Résultats de recherche
The problem. Accounts Payable needs to maintain the Better Payments Practice Code (“BPPC”) at 95% because otherwise we don’t meet the targets set by the Department of Health and Social Care. It is also particularly important to make prompt payments to suppliers, especially during a pandemic.
Improvements to BPPC 20-21. We noticed that our BPPC figures fell last year. After looking through the failed invoices we noticed that a lot of low value high volume invoices were failing by only 1-2 days. Our average number of invoices processed each Month is 22,000 and this peaked at Year end to 28319 – The whole AP contributed to the ...
Better communication and collaboration: By including a BPPC KPI on financial reports sent to each area, non-finance staff understand of the importance of timely invoice payment and how it impacts the trust. We expect this to lead to improved collaboration between departments and a greater sense of shared responsibility for financial outcomes.
Improvements to BPPC 20-21 Jaskeerat Bamrah | 3 years ago. We noticed that our BPPC figures fell last year. After looking through the failed invoices we noticed that ...
How can we promote timely goods receipt of purchase orders by end-users to ensure efficient matching and payment of on-hold invoices with minimal manual intervention, meeting the BPPC target? The outputs. In the first three weeks (since implementation) the bot has reviewed 1,512 cases of invoices on hold. Of these 1,204 have resulted in an ...
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Accurate invoices raised, authorised promptly and paid within the supplier’s terms of 14 days which helped accounts payable achieve its BPPC target. Greater accuracy in calculating monthly and cross-year expenditure accruals. Reduction in the need for Medinet to raise credit notes as any discrepancies are resolved within a week.
Better payment practice code improvement
Improved BPPC performance. The outcomes. Benefits have been realised throughout: the AP team; financial management reporting as invoices are processed quicker and better. The impact is seen in KPIs such as BPPC which benefit the reputation of the trust with suppliers.
Innovation L1I. he InnovatorsThis innovation was led by our in-house Accounts Payable team working in partnership with the in-house Financial Systems Ofice team and treasu. .The problemAccounts Payable needs to maintain the Beter Payments Practice Code (“BPPC”) at 95% because otherwise we don’t meet the targets set by the Department of ...
