Frequently Asked Questions (FAQ)
VendSafe is a comprehensive service dedicated to protecting vendors from financial risks associated with client engagements. We ensure timely payments, secure contracts, and provide end-to-end support to empower your business.
VendSafe offers a suite of services tailored to safeguard your business:
Pre-Sales Due Diligence: We conduct thorough assessments of potential clients before contract signing to confirm their financial stability and legitimacy.
Contract Protection & Negotiation: Our team optimizes contracts with enforceable terms, including pause-work clauses and late payment penalties, to secure your interests.
Accounts Receivable & Payment Oversight: We manage invoice tracking, send reminders, and handle escalations to expedite your payment process.
Debt Collection & Legal Enforcement: If payments stop, we escalate to Payfor Debt Collection for rapid recovery.
Our Pre-Sales Due Diligence service involves evaluating potential clients to ensure they are financially stable and legitimate. This proactive approach helps you avoid entering contracts with high-risk clients, thereby safeguarding your business from potential financial losses.
We assist in optimizing your contracts by incorporating enforceable terms such as pause-work clauses and late payment penalties. This ensures that your interests are protected and provides legal leverage in case of disputes.
VendSafe manages your invoicing process by tracking invoices, sending timely reminders to clients, and handling escalations if payments are delayed. This service aims to expedite your payment process and reduce the burden of chasing overdue payments.
If a client fails to make a payment, we escalate the matter to Payfor Debt Collection for rapid recovery. Our collaboration with Payfor ensures that outstanding debts are pursued efficiently and professionally.
Getting started with VendSafe is simple. Visit our website and fill out the contact form to schedule a free consultation. Our team will reach out to discuss your specific needs and how we can assist in protecting and empowering your business.
Absolutely. VendSafe is designed to support businesses of all sizes, including freelancers, agencies, contractors, and suppliers. Our services are tailored to provide protection and peace of mind, regardless of the scale of your operations.
Our services are offered at competitive rates:
Pre-Sales Due Diligence: £250 per report.
Contract Protection & Negotiation: Fixed fee per contract review.
Accounts Receivable & Payment Oversight: Monthly subscription.
Debt Collection & Legal Enforcement: Commission-based.
Please contact us for detailed pricing tailored to your specific needs.
At VendSafe, we prioritize the confidentiality and security of your business information. All data shared with us is handled with the utmost care and in compliance with data protection regulations. We implement stringent measures to safeguard your information against unauthorized access or disclosure.
