Better Payment Practice

The Better Payment Practice Group

The Better Payment Practice Group is a cooperative forum of representatives of the business community and Government that seeks to help improve the payment culture amongst organisations trading in the UK.

Eris Associates has made the commitment to prompt payment and has been a signatory of The Better Payment Practice Code since 2004.

The Better Payment Practice Code was established in 1998 by business and government with the aim of improving payment culture amongst organisations trading in the UK. The Code is supported by both public and private sector organisations, which as a group represent about 20% of UK Gross Domestic Product.

By signing up to the code organisations agree to:

• Agree payment terms at the outset of a deal and stick to them
• Explain their payment procedures to suppliers
• Pay bills in accordance with any contract agreed with the supplier or as required by law
• Tell suppliers without delay when an invoice is contested, and settle disputes quickly