Introducing the GFTM Finance Platform
GFTM — better umbrella funding.
When factoring headroom is tight, umbrella payments still need to be made.
The GFTM platform manages the journey from the umbrella’s invoice through agency approval, credit checks and payment. Umbrellas submit invoices and supporting timesheets. Agencies review a clear schedule, confirm the invoices are correct and pay a 10% deposit. GFTM then completes its risk checks and authorises payment of the full approved invoice value to the umbrella.
The platform records the agency’s approval, checks available funding and insurance limits where relevant, and ensures the required deposit has been received before a payment can proceed.
The platform records the agency’s approval, checks available funding and insurance limits where relevant, and ensures the required deposit has been received before a payment can proceed.
Controlled Payments and Reconciliation
The system tracks each funded invoice, its 10% deposit, the amount paid to the umbrella, the balance owed by the agency and the agreed payment date.
Payment schedules are presented for GFTM approval before release. No supplier payment goes out until the deposit, approval and all credit and eligibility checks have passed.
For the initial launch, our operations team approves payment batches, with bank transfers used to pay the umbrellas. Unidentified receipts and failed payments are flagged for review rather than being allocated automatically.
Contact us now, and start using the free service today.
Automated AI debt chasing
There’s more to debt chasing than just endlessly sending out the same emails again and again.
GFTM provides the best in class debt chasing software, all for free.
We will monitor your accounting package and send out chaser emails as and when debts become due.
But we are more than that: we will look at past relationships to gauge how we write. Loyal customers who may have slipped up are given a gentle friendly reminder. We look at past payment histories, and analyse whether chasing emails have been opened and read.
All of this done automatically. You simply choose which customers (if any) you would like chased, and we just get on with it.