- The Overdue Invoice Register is an initiative of Sustainability of SMEs NPC [a Non-Profit-Company] supporting SMEs to survive & thrive – by providing a shared platform to highlight the impact of overdue invoices and late payers.
- Kumaran Padayachee, an entrepreneur involved in funding SMEs for 25 years and being in the engine room of the SME ecosystem – was the initiator for the Register. His intention is to provide an objective & constructive solution to a problem widely affecting SMEs – and help the overall SME community [including his SME clients] survive and then to hopefully thrive.
- The Overdue Invoice Register shared platform enables SME suppliers to log a record of their overdue invoices which are unpaid by their major debtors [Corporates or Government entities].
- The platform is not for complaints, but rather for taking objective action.
- The listing of late payers, based on aggregated data, will hopefully be a deterrent for late payment.
- Your personal & company details and specific invoice level details will not be exposed – the late payer listings are based on aggregation of de-identified data i.e. your specific info is never listed.
Author: Derrick Markotter
RCCI Webmaster Derrick runs a boutique web marketing agency, IdealMedia Marketing.