Overdue Payments Alert Form
All member partners of the AIN networks are covered by the Keystone Financial Protection Program. This means that whenever dealing with members of the same network they are always covered for legitimate expenses from any risk of willful non-payment or bankruptcy up to their chosen limit within the guidelines of the program. This coverage gives peace of mind to all participating members as they can know that their money will be protected in such cases covered by the program.
Though financial risk is automatically reduced by our application vetting system, members’ financial situations can change. In these cases our networks have this well managed through the Keystone program. Your money will be protected from bad debts.
In order to more closely monitor any company not paying on time, and resolve these issues more swiftly, we have now also introduced our Overdue Payment Alert System.
From now on, it will be mandatory that each company inform us before the end of the month, of any overdue invoices from members. For example, if the due date of an invoice is 25th March and payment has not been received, this Overdue Payment Alert form must be completed before 31st March with the full details of the overdue amounts and invoice uploaded. Failure to do so, will invalidate any future claim.