Enhancing Payment Processes for Local Authorities: Best Practices for the New Financial Year

As you embark on a new financial year, optimising payment processes becomes crucial to ensure efficiency, compliance, and financial integrity. Many councils are affected by their outdated systems, the increase in fraud, and any new initiatives that they may need to comply with.  

Implementing payment strategies can streamline accounts payable and receivable, reduce errors, and enhance operational efficiency. Watch this 30-minute on-demand webinar, in which Jill Turner, Business Development Manager from East Midlands Shared Services, discusses how they modernised their payment system and have taken steps to reduce their risk of fraud.  

Key Takeaways: 

Alongside the Q&A, industry expert Richard Ransom, lays out important things to consider this financial year including:     

• Strengthening financial controls: Learn how to implement robust payment processes that enhance accuracy and compliance.  
• Mitigating fraud risks: Understand the importance of Confirmation of Payee (CoP) in protecting council funds. 
• Staying compliant: Gain insights into adhering to Direct Debit regulations and managing indemnity claims effectively.  
• Embracing innovation: Discover how Variable Recurring Payments (VRPs) can offer flexible payment solutions to meet the evolving needs of customers.