← innovate.shSignal: r/smallbusiness — billed $3,200 in late fees, collected $0. AP person laughed. 58 upvotes.
🦉 Fred's Pick

TermsLock

Stop billing late fees nobody will ever pay

01The Problem

You put 1.5% monthly late fees on every invoice. Six months later you've billed $3,200 in penalties and collected exactly zero. One AP person laughed at you. Another said the fee wasn't on their PO so their system literally can't process it. A third said you never negotiated terms in the contract so they're invalid. Your late fees are decorative text.

02The Solution

TermsLock verifies your payment terms are loaded into your customer's AP system BEFORE you start work. Generate vendor setup packets that match NetSuite, SAP, QuickBooks, and Bill.com formats. Pre-signed terms acknowledgment, PO-compatible late fee line items, AP import templates. When it's time to collect, there's no argument — the terms were in their system from day one.

Make your terms enforceable

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Idea Score: 13,608