payment supplier code

Supplier Payment Code

Australian Supplier Payment Code

As a small business, Cobalt has always seen the importance in paying suppliers on time. It’s not only fair, but also drives productivity and keeps business relationships strong. For many years we have operated by these beliefs, and therefore it was easy to become proud foundation members of the Australian Supplier Payment Code (ASPC). We are proud to be named alongside other big signatories such as Commonwealth Bank, Aldi, Australia Post and the Victorian Government. View all the signatories here.

To keep our projects running smoothly, Cobalt relies on products and services from a multitude of small businesses. These suppliers help us reliably deliver high performance design services to our local and international clients. Having ourselves started from humble beginnings almost 25 years ago, we understand that managing cash flow and getting paid on time are the top priorities for small business owners.

By putting our name to the Australia Supplier Payment Code, we’re committing to transparent and fair payment practices. The code is a voluntary, industry-led initiative launched by the Business Council of Australia that protects the importance of prompt and on-time payment for suppliers through a set of best practice standards.

As a ASPC signatory, Cobalt commits to a number of payment policies;

  • Paying correct invoices from suppliers on time or within 30 days.
  • Providing clear guidance to suppliers about our payment procedures.
  • Where practicable and agreed, appling technologies to speed up invoice reconciliation, approval and payment processes.
  • Putting in place clear, fair and efficient processes for dealing with complaints and disputes about payments.

The code has been in effect for over two years and continues to grow with over 110 signatories. And we hope this initiative is replicated by our own clients payment practices. And to help remind them, Cobalt invoices will now feature the ASPC logo.

Read more about the ASPC and eligibility here.

View our other policies, including our confidentiality and privacy policies here.

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