By digitizing and automating the payment process and implementing real-time payment exchange, construction companies can decrease risk and take steps to improve profitability
Construction companies can automate payment and compliance workflows.
Payapps and Autodesk have formed a strategic alliance to strongly align Autodesk Construction Cloud solutions with Payapps’ best-in-class global construction payment management solutions globally, including Australia and New Zealand.
The alliance enables both Autodesk and Payapps to offer their respective customers real-time accounting and faster payment cycles during the construction process.
Payapps provides contractors in Australia and New Zealand solutions that improve the entire subcontractor payment management process from the inclusion of schedules of values all the way through to electronic payment.
“The payment process in the construction industry is a tedious and administratively burdensome one for both general contractors and their trade partners,” says Sidharth Haksar, head of construction strategy and industry partnerships at Autodesk.
“The adoption of back-office technology is becoming more critical to automate what has been historically very time-consuming and error-prone manual processes in managing subcontractor billing,” says Geoff Tarrant, executive chairman of Payapps.
Autodesk Build, the comprehensive field and project management solution that is part of Autodesk Construction Cloud, currently integrates with many of the same leading ERP systems as Payapps does with its GCPay solution.
Through these integrations, Payapps and Autodesk feed and receive data to and from those ERP systems, for real-time accounting and payment management.
Autodesk and Payapps will work together to identify additional integrations that will benefit each other’s common customer base.