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The Keys to Contract Valuation

The Keys to Contract Valuation

FIND OUT EVERYTHING YOU NEED TO KNOW Assessing project performance is vital to ensure that everything is on track to

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Poor Cash Flow Affects Your Business

Poor Cash Flow Affects Your Business

Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash

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On-Demand Webinar: Connecting the Construction Workplace of the Future

On-Demand Webinar: Connecting the Construction Workplace of the Future

What does the future hold for construction? The construction industry is central to our economy, however unlike other sectors, it

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Construction Sector Needs Tech Innovation Not Regulation

Construction Sector Needs Tech Innovation Not Regulation

SEE WHAT OUR CEO HAS TO SAY ABOUT FINTECH AND CONSTRUCTION. The failed attempt to re-establish the Australian Building and

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Cost increases place huge pressure on construction industry, leaders embrace digitisation as a way forward

Construction industry supply chains reshaped by technology

Paper and spreadsheets meets digital solutions The construction sector relies heavily on having coherent workflows and paperwork. This ensures the

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Cost increases place huge pressure on construction industry, leaders embrace digitisation as a way forward

Cost increases place huge pressure on construction industry, leaders embrace digitisation as a way forward

Throughout 2020 and 2021, the COVID-19 pandemic has exacerbated ongoing issues in the construction sector – one being the continued

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Partner spotlight: ProcurePro

Partner spotlight: ProcurePro

A brief overview of your company ProcureProProcurePro is a procurement and contracting platform, enabling construction contractors to compare, select, approve

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More than a buzzword: How collaboration can lead to growth in the construction sector

More than a buzzword: How collaboration can lead to growth in the construction sector

In the construction industry, we’re often thinking about risk and how we can mitigate it. The last two years of

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When it comes to processing construction applications for payment, “technology” and “collaboration” may not be the first words that come to mind. As the construction industry continues to innovate, we’ve found that technology is doing more than just making certain processes easier. Below we highlight four ways we’ve seen innovative technology influence team collaboration and overall success. ‍ 1. SINGLE SOURCE OF TRUTH ‍Something that tends to slow teams down is when there is more than one version of a single document. We’ve all been there – you receive a spreadsheet and need to make edits, so you save a new version and make your changes. You may not want to delete older versions just in case, so you leave them in place. Once the spreadsheet passes through several hands, we now suddenly have 5 or 10 versions of the same document. At this point it’s impossible to tell which version is the “right” one. Not to mention the mess that occurs when you are emailing these documents back and forth, so they’re not being saved in a central location for easy access. ‍ Technology platforms can help alleviate this problem altogether. Services like Dropbox and OneDrive allow for one central location for all your documents to be saved and easily accessed by your team members. But even with a file sharing tool, you still likely have several versions of each important document floating around. This is where a platform like Payapps is so impactful for easy team collaboration. Payapps provides what we call the single source of truth. All your contract and billing data is saved in a single place in Payapps and matches what you see in your ERP system. Change orders, schedule of values, compliance documents and more are all stored right in the platform. There is no need to make edits to a spreadsheet and re-upload, nor do you have to go digging for that compliance documentation– it’s all in Payapps already. ‍ 2. SUPPLY CHAIN TRANSPARENCY ‍Clear, easy communication with your supply chain is paramount to running a successful business. And even if you have solid relationships and open lines of communication already set up, this is often a bottle neck that takes up valuable time and resources for your internal team. To preserve these internal resources, many builders are relying on transparency rather than back-and-forth communication. Payapps offers this transparency so that builders can easily communicate with their supply chain without ever opening their email or picking up their phone. The Payapps platform allows that visibility so folks can answer their own questions. Subcontractors who are concerned about a progress claim or variation can log into Payapps and see the status of all their claims. Likewise, builders can assess, approve, request information and more from within the platform. It’s true collaboration at its finest! ‍ 3. BETTER COMMUNICATION ‍Technology helps improve communication by easing some of the pressure your team may be experiencing. As deadlines loom and work piles up, it can be natural for team members to put their head down in an effort to get everything done. It can be dangerous for your team to work in isolation like this and can make them feel shut off from one another. Technology is never meant to replace your team’s communication with one another, but it can help streamline their workflow. Payapps, for example, is helping Accounts Payable teams access all the information they need to process pay apps without having to search through emails or old folders (physical or digital). Rather than relying on documents coming in via snail mail or fax machines, the information needed is all in one place. This serves as a single point of reference for teams when they do come together to collaborate. ‍ 4. TIME SAVING ‍Last but certainly not least, we know running your business smoothly has a lot to do with saving time and resources whenever possible. Though it may seem daunting to incorporate new tech – especially at a time like this – doing so can have a massive impact on your team’s time. Builders who switch to Payapps save an average of 50% of their accounting team’s time once they get up and running. Think of what your team could accomplish with that many additional labor hours!

Four Ways Construction Technology Improves Collaboration

When it comes to processing construction applications for payment, “technology” and “collaboration” may not be the first words that come

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Payapps Expands UK and Ireland Footprint with Strategic Acquisition of WebContractor Construction Software

Payapps Expands UK and Ireland Footprint with Strategic Acquisition of WebContractor Construction Software

As an industry leader in construction payment management technology, Payapps is delighted to announce its acquisition of WebContractor Holdings Limited,

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Mental Health Month: Payapps Donates to Mates in Construction

Mental Health Month: Payapps Donates to Mates in Construction

In these trying times, mental health has rightfully claimed its place at the forefront of our collective concerns.  With October designated

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Resilience Roundtables: A Conversation with Brett Stephenson, Chief Revenue Officer, and Misty Cronin, Head of Sales.

Resilience Roundtables: A Conversation with Brett Stephenson, Chief Revenue Officer, and Misty Cronin, Head of Sales.

The Payapps team in Australia hosted a roundtable discussion on building resilience in the construction industry at Rockar, Barn Grill in Melbourne

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How Payapps makes applications for payment and certification easy

Payapps is an innovative online tool that puts main contractors and subcontractors on the same page when it comes to applications for payment.

Works with your other systems

Seamlessly connects with leading construction, project management, accounting and financial software.

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Feature rich and easy to use

Standardise applications for payment, expedite certification, improve efficiency and increase process visibility in one place.

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Designed for the construction industry

Payapps was built to improve the payment claims and approval process in the construction industry.

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Saas Innovation Winner 2023

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