Financial Sustainability: New ‘No PO, No Pay’ Policy

As part of continued work to identify non-pay savings across the University and ensure our spending is closely controlled, the University will be introducing a ‘No Purchase Order, No Pay’ policy from 14 September 2020. 

The University’s Procurement Team supports Divisions and Departments with getting the best possible value from the goods and services they use, while also keeping track of how much we spend on key suppliers. Introducing the new ‘No PO, No Pay’ policy is key to this, ensuring we have better oversight of what we are spending when while also increasing efficiency by reducing the number of invoice queries. 

Under the new system, invoices will only be paid if they include a valid Purchase Order (PO) number which has been agreed with the supplier prior to the delivery of goods, services or works. This will set out likely cost and delivery dates, along with an agreed payment process for suppliers, bringing us in line with what is increasingly standard practice across the sector. 

Once fully introduced, the move to ‘No PO, No Pay’ will help reduce our overall spend through better management of suppliers, ensuring as much support as possible can be put towards our core teaching and research activity. Detailed guidance will be sent to Finance Managers later this week, ahead of ongoing support with adapting to the new way of working ahead of the change and from September onwards. 

Find out more about our Procurement Team 

Find out more about our Financial Sustainability work