Excellent For The Cash, or GFTM, is a brand new on-line provider that allows building providers and subcontractors to reveal dangerous payers.
Designed for the development provide chain, GFTM permits firms to collaborate securely on fee possibility, with out revealing commercially delicate knowledge.
The platform, www.gftm.ai, has been part-financed via a £100,000 executive grant from Innovate UK, recognising GFTM’s doable to turn into credit score decision-making within the sector.
In contrast to conventional credit score companies akin to Dun & Bradstreet or Experian, which depend on Corporations Area filings, GFTM delivers are living, data-backed perception at once from providers who industry with shared consumers.
“This isn’t only a platform – it’s a shift in how building providers give protection to themselves,” claimed Jeremy Worth, leader government and co-founder of GFTM. “Unhealthy debt affects everybody within the provide chain, even competition. GFTM lets in the business to paintings in combination to take on the issue, whilst protecting each contributor nameless and safe.”
GFTM syncs with all main cloud accounting platforms, together with Xero, QuickBooks, and Sage, permitting providers to give a contribution anonymised fee efficiency records right away and securely.
All contributions are aggregated into key efficiency signs (like reasonable days to pay, fee development ratings, and possibility flags). No bill main points, consumer identities or provider names are ever shared. This permits participants to get entry to treasured, real-time possibility records — with out disclosing delicate industrial knowledge.
“It’s any such easy idea. If one buyer stops paying a provider, all different providers to that buyer are informed about it, there after which,” Worth mentioned. “Through running in combination dangerous actors can also be highlighted and got rid of from the provision chain.”
GFTM is loose for all providers who give a contribution anonymised records. Corporations who attach their accounting platforms and proportion fee records can start the use of the platform straight away, with onboarding fortify to be had.
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