Better
Payment Practice Campaign - Better payment practice and credit management
About
The Better Payment Practice Campaign
The
Better Payment Practice Group promotes a better payment culture
within the United Kingdom and urges all firms to adopt a responsible
attitude to paying on time. Companies can support their work by
signing up to the Better Payment Practice Code, and agreeing to
uphold the four cornerstones of prompt payment:
- Agreeing
payment terms at the outset of a deal and stick to them;
-
Explaining payment procedures to suppliers;
-
Paying bills in accordance with any contract agreed with the supplier
or as required by law; and
-
Telling suppliers without delay when an invoice is contested,
and settle disputes quickly.
By
agreeing to terms and singing up to the Better Payment Practice
Code, businesses send a clear signal to their customers and suppliers
of their commitment to good credit management and paying on time.
Signatories
receive a certificate showing their commitment to the Code and their
name is added alphabetically and by sector to our database. Signatories
are also able to display the Better Payment Practice Group logo
on their marketing material.
There
is also the option of adding your contact details and website so
users who want to find other companies that support the Better Payment
Practice Code can find out more about your business.
Contact
OCIS
provide general financial information, we urge you to consult an
Independent
Financial Adviser ( IFA )
before making any important decisions about your finances. |
