Autodesk and Payapps Limited have formed a strategic alliance to align Autodesk Construction Cloud solutions with Payapps’ global construction payment management solutions in Australia, New Zealand, United Kingdom, and Ireland, and GCPay in North America. This collaboration will enable customers of both companies to benefit from real-time accounting and faster payment cycles during the construction process.
Payapps provides subcontractor payment management solutions that improve the entire payment process, including the inclusion of schedules of values and electronic payment. GCPay provides general contractors in North America with similar benefits and manages the lien waiver exchange with their subcontractors through electronic payment processing. Digitizing and automating the payment process and implementing real-time payment exchange can reduce risk and improve profitability for construction companies.
Geoff Tarrant, Executive Chairman of Payapps, said that construction companies are seeking ways to increase profitability through cost efficiencies and reduce risks by implementing improved compliance processes. The adoption of back-office technology is becoming more critical to automate historically time-consuming and error-prone manual processes in managing subcontractor billing. Tarrant added that partnering with Autodesk will help extend technology benefits to customers of both companies to improve their accounting and AP processes.
Sidharth Haksar, Head of Construction Strategy and Industry Partnerships at Autodesk, said that the payment process in the construction industry is tedious and administratively burdensome for general contractors and their trade partners. Collaborating with Payapps will enable Autodesk Construction Cloud customers to automate a spreadsheet-driven workflow and reduce payment cycle time, and eliminate potential errors.
Autodesk Build, the comprehensive field and project management solution that is part of Autodesk Construction Cloud, currently integrates with leading ERP systems in North America, as Payapps does with its GCPay solution. As part of the strategic alliance, Autodesk and Payapps will work together to identify additional integrations that will benefit each other’s common customer base.
Payapps is a renowned company that offers advanced payment management solutions for the construction industry worldwide. Our innovative solutions streamline the flow of money, leading to better building experiences for all involved. By providing a collaborative platform, Payapps enhances efficiency and transparency while reducing risk, resulting in a simpler, faster, and more equitable process for all stakeholders. We believe that teamwork yields better results, and our cutting-edge technology enables people to work together seamlessly. To learn more about our services, please visit our website at www.payappscompany.com.