Banking and Finance
Our Banking and Finance Framework offers Public and Private sector organisations the opportunity to benefit from pre-vetted, compliant and award winning services. Proven to provide average savings of over 30% per annum on banking and payment processing fees, the Framework provides opportunities for growth whilst removing costs and risks.
The Framework provides direct access to award-winning financial services from our partners including Lloyds Banking Group, Equifax, Allpay and AIB Merchant Services, cutting out the need for you to hold a tender.
The CPRAS Framework is compliant with GDPR and all payment regulations.
Our Banking and Finance Framework Supports:
Invoice Validation Service
Also included in the Framework is the CPRAS Invoice Validation Service.
Checking financial service charges must be done on a transaction-by-transaction basis and for every transaction there are many variables which determine price. Finance Departments are therefore limited to checking “headline” data, such as validating that the total value of transactions that are being charged for matches the value of receipts.
However, CPRAS has developed the technology needed to cross-check every transaction fee and check for discrepancies.
This service recently resulted in a District Council being refunded for an £8,000 overcharge. And the best part - the Council only needed to become involved when they were notified the refund was on it's way to them. CPRAS handled every stage of the identification and resolution process directly with the supplier on their behalf.