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Drive accounts payable efficiency, generate additional income and deliver social value.
Ellie RushtonOperational Support Analyst
Oxygen’s dynamic discount solution gives you predictable, on-going cost savings. You can adjust the early payment discount to create the right P&L benefits, whilst still delivering early payment of supplier invoices.
Offer your suppliers a range of payment options to suit their needs.
Support your supply chain by using Oxygen’s early payment programmes to pay suppliers ahead of payment terms, growing contractors’ liquidity and shrinking their financing costs.
Oxygen’s process improvement and supplier onboarding teams are ready to help you start and grow your programme, encouraging suppliers to sign-up with our win-win model and lock-in your guaranteed cost saving from early payment discounts that you control.
Be a responsible payer by running an early payment programme, and comply with payment legislation at the same time.
You can use our FreePay program to pay smaller suppliers for free without charge, delivering on your social value obligations.
Oxygen Finance's proven technology is trusted by major organisations, from the public sector to FTSE 100 businesses.
Unlike factoring or supply chain finance solutions, you don’t need to use external funding to power your early payments programme.
Extremely professional and organised project management, with great support from Oxygen’s team.
Excellent support and knowledge with a genuine, friendly, can-do approach.
Bexley is now among the fastest paying councils in the country. Both the council and our suppliers are now reaping the rewards. Our internal processes are now second to none, with our ‘no PO, no pay policy’ being particularly significant in improving efficiencies.
FastTrack benefits suppliers with hundreds of firms receiving payments quickly and efficiently. This shows how well the process works. We are seeing more firms signing up all the time as they realise that getting paid fast can be a lifeline, especially if they can access the FreePay option.
In these uncertain times, the programme we have put in place with Oxygen Finance, puts us in a great position to support local business.
As a Council, we want to be a good partner. Now, more than ever, prompt payment and cash flow are crucial to support our supply chain.
This programme is a win-win. Businesses get paid quicker and the council generates an income stream to protect frontline services. We chose Oxygen Finance because there are no upfront costs and they don’t get paid unless the programme succeeds. That is essential when funding is so stretched.
We create the invoices in the same manner, but from then it speeds up. We can get paid in three days. There’s no factoring involved. The only thing it costs is a small percentage of the total value. It’s worth every penny.
We decided to sign up for the programme as it made sense. Sherwood benefit from accelerated payments, and invoice processing issues have now been quickly resolved.
We are pleased to be extending our membership with the programme.
Our invoices are paid quicker, supporting our cash flow and reducing the need for more expensive forms of finance.
The introduction to the programme was clear, and time spent by accounts receivable on payment queries has significantly reduced, as invoices are paid as soon as they are approved.
Financial technology delivering social value. Oxygen specialise in early payment, the procurement process and public sector insight.