Minister for Business & Employment, Ged Nash TD, has recently launched a new online portal aimed at encouraging businesses to pay their suppliers on time. Enterprises of all sizes in Ireland can now become signatories to the Prompt Payment Code of Conduct through their website.
Welcoming the launch of the Prompt Payment Code portal, Minister Nash said: “This is a significant step in moving towards a culture of prompt payment in Ireland. In addition to improving our payment culture, the Code is also about encouraging and promoting best practice between businesses and their suppliers. It is about companies demonstrating a real commitment to responsible business practices which in turn leads to achieving competitive advantage in the market place.”
The three primary objectives of the Code are:
Signatories to the Code undertake to:
Minister Nash said: “For the Code to work we need enterprises to sign up and I will be encouraging all businesses, big and small, to make this important commitment. Government will be leading by example and I will ensure that all Government Departments, their Agencies and Public Sectors bodies become signatories to this Code.”