Information about getting paid if you're a supplier to Lloyds Banking Group.
As a signatory to the Prompt Payment Code, we want to comply with its principles by paying suppliers within agreed terms and ensuring we provide guidance on our payment procedures.
The Small Business Enterprise and Employment Act 2015 means Lloyds Banking Group reports publicly its supplier invoice payment practices and performance.
There are specific invoicing requirements that suppliers need to follow to avoid payment delays. In particular, suppliers must send invoices directly to accounts payable and not to individuals in the business.
As a supplier, you should ensure you have authorisation from us before supplying any goods or services.
Purchase Orders are our preferred method and should be used unless we have agreed an alternative approach with you.
Your Purchase Order (PO) will be sent via the Ariba Network. You will receive an email notification indicating that you have been issued a PO. To view the PO, you will be required to follow a link in the PO notification email and either create a free Ariba Network account or sign into an existing account.
In exceptional circumstances, where a PO has not been issued, please ensure you reference the email address of your Lloyds Banking Group business contact within the invoice.
Please be vigilant and check the authenticity of Purchase Orders before providing goods or services. If you have any concerns, please email our Accounts Payable team at: firstname.lastname@example.org
All invoices must quote a Purchase Order number or the email address of your Lloyds Banking Group business contact. This is essential payment information, so if you haven’t been provided with either you will need to refer to the person who placed the order with you before submitting your invoice.
Invoices may be sent as PDF by email, or via the Ariba Network, please talk to your Sourcing / Supplier Manager for more information.
If sending an invoice or credit note by email, they should be sent directly to our accounts payable department (preferably as a PDF): APInvoiceReceipt@lloydsbanking.com
These documents are scanned and content is automatically transferred to our payments systems. To avoid delay, all invoices need to meet set criteria including a specific layout and providing key information.
When submitting invoices via the Ariba Network, please consider the following:
- Suppliers may only submit invoices via one channel. If you submit invoices via the Ariba Network, please do not send the same or additional invoices via email.
- Suppliers must maintain their Remittance IDs on their Ariba Network account for invoices to be processed correctly.
We are currently unable to accept invoices via post due to operational impacts from COVID-19.
Important: Sending invoices to individuals in the business, instead of directly to accounts payable, prevents us from being able to pay the invoices on time.
Trading via the Ariba Network
We also use the Ariba Network to enable suppliers to receive POs and submit invoices electronically. The benefits to our suppliers are better tracking of invoices, greater visibility and quicker processing times, as well as the environmental benefits from a reduction in paper usage.
If you are an existing supplier and would like to express your interest in signing up to the Ariba Network, please contact your Sourcing/Supplier Manager.
If you have further questions about how to work with Lloyds Banking Group via the Ariba Network please view this FAQ guide and speak to your Sourcing/Supplier Manager.