A Guide to the Late Payment of Commercial Debts

Client Requirement:

The client is into finance business and owns a website against his business. Pay on Time (payontime.co.uk) provides a resource of information to support businesses get paid on time and to provide a community for businesses that support prompt payment to be able to engage with each other. The client told us to develop three calculators to be used in the website. Out of which one should have features for unregistered customers who can use them for free.

Our Endeavor:

• Quick Statutory Interest Calculator: This one is a free calculator. It has limited options and any website user can use this calculator to calculate the amount they need to pay for their loan.

• Statutory Interest Calculator: This is a paid calculator. This can be used by users if they purchase credits. The calculator can help them to calculate the payment amount and they can also take a printout of the calculator and calculated amount.

• Advanced Statutory Interest Calculator: This is an advanced calculator and it comes with several options. To use this calculator, users need to use the purchase number of credits. When it calculates the amount each time, the number of credit decreases by a unit. This calculator can offer functionalities like – calculate one debt, client address book, calculate the amount on part payments, can take printout etc.