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Global software payment management provider Payapps has launched an innovative new initiative to look at how companies can thrive in challenging times. The initiative provides a vital platform to support ‘open knowledge sharing’ to help the sector switch from survival gear into thrive mode.

 

Payapps is driven by the need for software that modernises the process for submitting and certifying applications for payment, making the lives of commercial and finance teams easier.

Find out more about how we can support you with payments to your supply chain. 

 

Iain McIlwee, Chief Executive of FIS discusses understanding and managing risk and how the construction industry can thrive post-pandemic.

 

Johnathan Munkley, founding member of Zero Construct discusses the adoption of digital tools and Net Zero target

From Surviving to Thriving

In the past two years the global economy has seen some of the most disruptive times in history, with the construction sector as susceptible to these challenges as other industries. Through a series of video interviews and blogs with contractors, consultants and trade organisations, the Payapps ‘From Surviving to Thriving’ initiative explores tactics used for managing challenging times in the industry – what lessons were learned and what should be considered for future success.

Commenting on the initiative, Head of Payapps UK&I Neal Hooks said: "From lockdowns and travel restrictions to supply chain issues, skills shortages and project suspensions, many contractors across the construction sector have had to adapt and change the way they work and do business."

“However, through these challenges companies are actually finding the break from the norm is presenting opportunities to look outside of the box and assess their current way of working.”

Within the 'From Surviving to Thriving’ interview Iain Mcllwee CEO of FIS spoke about how “Putting risks down on paper and confronting these systemic issues is a great place to start, and will help firms to put a system in place to help protect themselves from risk in the future.”

Jenner’s Head of Communications and Business Development Ella Brocklebank said that “I think we had to adopt digitalisation in the pandemic to survive. Now it’s the new norm. People often shield away from it, but then they had to embrace it. I think it has been a positive move forwards for everyone in construction and helped us emerge as an innovative industry.”

Ollie Hughes Event Director and Co – Founder of Digital Construction week explained that “There is a digital maturity coming through which means we can start to look at how technology can help solve some of the built environment’s bigger challenges like Net Zero and Environmental, Social and Corporate Governance (ESG)”.

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FIS - Digital and the construction industry

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DCW - Solving challenges through live construction events

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Zero Construct - Technology and Net Zero targets in... Watch Now

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