Given that the discussion has moved to late payments generally, a question for freelancers and others who are subject to this:
Would you be up for a service which allowed you to automatically share intelligence on which companies are late payers? Benefits would potentially be:
- Find out in advance how late your will be paid
- Early warning of creditors doing aggressive cash management (aka going bust)
The idea would be that it would be funded by selling information about payers (not payees) eg, to insurance companies.
NB the obvious way to implement this is to get access to bank transactions, which I know requires a lot of trust. But maybe with eg the Open Banking API, there's some way to do it such that you can trust that only the right information is shared.
Comments
Given that the discussion has moved to late payments generally, a question for freelancers and others who are subject to this:
Would you be up for a service which allowed you to automatically share intelligence on which companies are late payers? Benefits would potentially be:
- Find out in advance how late your will be paid
- Early warning of creditors doing aggressive cash management (aka going bust)
The idea would be that it would be funded by selling information about payers (not payees) eg, to insurance companies.
NB the obvious way to implement this is to get access to bank transactions, which I know requires a lot of trust. But maybe with eg the Open Banking API, there's some way to do it such that you can trust that only the right information is shared.