Case Study
Islington Borough Council Promotes Prompt Payment With Basware Pay
CASE STUDY: Islington Borough Council ISLINGTON BOROUGH COUNCIL PROMOTES PROMPT PA YMENT WITH BASWARE PA Y CUSTOMER: INDUSTRY: Public Sector LOCATION: London BASWARE SOLUTION: Basware Pay BECOMING AN EXEMPLAR OF PROMPT PA YMENT Islington Borough Council is firmly committed to prompt payment of its suppliers, particularly smaller businesses which are the backbone of the UK economy. It pays 95% of invoices within settlement terms and has a policy of paying local suppliers within 10 days. As a prime funder of its supply chain, the forward-thinking council was looking to innovate its payment processes to increase supplier choice and strive for excellence in its Accounts Payable function. The council had a long-established relationship with Basware, through the use of