An In-Depth Look at Applications for Payment in Construction | UK
This post looks in-depth at construction Applications for Payment. For example, what Applications for Payment are, why this approach has been adopted in the construction industry, how the process works and the key dates contractors and subcontractors need to be aware of when submitting and responding to applications. This post looks in-depth at construction Applications […]
6 Reasons Why The Best Use Payapps | UK
Six reasons why the best use Payapps to streamline their applications for payment.
6 Reasons Why The Best Use Payapps | IE
Six reasons why the best use Payapps to streamline their applications for payment.
Autodesk to acquire Payapps for global payment and compliance management | IE
Payapps is delighted to share that Autodesk, a world leader in design and make technology, has entered into an agreement to acquire Payapps. This marks a pivotal milestone for Payapps and is a true reflection of the hard work and commitment of the entire Payapps team. This acquisition builds off the previous collaboration and strategic […]
Autodesk to acquire Payapps for global payment and compliance management | UK
Payapps is delighted to share that Autodesk, a world leader in design and make technology, has entered into an agreement to acquire Payapps. This marks a pivotal milestone for Payapps and is a true reflection of the hard work and commitment of the entire Payapps team. This acquisition builds off the previous collaboration and strategic […]
Helping construction companies automate payment and compliance workflows
Construction Companies are looking for ways to increase profitability through cost efficiencies and reduce risks by implementing improved compliance processes. The payment process in the construction industry is a tedious and administratively burdensome for general contractors and their trade partners. The adoption of back-office technology is becoming more critical to automating historically very time-consuming and […]
Managing progress claims & invoicing with Payapps and MYOB
At Payapps, we understand the unique challenges faced by businesses in the construction industry. That’s why we’ve developed our software to integrate seamlessly with MYOB – a leading cloud-based accounting software. With Payapps, you can enjoy all the features and benefits of MYOB while managing your progress claims more efficiently and accurately than ever before. […]
Construction Payment Management Systems vs ERPs
Construction payment management systems and ERPs are two distinct types of software used by construction companies; but what are they and what are the differences between them? Construction ERP systems Enterprise Resource Planning systems (ERP’s) are software packages developed for organisation management. Some ERP systems are industry agnostic while others are specifically built for the […]
Six Reasons Why The Best Use Payapps
In the dynamic world of construction, efficiency and clarity are paramount. Our latest infographic highlights six essential ways Payapps is transforming progress payment claims in construction management, benefiting a wide range of industry professionals. Dive into how we dramatically reduce progress payment claim approval time, increase project visibility, improve compliance, reduce financial risks, enhance collaboration, […]
Building Resilience in Construction: Insights from Sonja Horrigan, Finance Manager at FKG Group
During our insightful industry roundtables on construction resilience at Blackboard Bar in Brisbane, we had the opportunity to meet one of Payapps customers, Sonja Horrigan, Finance Manager at FKG. Tune into Sonja’s interview with Misty Cronin, Head of Sales at Payapps for Australia and New Zealand, as they delve into the prevailing challenges and opportunities within the […]
Payapps Integration with Viewpoint’s Construction ERP Jobpac Connect
Most construction companies use construction management software or enterprise resource planning systems (ERP) to make it easier to manage construction projects. These ERPs systems offer a broad range of functionality, including asset management, accounts receivables and payables, reporting and analysis, operations, and scheduling. Construction ERPs are used to manage projects and subcontracts to varying levels of sophistication; […]
Payapps Integration with Procore
Most construction companies use construction management software to make it easier to manage construction projects. These softwares offer a broad range of functionality, from pre-construction, project execution, workforce management, financial management, and many more. Construction management software are used to manage projects and subcontracts to varying levels of sophistication; however, they may lack certain features […]
On-demand Webinar: Improve Cost Management and Cash Flow for Your Construction Projects
Research by KPMG found that just 31% of all construction projects came within 10% of their initial budgets. With rising costs and inflationary pressures, it has become more challenging for construction businesses to deliver projects on time, on budget while maintaining profit margins. Furthermore, poor cash flow impacts solvency and supplier relationships. Improving project finances […]
A smarter way to manage progress claims & invoicing with Payapps and Xero
At Payapps, we understand the unique challenges faced by businesses in the construction industry.That’s why we’ve developed our software to integrate seamlessly with Xero – a leading cloud-based accounting software. With Payapps, you can enjoy all the features and benefits of Xero while managing your progress claims more efficiently and accurately than ever before. Payapps’ integration […]
Ditch spreadsheets for smarter progress claims management
Payapps provides a simplified way to manage progress claims, offering faster approvals and a single view of all contracts – perfect for ditching inefficient spreadsheets once and for all.
