Construction Payment Software for General Contractors
Flashtract works for General Contractors
Here's How
Step 1: Implementation and Training
- Attend a 30 minute kickoff call to discuss your company’s specific workflows and custom documents with our customer success team
- Receive personalized project management and administrative team training
- Begin utilizing Flashtract subcontractor billing management system in less than 2 hours
Step 2: Create a Project
- Predefine the subcontract terms such as contract amount and retainage terms
- Select customizable required billing documents (AIA payment applications, custom pay apps, lien waivers, sworn statements, stored material backup, etc.)
- Send subcontract invitations and Flashtract will reach out on your behalf to train/onboard your subcontractors
Step 3: Subcontractor Submits a Bill
- Required subcontract schedule of values set up which can be reviewed and adjusted by the general contractor
- Pay apps are created by entering a percent complete or dollar amount by line item in schedule of values
- Electronically sign auto-generated required documents (pay apps, lien waivers, etc.) dependent on billing situation
Step 4: Review, Approve, or Decline Submitted Pay Requests
- Automated billing reminders sent via text, email, and call to subcontractors who haven’t submitted their pay apps
- Customizable workflow automation routes pay requests to the correct team members in the approval chain
- With a click of a button approve, decline, or comment on submitted progress percentages and view attached lien waivers, affidavits, stored material backup and other billing documentation
Step 5: Internal Accounting teams and Subcontractors Notified
- Automated email distribution of all approved billing documents to your accounting team
- Subcontractors can track in app and receive email notifications regarding the status of their submitted pay request
- Access user friendly dashboards and generate reports so at a glance you can see where your attention is needed on a project
