Late payments are a crippling problem for freelancers with four in 10 (41%) of clients hiring freelancers consistently paying late in the UK and more than half (55%) of freelancers have done work that they have not been paid for, according to The Credit Protection Association.
“Late payments are a massive problem for freelancers in the UK. We’re currently witnessing the rise in the gigged economy with over 2 million freelancers in the UK who contribute approximately £125 billion to our economy,” said Know-it CEO & Founder Lynne Darcey Quigley. “It’s vital that we do what we can to help keep these valuable members of the workforce afloat. Know-it will help ensure that freelancers who use the platform get paid quicker for the work they do and boost their cashflow.”
Know-it, a cloud-based credit management platform, gives freelancers the ability to mitigate credit risk, increase cashflow, and reduce debtor days. The automated credit management solution allows users to run business credit checks, monitor changes, automate payment chasing, and collect overdue unpaid invoices, all in one place.
Know-it partners with leading credit agencies and accountancy software such as Companies House, The Gazette, Unsecured Creditors, Sage, Xero, QuickBooks, and FreeAgent. These partners provide them with essential real-time credit information that will help your business to avoid fraud, upload your sales and purchase ledger, and get credit information on the companies that you do business with.
As part of the new partnership with Gigged.AI, a platform brimming with talent across the most in-demand tech skills including Software Developers and Data Scientists, businesses can post a gig on Gigged.AI and the platform’s matching algorithm will help find the best talent, which allows companies to hire them on- demand. Freelancers can also search for gigs and send proposals or let the platform’s AI find the best matched gigs automatically.
Gigged.AI uses AI and blockchain technology to make it easy to find great freelance talent, which ensures more tech projects are delivered. Their recently launched Internal Talent Marketplace enables enterprises to benefit from internal talent mobility by utilizing their AI-driven marketplace to quickly search internal talent before making an external hire.
Gigged.AI is accelerating the Future of Work by developing an ecosystem of interlocking products that makes hiring easy for companies and talent in the changing world of work.
Gigged.AI Co-founder and CEO Rich Wilson said: “As Gigged.AI build our community of freelancers we proactively seek out partnerships that will add value to them. Most freelancers suffer from late payments especially when they directly engage with a company. We are thrilled to partner with Know-it to help freelancers collect unpaid invoices.”