Payapps Integration with Cheops
Most construction companies use construction software to make it easier to manage construction projects. These softwares offer a broad range of functionality, from project management, document management workforce field/site management, financial management, and many more. Construction software is used to manage projects and subcontracts to varying levels of sophistication; however, they may lack certain features regarding […]
On-Demand Webinar: Mastering Queensland Project Trust Accounts
Discover how Payapps is streamlining progress claims so Spaceframe Buildings can focus on PTA compliance. Watch our webinar with our customer, Spaceframe Buildings. Hear from the team as they share their journey in getting “business ready” to meet their obligations under the related legislation for Queensland project trust accounts (PTA). They’ll also share […]
The Role of Digital Technology and Modernisation in Construction – the Key to Success
The construction industry is well-positioned to make good use of a range of technology on offer. Indeed, many digital applications are already being used in the construction sector to positive effect: Modular construction, building information modelling(BIM), big data, additive manufacturing, robotics, IoT, and virtual twins to name a few. In this article, we’ll decode digital transformation advances […]
Managing Construction Retention
The management and return of retention monies are a common cause of project delays and disputes, and often add an extra layer of complexity to what is already a high-pressure environment. In this recorded 1-hour webinar – hosted by Payapps in partnership with James Hukin, Director at Vital Accounts and Lewis Skittrall, Commercial Manager at […]
PropTech vDemo day by The Urban Developer
Innovative technology solutions have the potential to help businesses adapt and thrive in a fast-changing world. Our Senior BDM for Payapps, Nick Opasinis, recently joined a panel as part of The Urban Developer’s Proptech vDemo Day. The series brought together speakers who shared ways in which users can capitalise on technology platforms to better experience and extract […]
Variations to Building Works
Variations to contracts often arise in the construction world, but the nuances surrounding such variations are seldom fully understood. Find out what you need to know. WHAT IS A VARIATION? The first question should always be, what does or does not constitute a variation? Even when it is clear that changes to a contract constitute […]
Building Back Better
The construction industry has faced significant challenges in the past year due to the COVID-19 pandemic. Shutdowns and social distancing measures have caused delays and disruptions, and many businesses struggle to adapt. However, Payapps, a leading payment management platform, is working to help the industry “build back better” by streamlining payment processes and improving transparency. […]
On-Demand Webinar: Building trust with subcontractors and regulators
Watch our recorded webinar with special speaker Laura Hattin, an expert in building industry trust accounts, as she discusses the legislative requirements for construction projects in Queensland. As the trusted standard for managing progress claims, including calculating retention, Payapps is delighted to be helping builders, who operate in Queensland, understand these new requirements and their […]
What Is Retention?
