 2019.

The Awards, run by Public Finance, recognises the people, products and services that demonstrate excellence and originality within public finance.