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Inside Construction Feature Article: How Buildcorp Group Reduces Project Risk with Payapps

Buildcorp Group is a long-term Payapps customer, having been an early adopter of the progress claim software in 2016. Toni Hall, group commercial business systems manager for Buildcorp and overseeing their commercial systems, processes and procedures, says Payapps has been a pillar of their success, supporting the tier 2 builder as it delivers over $8 billion in projects throughout NSW, Qld and Victoria.

She recently sat down with Inside Construction editor Ashley Grogan and shared why Buildcorp’s commitment to utilising leading technology has underpinned their success.

 

Commitment to subcontractors

Buildcorp prioritises its relationship with subcontractors, and implementing tools such as Payapps demonstrates their commitment to running an efficient project and ensuring subbies are paid on time.

“We aimed to reduce project risk and the amount of time spent on payment claims, which impacts our subcontractors, project teams, accounts payable and even senior management.

“Now, with Payapps, Buildcorp faces less risk from security of payment claims, and subcontractors benefit from improved visibility of cash flow and a clear understanding of how, when and what they need for their payment claims, preventing them from slipping through the cracks.”

 

Removing admin

Before using Payapps, Hall recalls situations where it could take hours to process a claim – chasing down missing information or tracking the right person could waste up to a month in total across all claims being process. Now, a project can be set up in just 10 minutes and the team can easily manage the approvals as the claims come in.

“Depending on what is being claimed, it can take just two minutes to physically process it with Payapps.”

Attracting talent

Eager candidates frequently ask what systems and technology are in use at Buildcorp, and Hall says their approach to using robust systems and platforms drew her to the company.

Ensuring third-party platforms seamlessly integrate with their award-winning, internally-built systems is a priority and enhances project efficiency and collaboration across the business.

“It makes more sense to build on what we’ve already established and integrate with external providers such as Payapps,” says Hall. “We have long utilised Jobpac as our financial management platform and Procore for project management – the seamless integration of Payapps with Jobpac is crucial for Buildcorp’s operations.”

Delivering projects

The claim data from Payapps is made visible via a dashboard that all teams, either in the office or onsite, have access to so they can easily see high-level job information, current project safety ratings, and pending and current claims.

Payapps ensure there are no bottlenecks to hold up project delivery. The Buildcorp team can easily reassign claim approvers if someone is unavailable, and the high-level dashboard makes it easy to see any claims that need immediate attention to avoid any disputes or missing payment deadlines.

Staying competitive

For Buildcorp, Payapps is supporting their long-term goals and helping them stay competitive in both the tendering phase of a project, as well as the actual project delivery. Estimating teams are able to use the data captured within Payapps to provide accurate project estimates, track expenditure, and manage subcontractors. Hall also says Payapps gives their clients confidence in their ability to deliver projects financially, both upstream and downstream.

Read the full article on Inside Construction,

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