WHAT IS RETENTION? Retention is security held by a procuring contractor to guarantee the performance of a suppling contractor and in particular to safeguard against defects in the event that the supplying contractor fails to satisfactorily rectify them. The security is usually in the form of case withheld (retained) but is often substituted for a […]
Why Construction Companies Should Embrace Technology For Progress Payment Claims
AN INDUSTRY READY FOR CHANGE This piece was written for S.R. Clarke & Associates, a construction industry executive search firm, by Lauren Brookes, a writer based in Colorado. The content she writes focuses on career and workforce issues in the construction industry. While technological advancement is rapidly expanding in the construction world, many companies are […]
Why We Need to Ditch The Spreadsheet to Manage Progress Payment Claims in Construction
IF YOU’RE IN THE CONSTRUCTION INDUSTRY AND TRYING TO KEEP TRACK OF PROGRESS CLAIMS, EXCEL REALLY, REALLY SUCKS. If you’re a contractor drowning in what feels like 1000 differing spreadsheets from each of your subbies, or whether you’re one of those subcontractors and you’re trying to keep track of who owes you what and when […]
What to Focus On When Engaging Construction Contractors
HOW TO CHOOSE THE RIGHT CONTRACTOR FOR THE JOB. Getting the building phase of a project right is likely to make the build go relatively smoothly. Get it wrong and cost blowouts, disputes, quality problems and acrimony will generally result. SO WHAT SHOULD YOU AVOID? ACCORDING TO MANY EXPERTS, THERE ARE SEVERAL AREAS WHERE THINGS […]
Payapps and Subcontractors
BETTER INFORMATION RESULTS IN FASTER PAYMENT APPROVALS At first it might be hard to draw the connection between the quality of information you provide to the builder and how it can affect your cashflow and payment. Imagine, a builder can receive thousands of progress claims a month. Without a system like Payapps, claims are submitted via email […]
Why The Relationship Between A Construction CIO And CFO Is Critical For Driving Innovation
THE RELATIONSHIP BETWEEN A CFO AND CIO IN THE CONSTRUCTION INDUSTRY CAN BE UNDENIABLY FRAUGHT. THE TWO EXECUTIVES OFTEN FIND THEMSELVES AT OPPOSITE ENDS OF THE BOARDROOM TABLE, ONE TASKED WITH REDUCING FINANCIAL RISK AND THE OTHER LOOKING TO GET AS MUCH PRODUCTIVITY AS POSSIBLE FROM AN OFTEN LIMITED TECHNOLOGICAL BUDGET. But financial services technology […]
Gaining a working understanding about technology adoption
New technologies are being introduced into the construction field at a dizzying rate, literally forcing construction professionals to adopt or risk being outpaced by competitors. The following paragraphs explore adoption issues the industry is currently struggling with and help equip construction professionals with the tools to understand what technology options are available, the language of […]
Watch How Easy It Is to Calculate Retention Using Payapps
Payapps is designed to improve collaboration between subcontractors and builders, especially when it comes to payment applications. We also make it super-easy to store all your contract and compliance information in one place and integrate with your favourite accounting packages like QuickBooks MYOB, and Xero. In this quick video, our product specialist Simon Shields will […]
The Next Five Years in Construction And How You Can Adapt And Thrive
The building industry is central to our economy, contributing 13% of GDP and employing over 1.4 million Australians. However, unlike other sectors, it has struggled to modernise and is challenged by rising costs, stagnating productivity, high waste and low margins. For many of us the pace of change can seem overwhelming and hard to stay […]
Tech Adoption Is No Longer A Nice To Have, It’s A Necessity
AN INDUSTRY READY FOR CHANGE The building industry is central to our economy, contributing over 13% of our GDP and employing over 1.15 million Australians*. However the industry has been plagued by rising costs, stagnant productivity, high waste and low margins for decades. The all too familiar image above of mountains of paperwork and […]
Advance Payments in Construction – What Are They and How Can They Be Managed?
Advance payments, once unheard of within the Construction industry, are starting to become a little more commonplace. But what are they and what is their purpose? The benefits of advance payments in construction Essentially, an advance payment is any money paid to a contractor or subcontractor to provide a service before the work or service […]
A Practical Guide To Construction Software Implementation
There has never been a better time to adopt technology to improve your processes and margins. But buying software isn’t the solution by itself – how you implement, communicate and train all of your stakeholders has a huge impact on the success of your software rollout. We also know that many of you do not […]
Adjudication If Parties Settle
It is always good to have as much knowledge as possible of Payment Claims and Dispute Resolutions. No contract party ever wants to end up in litigation from disputes about completion of works or non-payment. However, sometimes these issues do end up in the courts and that is when the promise of payments are a […]
Design & Construction Contracts
When it comes to building disputes, design and construct (D&C) contract disputes are a real conundrum. They are protracted, difficult to disentangle and fraught with unintended consequences. The D&C animal is a confusing and opaque beast and within the building industry has a tendency to mutate as rarely is one D&C contracting iteration similar to […]
Your Guide To Minimising Construction Project Delays
Let’s get the bad news out of the way first. Then the good news – and there is good news – can be placed in the right context. Delays in construction projects are a fact of life. In fact, they are an inevitable and unwelcome reality as one of the most common problems associated with […]
How to Make Sure Your Construction Software Roll-out Is a Success
There has never been a better time to adopt technology to improve your processes and margins. But buying software isn’t the solution by itself – how you implement, communicate and train all of your stakeholders has a huge impact on the success of your software rollout. We also know that many of you do not […]
Your Guide to Construction Progress Claims
Need to lodge a progress claim in construction? This guide is for you. Managing progress claims in the construction industry can be tricky for contractors and subcontractors, largely due to the complexity, time, and size of construction projects. Depending on the systems being used, it can be difficult to track where a claim or a […]
Make Payment Claims Easier For Your Subbies – And For Yourself!
