THE OFFICIAL VIEWPOINT CONSTRUCTION TECHNOLOGY BLOG

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THE OFFICIAL VIEWPOINT CONSTRUCTION TECHNOLOGY BLOG

Viewpoint Technology

2 Minute Read

How to Transform Your Construction AP Process

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

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So many payments and vendors, yet so little time. With all the steps involved in paying vendors and suppliers, it's no wonder that current construction AP processes are stressful, often error prone, and can even lead to exploitation or fraud. Furthermore, for contractors relying on manual invoicing, disconnected software and utilizing paper checks, the seemingly simple act of paying vendors can result in unnecessary late fees, frustration among project team members, legal and compliance risks and even project delays or stoppages. Without a digital process in place in today’s modern working environments, how much harder is it to keep track of who you have paid and when? And how much money are you leaving on the table?

Construction Accounts Payable
AP 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 AP 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.

Introducing Viewpoint ePayments

Learn more about how to reduce the risk of fraud and turn your payment process into a single step in our on-demand Take 15 webinar, “Save Time with Simplified Vendor Payments.”

You'll learn how Viewpoint ePayments can:

  • Reduce risk by removing paper processes such as printing, signing and mailing checks.
  • Save time by resolving payment mistakes.
  • Improve communication and reputation by answering supplier payment questions quickly and accurately.
  • Reduce costs by switching to electronic payments while earning rebates.

Learn how you can transform your AP processes and therefore, transform your construction organization. Watch the video below.

To learn more about how ePayments can help your construction organization specifically streamline the payment process, please contact us.


Posted By

Gallit Itzhaki

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.

Learn more about billing and invoicing in construction and how to streamline your AP department

Turning AP from a Burden to a Boon

3 Ways to Reduce Construction Late Payments

How to Successfully Integrate Construction Accounting and Operations

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