Aggregated Data across all Late Payers

8
No. of Late Payers
5
No. of SMEs at Risk
16
No. of Overdue Invoices
R 6.5M
Value of Overdue Invoices
14
No. of Invoices Paid
R 6.4M
Value of Invoices Paid
8
No. of Late Payers
5
No. of SMEs at Risk
16
No. of Overdue Invoices
R 6.5M
Value of Overdue Invoices
14
No. of Invoices Paid
R 6.4M
Value of Invoices Paid

Listing of Late Payers

Late PayerNo. of Overdue Invoices Value of Overdue Invoices No. of SMEs at RiskNo. of Invoices PaidValue of Invoices Paid
MINCAP2R 3,859,923.6100R 0.00
Virgin Active SA1R 2,133,892.8300R 0.00
Polokwane Municipality1R 348,290.4300R 0.00
MANGAUNG METROPOLITAN MUNCIPALITY2R 47,732.6706R 1,254,121.49
GMF ELECTRICAL AND ENGINEERING SERVICES7R 37,317.5000R 0.00
View More Late Payers
We know that you may be concerned about your personal & company details and specific invoice details of your Late Payer clients being exposed – and any unintended consequences/repercussions.
At no point will any of this data be exposed.
The only data used is de-identified [all identifying data points removed] and is then aggregated with all other Overdue Invoice submissions to compile a listing of Late Payers
[your specific information is never listed].

Take Action Here

you will need: your Late Payers’ details, the actual overdue invoices for entry & upload

Register your Overdue Invoice
  • This Overdue Invoice Register [OIR] is an initiative of Sustainability of SMEs NPC [a Non-Profit-Company] supporting SMEs to survive & thrive – by providing this shared platform to highlight the impact of overdue invoices and list 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 this OIR. 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. More about Kumaran here 
  • The OIR shared platform enables SME Suppliers to log a record of their overdue invoices which are unpaid by their major debtors [Corporates or Government entities]
  • This shared 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 [Late Payer listing based on aggregation of de-identified data i.e. your specific info is never listed]

About

  • The OIR is an initiative of the Sustainability of SMEs NPC [a Non-Profit-Company] to support SMEs to survive & thrive – by providing this 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 this OIR. 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. More about Kumaran here
  • When an individual pays his/her credit card late then they fully expect to pay interest and perhaps also a late payment penalty
  • The only reason businesses do not think like this is that they have become accustomed to a culture where there are often little or no penalties for paying beyond credit terms
  • The listing of Late Payers, based on aggregated data, will hopefully be a deterrent for late paying
  • OIR would not need to exist – if all businesses/entities paid on time
  • A business/entity listed on OIR is only listed as a Late Payer because it has not paid an invoice or a number of invoices by their due dates, paid later than due date, or not made payment at all and has not paid their supplier invoice/s on their due date/s

  • It’s a very straightforward process:
    1. simply register here then click the link in the verification email that we send you [check your email Junk Box]
    2. choose a password then login to your dashboard
    3. add your late payer/s and then add your overdue invoice/s
      • to add a Late Payer you will need: details of your late payer, details of person responsible, payment terms & average monthly revenue from Late Payer
      • to add a Overdue Invoice you will need: your invoice details, the actual invoice for upload [jpg, png, jpeg, tiff, pdf, doc, docx, xls, xlsx] and an option to add comments
  • How will this website and listing of Late Payers be shared?
    • it will be promoted across social media and various other platforms
    • you should share this with your network and on social media

  • Supplier: any supplier involved in supplying services and/or products to a Corporate or Government entity
  • Late Payer: any debtor, whether a Corporate or Government entity, which has procured services and/or products from a Supplier – and has not paid their supplier invoices on their due date
  • Coalition Partner: any organization that supports or deals with SMEs and pledges their support for this Overdue Invoice Register initiative
  • Sustainability of SMEs NPC [Non-Profit-Company]: the organization behind this Overdue Invoice Register initiative

  • OIR is the Overdue Invoice Register
  • The OIR contains information on commercial debtors only [Corporates & Government] – it does not hold records of overdue consumer debts
  • OIR receives overdue invoice data directly from a number of SME Suppliers – and then aggregates this data into accessible & understandable statistics
  • Overdue invoice information is used by SME Suppliers and other parties when deciding whether to extend, grant or withdraw credit
  • The information displayed serves as an updated database to SME Suppliers of services and/or products
  • The OIR was created as a shared platform for SME Suppliers to provide overdue invoice information on Late Payers. The shared platform is about SME Suppliers contributing to this resource which is aimed at improving outcomes for SMEs as a collective good. The quality of the information provided on this shared platform is determined by the SME Suppliers uploading accurate information.
  • SME Suppliers registering overdue invoices and information warrant that it is true & correct; is not the subject of any dispute whether or not through legal proceedings; is not related to any communication from the Late Payer Debtor about any uncertainty of their liability; it does not relate to a prescribed debt in terms of Prescription Act No 68 of 1969
  • The only data used is de-identified [all identifying data points removed]and is then aggregated with all other Overdue Invoice submissions to compile a listing of Late Payers [your specific information is never listed]
  • OIR does not seek to pass any judgement as to the validity or otherwise of the sum being claimed as overdue by the SME Supplier
  • Some OIR entries relate to debts that have already been paid, but were paid late. These remain on record to illustrate payment beyond terms.
  • Registered Users abusing this system will be removed and blocked

Coalition Partners

Coalition Partners are entities who are supportive of this Overdue Invoice Register initiative – and view the sustainability of SMEs as vital for the South African economy.
If you want to come join our coalition and stand with us then contact us here.

  • SACCI
  • Spartan SME Finance

FAQs

  • An invoice that is still outstanding/unpaid after the agreed payment terms [eg. after an agreed payment term of, say, 30 day or 60 days from invoice or statement]
  • An overdue invoice is registered as such on OIR – after being warranted by the SME Supplier that it is true & correct; is not the subject of any dispute whether or not through legal proceedings; is not related to any communication from the Late Payer Debtor about any uncertainty of their liability; and does not relate to a prescribed debt in terms of Prescription Act No 68 of 1969.
  • An invoice that is still within its agreed payment terms, and therefore not yet due, is NOT defined as an Overdue Invoice

  • First you need to add a Late Payer, you will need: details of your late payer, details of person responsible, payment terms & average monthly revenue from Late Payer
  • To add a Overdue Invoice you will need: your invoice details, the actual invoice for upload [jpg, png, jpeg, tiff, pdf, doc, docx, xls, xlsx] and an option to add comments

You’re able to view the site and some results without registering on OIR, but you’ll need to register and be signed in to upload and manage your overdue invoices and late payers.

The role of the Overdue Invoice Register – is to only be a registry. Also, as your specific information is kept confidential – we do not facilitate resolutions with Late Payers.

No. Your data is kept confidential and is never shared with any other party. All data used in aggregation and display is done so after it has been de-identified, this means your info is always secure.

Simply Login and view your dashboard of uploaded invoices – here you have a range of options, from adding more overdue invoices to adding new Late Payers and even confirming that you’ve had an overdue invoice paid by a debtor.

  • This website and listing of Late Payers will be promoted across social media and various other platforms
  • You should share this with your network and on social media

For any questions or feedback please Contact Us here

For now, there is no cost for being a registered user and for registering overdue invoices. In the future there will be a nominal monthly subscription to accommodate the cost, upkeep and sustainability of this platform.

Take Action Here

you will need: your Late Payers’ details, the actual overdue invoices for entry & upload

Register your Overdue Invoice

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