Construction Payment Software for General Contractors
Flashtract works for General Contractors
Here's How
Step 1: Create a Project
- Enter general project information like project name, project address, original contract sum, and project number
- Set the approval chain on each project which can be customized to be as simple or as complex as necessary.
- Specify project billing details such as the retainage rate, required attachments, and custom documents needed for submission
Step 2: Invite Subcontractors
- Upload your schedule of values spreadsheet to Flashtract
- Set up all of your subcontracts through our general contractor billing software
- Send subcontractor invitations and set custom terms allowing them to get started using Flashtract’s payment management software
Step 3: Approve or Decline Submitted Payment Applications
- Automatically send text, email, and phone call billing reminders to subcontractors who haven’t their submitted pay apps
- Construction payment automation routes payment applications to the correct users in the approval chain
- Approve or decline work and view attached documents all through your construction payment software.
Step 4: Export Approved Work and Generate Reports
- Export your project budget or schedule of values from Flashtract as an AIA G702/G703 style document
- Quickly generate financial summaries and monthly cash flow reports with construction payment software
- Flashtract integrates with your company’s accounting software to automatically keep your data in sync.