Small Business Focus

Epic online tool (Gentle Reminders Club) ensures prompt payment

It’s quite scary how well it works, because it’s such a simple idea.

Scott Cundill, Majestic3

The Gentle Reminders Club is an online platform that encourages ethical business behaviour when it comes to settling invoices on time, contributing to building a brand’s “reputation capital”.

A business can invite its new clients to join the club.

Upon sending them your invoice, the tool gently reminds them to pay.

It rewards prompt payment by giving the client a good rating.

If they fail to pay on time it will negatively affect their rating.

The Money Show’s Bruce Whitfield interviewed Scott Cundill.

Cundill is the owner of Majestic3, the tech partner behind The Gentle Reminders Club.

For more detail; listen to the interview in the audio below (and/or scroll down for additional quotes from it).

It uses emojis and ratings…

Scott Cundill, Majestic3

We found a simple smiley or angry face caused people to pay.

Scott Cundill, Majestic3

If you do not want to see a red, angry face next to your company’s name…

Scott Cundill, Majestic3

It’s set up to get paid quicker.

Scott Cundill, Majestic3

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Epic online tool (Gentle Reminders Club) ensures prompt payment


Recommended

by NEWSROOM AI
Read More
How to catch a tiger and ride it without being eaten

How to catch a tiger and ride it without being eaten

The Money Show’s Bruce Whitfield interviews small business guru Pavlo Phitidis, founder of Aurik Business Accelerator.

Government - the biggest customer in SA – is broke. Here’s how to survive…

Government - the biggest customer in SA – is broke. Here’s how to survive…

The Money Show’s Bruce Whitfield interviews small business guru Pavlo Phitidis, founder of Aurik Business Accelerator.

How to strategise instead of leaving it up to fate

How to strategise instead of leaving it up to fate

Do you have a strategy, or are you just being busy? Bruce Whitfield interviews small business guru Pavlo Phitidis.

Pay up to 45% less tax by investing in a small business (Section 12J incentive)

Pay up to 45% less tax by investing in a small business (Section 12J incentive)

Dino Zuccollo of Westbrooke Alternative Asset Management answers 12 FAQs about the Section 12J tax incentive.

Want to start a business? How to know if it’ll work before you take the plunge

Want to start a business? How to know if it’ll work before you take the plunge

"Idea validation" is the process of testing your idea before launching your business, says Yiedi CEO Jayshree Naidoo.

How to start your own business (by a guy who started his with almost no money)

How to start your own business (by a guy who started his with almost no money)

The Money Show’s Bruce Whitfield interviews NicHarry founder Nic Haralambous.

Popular articles
‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.

[VIDEO] Muizenberg pedestrian attacked in broad daylight

[VIDEO] Muizenberg pedestrian attacked in broad daylight

A woman was attacked on her way to work earlier this month.

'Tourist who survived 20m fall on Table Mountain is the luckiest man alive'

'Tourist who survived 20m fall on Table Mountain is the luckiest man alive'

Incident commander Roy Schoor says the man fell 20m and landed on a section of a cliff. His cry was heard by someone in Camps Bay.

'Bring back skilled engineers to Eskom' - Solidarity

'Bring back skilled engineers to Eskom' - Solidarity

Trade Union Solidarity says it supports Pravin Gordhan's idea that technicians who used to work for Eskom should be brought back.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.