Once a project’s underway, many construction companies get overwhelmed by the sheer effort of managing the payment claim process. It’s at least as difficult (in proportion) for the many smaller businesses that represent your subcontractors. Fortunately, there’s a smarter (and less risky) way to work for everyone – and it doesn’t involve changing your accounting […]
Digitising Construction: Shaping The Next Generation Of Professionals
![[Payapps webinar] Digitising Construction: Shaping The Next Generation](https://www.payapps.com/wp-content/uploads/2023/10/Digitising-Construction-Shaping-The-Next-Generation.webp)
We know digital transformation is driving efficiencies, improving compliance, and helping construction firms remain competitive. But what’s the role of technology in shaping the next generation of construction workers? And how do companies continue to attract and retain top talent by embracing a digital-first mindset? In this session we discussed: WATCH THE RECORDING
5 Ways to Generate Trust in Construction
The majority of clients and head contractors say they can’t trust their subcontractors to any appreciable degree – 68% according to KPMG. Equally, subcontractors feel they can’t rely on their head contractors, citing a number of reasons from poor payment processes and contract complexity through to poor planning and communication. HERE WE TOUCH ON FIVE KEY PRACTICES […]
Risk of Failing To Chase Payment
In the construction industry, contractors often leave themselves vulnerable when it comes to chasing contractor payments. Many clients wait an average 8 months before even taking action against their overdue payments! This paves the way for Security of Payment disputes and places both income and profit at risk. Blog post originated by our good friends at Contractors […]
Responding to Requests Under the Security of Payments Act
TIME FRAMES AND THE SECURITY OF PAYMENTS ACT THE SECURITY OF PAYMENTS ACT WAS PUT IN PLACE PRIMARILY TO ENSURE QUICKER PAYMENT FOR BUILDERS, BUT THERE ARE TRAPS FOR THE UNWARY IN THIS AREA THAT CAN HAVE SEVERE CONSEQUENCES. The regime provides a method for a builder to be paid for work done in a […]
8-Point Guide to Project Management Software
Construction business owners and project managers alike know how tough it can be to manage a project, but some are reluctant to change processes to find an easier solution to management. EXPLORE THE VALUE THAT CLOUD-BASED OPTIONS CAN BRING TO YOUR BUSINESS SCENARIO 1: WITHOUT PM SOFTWARE Before you have even had your morning coffee, […]
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 achieve the projected operational results and maintain profitability for the business. For many companies, this project performance assessment, or valuation, consists of a monthly review process that is typically compiled from manually created spreadsheet data […]
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 flow can have just as negative an impact on your business as the financial costs. HERE ARE 8 WAYS POOR CASH FLOW COULD BE AFFECTING YOUR BUSINESS. 1. INCREASED INTEREST AND BANK CHARGES When having […]
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 has struggled to modernise and is challenged by rising costs, stagnating productivity, high waste, and low margins. Throw in a global pandemic, and the challenges are only exacerbated. Despite the recent events, a survey conducted […]
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 Construction Commission (ABCC) by the Turnbull government has yet again put a spotlight on the productivity and lack of technology innovation in the Australian construction sector. Turnbull wants an independent body to keep an eye […]
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 smooth completion of project assessments and facilitates timely assessment and subsequent claim approvals on any given project. However, collaboration and communication along the supply chain are long-term pain points for the industry. Companies today are […]
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 rise in costs of building resources and supply chain challenges. In my recent guest spot on the Master Builders Elevate Podcast, host Ryan Castle and I discussed a number of topical issues around New Zealand and […]
Partner spotlight: ProcurePro
A brief overview of your company ProcureProProcurePro is a procurement and contracting platform, enabling construction contractors to compare, select, approve and contract with subcontractors on the one platform. ProcurePro provides visibility, controls, consistency and efficiencies to the highly manual subcontractor procurement process, enabling quality that improves commercial outcomes for construction projects. What’s the biggest challenge […]
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 the COVID-19 pandemic have propelled ongoing issues into a heightened state, and left many organisations big and small struggling to meet project requirements, secure supplies and pay contractors and subcontractors on time. At Payapps we’re […]
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 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 […]
