On Time, Every Time: Strategies to Improve Vendor Payment Processes

Has your government ever struggled to get vendor payments out the door in a timely manner?   

Promptly paying the vendors and service providers that provide essential goods and services to communities isn’t just an administrative task for finance or accounts payable; it’s foundational to procurement teams delivering public value and a powerful signal of the efficiency of your government’s procurement operations.

When government contracts are known for reliable, on-time payments, the benefits ripple outward—enabling smaller and local vendors to compete with confidence, strengthening existing vendor relationships, and ultimately improving performance outcomes. As change agents in their organizations, procurement teams can leverage this important function to deliver results.

Join PEN for an interactive session exploring common challenges and barriers that lead to vendor payment delays, and actionable strategies to diagnose and mitigate process inefficiencies.  In this session, you’ll hear how the City of Jackson, MS, overhauled their vendor payment process, ultimately clearing over $10M in backlog payments, restoring critical community services and rebuilding trust with its supplier community.

Post-event Discussion: Join us after the session for an optional 30-minute post-event discussion to further unpack helpful strategies and recommendations from governments that have successfully improved their invoicing and payment systems!