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With an annual spend of more than £160m on services for a local population of 245,000, Bexley Council introduced its Supplier Incentive Programme in January 2016 to support suppliers, many of whom are small local businesses.
Handling more than 10,000 invoices per month, the Council saw the opportunity to introduce an innovative early payment programme, which would deliver much-needed liquidity into the local supply chain, while also generating an additional revenue stream to invest in essential frontline services.
