Accelerated Payment Solutions

Tender description

A replacement of Supplier Early Payment Solutions RM6001. The aspiration is to deliver a commercial solution that offers a comprehensive suite of early payment solutions to the entire public sector. The overall solution is in its design phase and will include Supply Chain Finance (SCF), Dynamic Discounting (DD) and will look to expand the list of services if the merits can be demonstrated for the public sector. The agreement will also seek to deliver ancillary services to public sector customers that will aid the implementation and or the maximisation of the benefits delivered. Lot 1: Accelerated Payment Solutions: Supply Chain Finance CCS is focused on delivering an innovative and comprehensive early payment solution that covers all the needs of public sector customers. CCS wishes to work with the supplier base within the early payment market to ensure the solution is market leading. At this stage the possible requirements are broad with the core services of SCF and DD defined but with scope to include other areas such as Employee early payment and ancillary services such as e-Invoicing. CCS seeks to hold comprehensive market engagement with further details below on how to register for the process. Once they become available, the ITT documentation for this procurement may be freely accessed here: https://www.crowncommercial.gov.uk/agreements/upcoming Additional information: The Authority intends to use an e-Tendering system in this procurement exercise and is considering the use of an e-auction. Lot 2: Accelerated Payment Solutions: Dynamic Discount Accelerated Payment Services will enable suppliers to choose to receive early payment for their invoices in exchange for a discount or charge against the invoice value.