Our Banking and Finance Framework (FSPF-01) offers UK Public and Private Sector organisations the opportunity to benefit from pre-vetted, award winning financial services.
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With approx. 25% of UK Local Authorities utilising its predecessor to procure their Banking and/or Merchant Services, this updated Framework provides Public Bodies with direct access to leading edge financial services from the winning bidders at leveraged rates, thus avoiding the need for organisations to run their own tenders, with anticipated savings for Merchant Services in the region of 30% per year, as an example.
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All UK Public Bodies are eligible to access this Framework free of charge and with no usage obligations. Contact us today for your complimentary report on the potential savings and/or service improvements your organisation could achieve.
Invoice Validation Service
Also included in the Framework is the CPRAS Invoice Validation Service.
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Checking financial service charges must be done on a transaction-by-transaction basis and for every transaction there are many variables which determine price. Finance Departments are therefore limited to checking “headline” data, such as validating that the total value of transactions that are being charged for matches the value of receipts.
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However, CPRAS has developed the technology needed to cross-check every transaction fee and check for discrepancies.
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This service recently resulted in a District Council being refunded for an £8,000 overcharge. And the best part - the Council only needed to become involved when they were notified the refund was on it's way to them. CPRAS handled every stage of the identification and resolution process directly with the supplier on their behalf.