Numerous sites allow SMEs to report late payments by offering workable solutions to resolve conflicts between businesses and their customers.
The UK government set up Small Business Commissioner to handle late invoices. It is a website that gives professional advice to SMEs to check their invoices’ status, follow-up on clients, and enforce payment of overdue invoices.
Prompt Payment Code website was created for businesses in the UK to register as code signatories, which entails undertaking to pay SMEs within the agreed time. Payment must be made following the laid down procedures in the contract. The code encourages fair business practices between Big-sized companies and SMEs.
Checklate is a site set up expressly for SMEs to look up potential clients and assess their financial history of prompt or late payments. This service helps to save small businesses from potential risks and significant losses. Checklate compiles the necessary information, like data and customer reviews from large companies, to make quality predictions of a company’s financial status and practice.
The Prompt Payment Directory website allows SMEs to report defaulting customers by rating them. Reports can be submitted anonymously, and ratings can be adjusted or removed anytime by the reporter. Any business owner can research a potential customer via the website before offering their services. It saves SMEs in the UK from doing business with companies that are habitual debtors.
The UK government created the Register of Outstanding Invoices to enforce the legislation governing commercial payments:
- The Late Payment of Commercial Debts Regulations (2013)
- The Late Payment of Commercial Debts Regulations (2002) – England, Northern Ireland & Wales
- The Late Payment of Commercial Debts Regulations (2002) – Scotland
- The Late Payment of Commercial Debts (Interest) Act (1998) – UK
Companies that fail to pay their invoices in due time can be reported and will then receive a letter of demand, and failure to adhere will lead to a publication of the entry on The Register of Outstanding Invoices (ROSI)
PayOnTime is a creation of the UK government in partnership with business organizations to offer services to SMEs to ensure early payments and prevent overdue invoices. Businesses are required to register on the site to enjoy the products and services.
The Business Disputes Register seeks to resolve commercial conflicts among businesses in the UK, including unpaid invoices. With a minimum fee, SMEs can register disputes to encourage erring customers to redeem their debts in due time. All registrations on the Business Disputes Register can be removed by SMEs after payment is made.
The most accessible website to register your unpaid invoice complaint is BRODMIN. Their online directory is simple to use and is also easy to manage. Your disputes are visible to everyone, and anyone can comment on them, including the debtor.
All comments are public too, so if there’s any communication happening in the comment section, anyone can see it and reply to it. This can help you connect with other people a client might have scammed as well; the whole community can come together and act against the client until they pay up!
Brodmin allows you to remain anonymous by keeping your personal details private and confidential. You are permitted to report multiple offenders, and the report can include the number of unpaid invoices and the total debt amount per defaulter. You are advised to update reports regularly to feature new developments like whether they have been paid or provide further information.
Brodmin is free to register and make submissions to promote and encourage better payment practices. The information is available for public viewing and does not expire.
In the US, you can use https://anytimecollect.com/. They don’t have a public directory, but they do have one for their members.
You’d be able to layout and see all your pending payments and track your expenses easily. They have over 3 million users already and have an automated service that’s pretty easy to use.
In America, the three main credit bureaus to report late invoices are – Experian, TransUnion, and Equifax. Most of the sites mentioned above offer credit reporting services at Bureaus to reduce the defaulting companies’ ratings and protect others from falling victim to these dubious practices.
For people based in Canada, you can register an unpaid invoice on https://www.dgs.ca.gov/.
If it has been over 45 days and your invoice is pending and undisputed, according to the Prompt Payment Act, the state department would step in, and you may be eligible for a payout through them.
Invoice 911 is a credit reporting and debt collection organization in Canada. Companies that fail to pay their invoices are reported to two of the country’s largest credit bureaus – Equifax and Trans Union. Invoice 911 delays publishing the report to give erring customers a chance to pay up and avoid bad reviews and low ratings.
For people in Australia, you can sign up on https://business.gov.au and register your unpaid invoice there. They will refer you to a debt collections agency which can help recover your payments if you’re unable to it yourself.
If you live in New Zealand and have suffered because of unpaid invoices, you can register your invoice at https://fsp-register.companiesoffice.govt.nz/ and add all the details about your invoice, including any payments you have already received. When you end up with late payments, you can use the tracked data to start a dispute with your client.