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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

Read More »
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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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

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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

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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,

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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

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Payapps Achieves ISO 27001 Certification: Elevating Trust and Security in Construction SaaS Industry

Payapps Achieves ISO 27001 Certification: Elevating Trust and Security in Construction SaaS Industry

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How Digital Adoption Drives Financial Resilience

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

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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.

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

Read More »

How Payapps makes assessing and approving payment claims 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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