Viewpoint Technology

How to Transform Your Construction Accounts Payable Process

0%

In 15 minutes, learn how modern construction software can turn your multi-step accounts payable process into a single, seamless experience.

Construction Accounts Payable
Accounts payable departments can move from cost centers to revenue generators with a single step AP process.

82% of finance professionals said their company was targeted for payment fraud, according to the Association for Financial Professionals

With more and more construction organizations striving to better protect their organizations from payment fraud, it's no wonder that paper processes are being spurned in favor of digitization. And, as technology has advanced to further allow for integration of construction payment data and workflows, contractors are now able to more closely monitor their payment data in real time, ensuring accuracy, while simultaneously speeding up payment processes.

Furthermore, modern construction accounts payable solutions are creating new profit centers for contractors. By utilizing credit card services to pay vendors, contractors can take advantage of lucrative rebate programs — all while saving time and money associated with printing and mailing checks. This is turning AP departments from cost centers to revenue generators.

Construction Accounts Payable Software is the Way to Go

Today’s modern cloud technologies are allowing contractors to digitize their processes, removing manual processes like pen and paper, spreadsheets and email in favor of connected solutions with real-time data and workflows. What does that mean for the accounts payable process? It means faster, more accurate data available at your accounting team’s fingertips to keep the bills paid and ensure your company is not overpaying.

With real-time, data and connected workflows, things like AP invoice approvals can happen quickly from anywhere — not just the back office. Payment reviews, data entry and much more can be done without having to jump from system to system or rekey data from piles of paperwork. An organized, digitized library of vendors, customers, contracts and more can be at your disposal with the ability to look up information in seconds versus hours.

Simplifying Construction AP Management

In this on-demand webinar, Viewpoint Director of Product Management Michael Smith demonstrates the difference between manual accounts payable workflows versus a streamlined, integrated AP management process with Trimble Construction One. You’ll learn how Trimble Construction One can make AP management simpler by:

  • Quickly finding customers and vendors in an integrated accounting system
  • Utilizing a mass invoice upload feature
  • Pulling correct tax code information from Vista
  • Approving invoices in the office or on a project site with a mobile device

    You’ll also see how an integrated AP solution can improve data capture and visibility making project forecasting accurate.

    Learn how to steer clear of error-prone paper and manual processes and move into integrated, accounts payable workflows that can make invoicing, reviewing and receiving payment faster and easier. Watch the full Take 15 webinar below!

    Watch the video below.

    Posted By

    Gallit is a content marketing manager at Viewpoint. Her ten years of marketing experience spans across various industries. Gallit enjoys learning about the exciting world of construction and sharing what she has learned with the industry.

    Viewpoint Technology