News

IMPORTANT NEWS FOR BARCLAYS PREFERRED SUPPLIERS Barclays is committed to improving its internal purchasing efficiency and effectiveness, and importantly its payment performance. Consequently, a change to the way in which payments for goods and services are processed has been made.

Historically staff may have raised commitments without providing a Purchase Order, which necessitated the submission of an invoice directly to the person placing the order. This procedure is no longer recognised by the Bank. Staff will now be using Purchase Orders (PO) to confirm the commitment to suppliers. The only exceptions to this requirement are either where the requestor provides suppliers with a Visa Purchasing Card (VPC) / Company Barclaycard for payment at the time of placing the order or where suppliers are using Barclays electronic billing process, ‘One-Bill'.

This change takes place with immediate effect. If suppliers have provided goods or services that are yet to be invoiced it is important that a Purchase Order is raised prior to the invoice being sent to Barclays. This can be done by instructing the requisitioner to raise a Purchase Order.

Delays to payments are likely if invoices do not reference a Barclays Purchase Order number.

Please note this excludes Barclays Capital and Barclays Global Investors. Suppliers will continue to receive instruction and payment from these teams in the current manner.