Streamlining applications for payment,
for improved cashflow visibility in challenging times
In these challenging times, it’s especially important to be able to easily and accurately predict cashflow in an efficient way. This often separates those construction businesses who are thriving from those who are merely surviving.
Payapps allows improved visibility of the status of payments, both certified and due, improving predictability of cash flow across your projects.
Improve processing efficiency
Gone are the days of hunting through error-prone paperwork, emails and spreadsheets. Ensure standardised, consistent formatting of all applications for payment, variations and retention by submitting and processing them online in one, central place… any time, anywhere and from any device. Our customers report processing time and costs are cut by up to 50%.
Increase visibility of applications for payment and cashflow
In-depth reporting and instant access to real-time payment status reduces time spent chasing and receiving queries relating to applications for payment, and means more predictable cashflow for both contracting and subcontracting parties. Payapps can be used standalone or integrated with leading construction ERP and accounting systems, to ensure a single, accurate source of truth.
Ensure compliance and reduce risk
Automated reminders help subcontractors prepare applications for payment and provide supporting documentation and insurance details in a timely manner. Meanwhile, to reduce the risk of disputes and project delays, intuitive workflows ensure contractors adhere to payment notice and pay less notice deadlines throughout the certification process, in line with the UK Construction Act and Ireland’s Construction Contracts Act.
Your next step
To understand more about how we can help your business thrive, visit uk.payapps.com or contact us today.
About Us
Every day, leading construction firms and thousands of subcontractors collaborate using Payapps to streamline the process of submitting and certifying applications for payment… making the payment process simpler, faster and fairer, and making cashflow easier to forecast.
Use Payapps technology for a modern, efficient process that ensures
• Consistency of information
• Greater transparency
• Increased accuracy
• Improved compliance
• Reduced financial risk
• Fewer disputes
• Fairer outcomes
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