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AISE launches Risk Register

There is light at the end of the tunnel for consultants who are abused by clients. It is not uncommon that a client will only pay their consultant, once they in turn gets paid by their client.

Sadly, this is not how things work. There is no valid, legal or other reason why a business who have entered into an agreement with a consultant, should not pay them when the money is due and the work has been done to their satisfaction.

Too often, consultants have to listen to excuse upon excuse and wait months for payments. Then suddenly the “company” disappears off the face of the earth.

Not anymore!

The Africa Information Security Exchange is an activist group to put a stop to this once and for all, and despite the risk of law suits have a message for bad paying businesses. You will be named and shamed. The AISE Risk Register allocates a Risk Rating to a company based on the value of bad payment reports received from consultants and freelancers. Ranging from Low to Extremely High Risk, AISE advises consultants and freelancers to make an informed decision when doing business with these undertakings.

History has shown that steeling from Peter to pay Paul is common practice in the home improvement market, but it seems to have spilled over to the training industry as well. When it comes to training, there is nothing to repossess or claim a lien on. Training is like emptying a bag of feathers. Once it’s out in the wind, there is absolutely no way to get all the feathers back in the bag.

AISE’s website has recently been launched and will offer information on bad paying businesses within public domain, free of charge. They will also link to hellopeter.com and share their latest reviews.

Whether this is a good thing, remains to be seen, but there are obvious rules that are applied before a business is listed as a “bad business”. These include getting both sides of the story, and limiting listings to exclude official disputes and pending legal action. Accounts that have already been handed over for collection, or for which summons have been issued will thus not be listed on the ISE.

One thing is for sure. The Risk Register will help consultants and freelancers making risk based decisions.

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Sheqafrica
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