Good For The Money, or GFTM, is a new online service that enables construction suppliers and subcontractors to expose bad payers.
Designed for the construction supply chain, GFTM enables companies to collaborate securely on payment risk, without revealing commercially sensitive information.
The platform,聽, has been part-financed by a 拢100,000 government grant from Innovate UK, recognising GFTM鈥檚 potential to transform credit decision-making in the sector.
Unlike traditional credit agencies such as Dun & Bradstreet or Experian, which rely on Companies House filings, GFTM delivers live, data-backed insight directly from suppliers who trade with shared customers.
鈥淭his isn鈥檛 just a platform 鈥� it鈥檚 a shift in how construction suppliers protect themselves,鈥� claimed Jeremy Price, chief executive and co-founder of GFTM. 鈥淏ad debt impacts everyone in the supply chain, even competitors. GFTM allows the industry to work together to tackle the problem, while keeping every contributor anonymous and secure.鈥�
GFTM syncs with all major cloud accounting platforms, including Xero, QuickBooks, and Sage, allowing suppliers to contribute anonymised payment performance data instantly and securely.
All contributions are aggregated into key performance indicators (like average days to pay, payment trend scores, and risk flags). No invoice details, client identities or supplier names are ever shared. This allows contributors to access valuable, real-time risk data 鈥� without disclosing sensitive commercial information.
鈥淚t鈥檚 such a simple concept. If one customer stops paying a supplier, all other suppliers to that customer are told about it, there and then,鈥� Price said. 鈥淏y working together bad actors can be highlighted and removed from the supply chain.鈥�
GFTM is free for all suppliers who contribute anonymised data. Companies who connect their accounting platforms and share payment data can begin using the platform immediately, with onboarding support available.
Got a story? Email news@theconstructionindex.co.uk