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, a UK-based construction software company specialising in subcontractor payment claims. This pivotal move marks a significant milestone for Payapps, as it enhances its product offerings but also broadens its client base, solidifying its reputation as […]
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 and Blackbird in Brisbane. The roundtables brought together construction leaders and professionals to explore how businesses can enhance their resilience in industry with many disruptions. The roundtable moderator, Jordan Skinner, host of Australia’s #1 Construction Podcast […]
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 as Mental Health Month, it serves as a poignant reminder of the imperative to prioritise the mental well-being of individuals across all walks of life, including those in the construction industry. Payapps is committed to making a […]
Building Resilience in Construction: Insights from Peter Rahilly, Director of 2Construct
The Payapps team in Australia had the privilege of hosting round tables in Brisbane & Melbourne on building resilience in the construction industry. Our Rockpool Bar & Grill Melbourne guests were privileged to hear from Peter Rahilly, Director of 2Construct. Watch Misty Cronin, Head of Sales at Payapps for Australia and New Zealand, interview Peter to get his thoughts on the […]
Charting the Future of Construction: Embracing Challenges and Harnessing Technology
The Australian Intergenerational Report 2023 is not just a statistical forecast—it’s a compass guiding us through the challenges and opportunities of the upcoming decades. Central to this narrative is the construction sector. As the nation increasingly leans towards a service-oriented economy, construction becomes paramount, emphasising the integration of technology and the need for proactive action. The Evolving Digital […]
Unlocking Success in Construction: A Deep Dive into Data and System Integrations
The construction industry, often seen as a bedrock of tradition, is undergoing a transformative shift. Fueled by the digital revolution, this metamorphosis reshapes how construction businesses operate, plan, and execute their projects. However, many construction companies are not meeting their full potential as they rely on manual processes and a clunky mish-mash of different systems, impeding […]
Payapps Recognised as Best SaaS Product for the Construction Industry at the 2023 SaaS Awards
Technology plays a vital role in empowering businesses to adapt and thrive in a rapidly evolving construction industry. Payapps, a leading global construction software solution, has recently been recognised as the Best SaaS Product for the Construction Industry at the prestigious 2023 SaaS Awards. This achievement highlights Payapps’ commitment to simplifying and standardising progress claims, supporting main contractors and subcontractors in successfully navigating […]
Payapps Achieves ISO 27001 Certification: Elevating Trust and Security in Construction SaaS Industry
How Digital Adoption Drives Financial Resilience In Construction
Technology is helping construction companies improve cash flow and reduce late payments – offering greater financial resilience and enhanced business health in a challenging economy. In the fast-paced and dynamic world of construction, staying ahead of the curve is crucial for businesses aiming to thrive and flourish. Our recent research highlights the powerful impact of […]
Payapps Shortlisted for Best SaaS Product for the Construction Industry Award
The leader in progress claim software is recognised for empowering resilient businesses through innovative construction technology adoption. Construction businesses must adapt and thrive in a challenging operating environment in an ever-evolving construction industry marked by post-pandemic challenges and rapid technology adoption. Amidst this backdrop, Payapps, a leading global construction software solution, has been shortlisted in […]
Making EoFY easy for construction businesses
If you feel like the lead-up to the end of financial year (EoFY) is always a mad rush, we’re here to help make the process easier for you. In this article, we give you all the tips and tricks you need to simplify your admin and get your finances in order before June 30. With […]
Simpler, faster and fairer: a level playing field for construction
The construction industry is becoming more complex, exacerbated by the increased size of projects, global forces, and market challenges. Complexity can lead to increased risks, and it is critical that risks are allocated fairly between parties, rather than simply be shifted around to those least able to manage them. Contracts help protect all parties, define […]
Navigating The New Retention Legislation in New Zealand
Construction retention is a part of the contractual agreement between contractors and subcontractors, which ensures that a portion of the payment is withheld until the project is completed satisfactorily. In New Zealand, the practice is governed by the Construction Contracts Act, and recently, a significant amendment was introduced through the Construction Contracts (Retention Money) Amendment […]
