Who are Islington Borough Council?
Islington BC are one of the thirty-two London borough councils. According to the 2011 census, there were approximately 13,200 residents living in this borough council.
What challenge did we help them resolve?
How is this government council helping pay its suppliers in as little as two days while benefiting financially? That’s what the Basware Pay option provides for companies: a secure online payment technology that gives buyers a small discount in return for paying their suppliers early.
Basware’s purchase-to-pay and e-invoicing network allows Islington Borough Council to issue payments quickly and seamlessly after invoice approval. It helps them accelerate invoice approval times without foregoing control and has been able to benefit a broad cross-section of their suppliers – from sole traders to multinational retailers.
Basware’s Scan and Capture Solution has enabled them to capture rebates, helping bring their accounts payable function a step closer to becoming cost neutral. Moreover, thanks to Basware’s tried and tested engagement approach with suppliers, they have been able to foster a mutually-beneficial culture of prompt payment which is part of good corporate citizenship: helping suppliers improve their cash flow.
Read the case study to learn more about:
The implications of prompt payment within the national UK context and the benefits for SMBs and
How Islington Borough Council has managed to minimize the impact of process change for their suppliers – thanks to Basware’s supplier activation process.