One of the biggest problems facing any construction company is accurately paying their subcontractors in a timely manner, and to the correct amount. With the labour shortages within the industry being so dire, keeping your contractors happy by paying them on time is critical to making sure your jobs continue toward completion.
It is important to check that the invoices related to specific purchase orders are accurately logged and matched against work that has been completed. This requires a significant amount of administrative heavy lifting from both the contractor and from your internal admin staff.
Visualizing all of the data allows for easier validation and approval of the invoice for payment. This not only keeps subcontractors happy but also ensures compliance with government regulations which are changing due to the circumstances surrounding the entire construction industry.
The Evolve Accounts Payable construction software management solution saves time for both contractors and internal administrative staff, in some instances reducing administrative tasks by up to 80%. The payment process is streamlined, with decisions able to be automated, so your CFO no longer needs to chase their tail because the rules dictated sets the payment terms.
You can even set different specific terms for different suppliers or contractors. A snapshot of the full benefits of our accounts payable system is outlined below.
Our construction software management system for Accounts Payable puts you back in charge of the money flowing out of your business to your contractors.
At a time where paying your contractors is so critical to keeping them working on your jobs, a solution like this, that delivers unbelievable transparency at your fingertips on any device, whilst saving you time and administrative headaches, is a no brainer.
Contact Bill today on 0438 508 070 or book a demo below.