Supplier Payments

Vercity is committed to paying all of its supply chain partners on time and in accordance with mutually agreed terms. We remain focused on continuously improving our processes and procedures to enhance payment performance, accuracy, transparency, and the overall supplier experience.

We encourage all our suppliers to follow good payment practices and work collaboratively with their own supply chains to promote fair and responsible payment behaviours. We are committed to ensuring suppliers are paid on time and are provided with clear payment guidance to support efficient invoice processing and prompt payment.

We engage proactively with suppliers to ensure invoices contain all the information required for timely processing and payment. This guidance is made available to all new suppliers and is accessible on our website. Where invoice queries arise, we work with suppliers promptly to resolve issues and minimise delays.

Vercity monitors payment performance regularly and, as part of our commitment to continuous improvement, our finance teams work closely with the wider business to identify the root causes of any payment issues and implement corrective actions where necessary.

We provide regular reporting on payment performance to senior management, ensuring that unresolved issues are appropriately escalated and addressed. This supports our objective of maintaining strong supplier relationships and meeting our payment commitments. We remain committed to transparency and accountability in our payment arrangements and to supporting a healthy and sustainable supply chain.