Suppliers, help the council pay you quicker
Hertfordshire County Council recognises the importance of cash flow to all companies, especially small firms and has a clear policy to pay bills in accordance with the terms of the contract.
To help us pay quickly, we now pay suppliers through Bankers Automated Clearing Service (BACS). At the same time we will email you the remittance advice.
The benefits to you are:
Payment is made directly into your account
You spend less time handling and banking than if paid by cheque (e.g. completing paying book, register, cash book etc.
You don’t need to make a trip to the bank
You don’t need to wait for the cheque to be cleared
Prompt payment means that you can use the money straight away as “cleared funds”
If paid into an interest bearing account it also means that you are earning interest earlier
The money transfer is secure. With a cheque there is always a risk that this may go missing
To achieve these benefits HCC has started a campaign to pay all of its suppliers by BACS. You can help to make sure your invoices are paid promptly by including details of your Bank Account and the email address you want to receive the remittance advice on.
For more details contact -
supplier.manager@hertscc.gov.uk