Read or rate business payment practices

Make informed credit decisions on businesses you work with

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LEARN PAYMENT PRACTICES OF COMPANIES
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Payment Rating

Formsome helps people discover a business credit worthiness by empowering anyone to anonymously rate payment practices of registered entities.

Prevent Late Payments

Payment rating can highlight potential payment delays, prompting business managers to address them and make improvements to the accounts payable process. This prevents any party from being unfairly affected by payment delays.

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Did the Business Pay on Time?

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Invoices

Sent an invoice lately? Share your experience on billing the goods and services provided, including agency fees or commissions, subscription services, and similar bills.

What People Say

Costly relationships

Late payments have long been one of the biggest frustrations for small businesses. They cost jobs. They force healthy businesses to close.

Alex von Schirmeister - Managing DirectorXero UK & EMEA
Deter bad payment culture in traditional industries

Reporting on Formsome work wonders. Companies finally start paying on time. Its subtle yet more effective than writing a polite request for payment after an invoice is sent every single time.

Anonymous UserUnited Kingdom
Being held accountable

Legislation requiring large businesses to disclose the time it takes to pay invoices has been passed into law and will take effect from 2024.

Robyn Walker - Tax PartnerDeloitte New Zealand
Late Payment Pandemic

More than half of the commercial payments made by Singapore companies were late in the second quarter of 2021

Harry Suhartono - WriterReuters Singapore
Reach a resolution

a new age of co-operation and mutual respect between businesses – big and small

Jennifer Westacott - CEOBusiness Council of Australia
Payment delays are not free

It is big businesses using small business as a cheap bank

Kate Carnell - OmbudsmanAustralian Small Business and Family Enterprise Ombudsman

Facts & Figures

$7t

global impact of late payments

90k+

businesses liquidate each year

81%

monies originate from a debt

Towards Good Payment Pratices

Join the Prompt Payment Initiative for your business

1.Register for Free

Verify your email address and phone number

2.Find your Business

Your business must be officially registered

3.Take the Pledge

Adhere to the Propmt Payment Standards

takes just over a minute

Frequently Asked

What is Formsome?
Why should I join the Prompt Payment Initiative as a signatory for my business?
There are similarly named business, how do I identify a business correctly?
Are the business names the official legal names of the entities?
Which are the countries or jurisdictions Formsome cover?
Can I know how a business is verified?
How are payment reputation scores for businesses calculated?
Do I need to pay for the services offered?
Where is Formsome data sourced?
Am I only able submit reviews on businesses available on Formsome?
What should I do if cannot find a business name?
Using a business legal name instead of brand name