Early electronic payment could save £800m

BUSINESS

Early electronic payment could save £800m

Local authorities could save £800m by paying suppliers early and adopting electronic invoicing systems, according to financial experts.

Local authorities could save £800m by paying suppliers early and adopting electronic invoicing systems, according to financial experts Oxygen.

The company's newly appointed chief executive, Roberto Moretti, told The MJ that Oldham MBC is set to generate £2m from the £73m it will spend with over the next four years after using the firm's new early payment programme.

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