In May 2010 Safe Collections became the first company to release a free iPhone App to help UK business owners. The app makes it easy to calculate both the late payment costs and interest on any overdue invoice.

Safe Collections has released the first free late payment application for iPhone & iPad in the UK.  The Safe Collections Late Payment iCalc calculates the amount of interest and charges applicable to a late payment and is available as a free download from the Apple App Store.

The Safe Collections Late Payment iCalc works by automatically applying the correct interest and charges to any outstanding sum, according to “The Late Payment of Commercial Debts (Interest) Act 1998, as amended and supplemented by the Late Payment of Commercial Debts Regulations 2002 and the Late Payment of Commercial Debt (Regulations) 2013”.  Safe Collections is the first company to make such a powerful everyday business tool available for free, for anyone to download.

Sid Home MICM Managing Director of Safe Collections says:

“With more business owners making increasing use of smart phones to manage their enterprises on the move, it seemed only sensible to provide them with a simple and effective tool to calculate late payments anywhere.”

The Safe Collections Late Payment iCalc itself is available for download via iTunes or the App Store simply by searching for Safe Collections, late payment or following this link:

Update October 2014

The app has now been updated for iOS8 and the newer iPhone 6 & 6+ Models and is also available on Android & BlackBerry handsets over at http://www.late-payment-calculator.co.uk/