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Better Payment Practice Campaign - Financial related Institutions

 

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.

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