Source: Royal Bank of Scotland
The Royal Bank of Scotland Group (RBS) today announces that Lambeth council are now live with RBS's e-Invoicing service - this allows the council to reduce the cost of receiving, processing and paying invoices.
The new service means Lambeth council can further improve services to suppliers, ensuring payments are made on time, with no lost invoices and a clear audit trail. This also includes compliance with Lambeth council's purchase order policy for all goods and services.
The RBS e-Invoicing service is integrated into Lambeth council's Oracle ERP system, with all purchase orders and invoices delivered through the RBS e-Invoicing hub. The service is fully VAT compliant, so both Lambeth council and their suppliers can rest assured that their documents comply with HMRC rules.
Colin Lowen, Director, Local Government, Corporate & Institutional Banking, Global Transaction Services, RBS, said: "We are delighted to work with Lambeth council in helping create efficiencies, whilst also reducing their carbon footprint. Providing solutions to local authorities has been key for us and this is the third council to successfully take on our e-Invoicing solution."
Lambeth Cabinet Member, Councillor Paul McGlone said 'The council already performs well on paying invoices on time, and this new initiative allows us a further benefit our supply chain, which includes many small, local businesses in a sustainable and environmentally friendly way.'
RBS e-Invoicing provides a flexible, secure, online document exchange service. By automating payables and receivables processes - from the distribution of purchase orders, handling of disputes to invoice creation, receipt and approval - organisations can benefit from greater efficiency and enhanced control over cash flow.