Autodesk to acquire Payapps for global payment and compliance management | IE

Autodesk x Payapps

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

Autodesk x Payapps

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

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

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

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

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

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

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

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

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 […]

Payapps Integration with Cheops

Payapps-Integration-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

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 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

On-Demand Webinar: 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

Webinar: PropTech Demo 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 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

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

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?

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

Why Construction Companies Should Embrace Technology

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 […]

What to Focus On When Engaging Construction Contractors

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

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

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

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

Learn 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 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

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 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

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

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

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

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

Payapps Webinar: Make Sure Your Next Enterprise 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

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

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

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

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

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

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

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 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

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

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

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

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 […]

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 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

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 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!

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

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.

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

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

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

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

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 […]

How Digital Adoption Drives Financial Resilience In Construction

How Digital Adoption Drives Financial Resilience

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 the prestigious 2023 SaaS Awards program under the "Best SaaS Product for the Construction Industry" category. This recognition reaffirms Payapps' commitment to simplifying and standardising progress claims, enabling main contractors and subcontractors to navigate the dynamic construction sector successfully. By offering streamlined processes, improved collaboration, real-time visibility, and financial control, Payapps empowers construction businesses to build resilience for long-term success and sustainability. This recognition follows the company's recent wins, including the Australian Good Design Award in Digital Design and the UK's Construction Computing's Cloud Technology of the Year Award. Being shortlisted for this award recognises that Payapps enables users to improve construction contract administration, reduce compliance risk, and experience faster progress claim approvals for improved cash flow and financial stability, ultimately contributing to their long-term success and sustainability. Enhancing Construction Contract Administration: With supply chain pressures, rising costs due to inflation, and labour shortages impacting the construction industry, efficient contract administration has never been more crucial. Payapps emerges as a trusted solution by providing streamlined processes that enable users to improve operations by automating progress claims and approvals. Payapps reduces manual errors and speeds up the claim approval process, resulting in improved cash flow and financial stability for construction businesses. Reducing Compliance Risk: Compliance is crucial for construction businesses, as non-compliance can lead to significant penalties and delays. Payapps addresses this challenge by standardising and centralising progress claim processes, ensuring adherence to regulatory requirements, including various state-based security of payment legislation acts (SOPA) and minimising compliance risk. The software's robust features enable businesses to track and manage compliance documentation efficiently, providing peace of mind and mitigating potential legal and financial liabilities. Real-time Visibility and Collaboration: Successful construction projects rely on effective communication and collaboration among project stakeholders. Payapps facilitates improved collaboration by providing a centralised platform allowing all parties to access real-time project data. This visibility enhances communication, reduces delays, and fosters better decision-making, improving project outcomes. Payapps enhances efficiency and productivity across the construction value chain by streamlining communication channels and facilitating collaborative workflows. Financial Control and Stability: Managing finances is critical for construction businesses' long-term success. Payapps empowers companies with greater financial control by providing real-time insights into progress claims and approvals. Payapps enables businesses to monitor progress claims, manage project budgets effectively, and maintain financial stability by automating financial processes and providing accurate reporting. With improved financial control, construction businesses can make informed decisions, optimise resource allocation, and mitigate financial risks. Commitment to Innovation and Trust: Geoff Tarrant, Executive Chairman and Co-Founder of Payapps expressed his delight at being shortlisted for the SaaS Awards, emphasising Payapps' commitment to improving the construction sector through trusted and innovative collaboration tools. Payapps has gained global recognition by focusing solely on simplifying and standardising progress claims and approvals. This dedication to delivering industry-specific solutions has made Payapps a trusted partner for main contractors and subcontractors worldwide. Payapps stands out as a resilient and innovative solution for construction businesses in an industry defined by dynamic challenges. The recognition of being shortlisted in the 2023 SaaS Awards program affirms Payapps' commitment to transforming the construction sector by providing streamlined processes, improved collaboration, real-time visibility, and financial control. By leveraging Payapps' powerful features, main contractors and subcontractors can confidently navigate the ever-changing construction landscape, fostering long-term success and sustainability. As technology continues to shape the industry, Payapps remains at the forefront, empowering construction businesses to thrive in a challenging operating environment.

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

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

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

Risk of Failing To Chase Payment

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 […]

Building Resilience in Construction Roundtables: Discussion Insights

Building Resilience in Construction Roundtables: Discussion Insights

In the rapidly evolving landscape of the Australian construction industry, many challenges confront businesses and professionals alike.  The sector, faced with labour shortages, rising costs, and intensifying competition, seeks to navigate the complexities of an industry under pressure.  Amidst these challenges lies the quest for resilience, a quality that could dictate the future trajectory of businesses within […]