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Accelerate payment to the small and micro suppliers who need it the most and deliver social value.
Helina LadProcess Improvement Consultant and Social Value Lead
Concerned about the social impact of your purchasing decisions, but don’t know where to start?
With FreePay you can support local activities, transform the experience of suppliers and advance the social impact of your part of the public sector.
Using a clear, established process, FreePay can be introduced quickly into your finance systems.
Oxygen’s team works with yours to define your social criteria and identify eligible suppliers. Suppliers are then approached and enrolled.
Payment is only made once all approvals have been met and is fully automated, freeing up your accounts payable team’s valuable time and resources.
A dashboard displays your payment performance against the strategy set for each supplier.
Rather than levy a discount on suppliers, FreePay allows buyers to pay small business invoices early without a charge.
FreePay supports your social value agenda and local economies by injecting vital liquidity into small and micro firms.
Our experts can work with you to determine the eligibility criteria that best meets your social procurement objectives.
FreePay can run alongside with Oxygen's early payment programmes for larger suppliers, serving your entire supply base.
As a small business, good cash flow is essential, yet there are often challenges getting paid from larger corporates, with some operating at ninety days.
Payments have always been quick, but now they are even quicker, often within two or three days which is brilliant.
Financial technology delivering social value. Oxygen specialise in early payment, the procurement process and public sector insight.