Payment of invoices to suppliers – BV8
The local target percentage of invoices for commercial goods and services, which are paid by the authority within 30 days of such invoices being received by the authority, is 99.60%.
The following table shows our achievement against the local targets:
|Achievement against local targets||2020-21||2021-22||2022-23|
|North Herts target %||99.60||99.60||99.60|
|North Herts actual %||99.80 (March 2021)||99.74 (March 2022)||99.31 December 2022)|
Purchasing cards facilitate both prompt payment and increased quality of service to our suppliers. Primarily aimed at low value transactions (under £250), these cards enable payments to be made to suppliers at the point of ordering, thus reducing the purchase to pay cycle and contributing towards the Council’s prompt payment targets.
If you are a current supplier to us and would like to consider being paid by this method, please contact us at firstname.lastname@example.org