This strategic partnership marks a new era in financial management for all sizes of Coins customers. The standardisation and automation of applications for payment afforded by Payapps, integrated with Access Coins ERP software, will facilitate closer collaboration between a contractor’s commercial and financial teams allowing for more efficient handling of subcontractor payments.
The construction industry is often burdened with fragmented workflows, cumbersome compliance processes, and delays in payment approvals. Contractors and subcontractors frequently face challenges related to tracking applications for payment, maintaining visibility of project finances, and ensuring compliance with payment regulations.
The integration between Access Coins and Payapps directly addresses these pain points by allowing users to receive and assess applications for payment in a standardised format, with payment notice information posted automatically into Access Coins to create certificates, ready for payment approval.
Chris Westbury, Strategic Operations Director at Access Construction, commented -
“With Access Coins’ robust ERP capabilities, contractors gain real-time insights into project costs, budgets, and cash flow. By integrating Payapps, these financial insights are extended to include up-to-date information on submitted, certified, and paid applications for payment. Together with Payapps, we will reduce the administrative burden and challenges typically associated with payment management and ensure compliance with construction contracts and regulations.”
Enthusiastic about the partnership, Neal Hooks, Head of Payapps UK&I, added -
“Payapps and Access Construction share a vision to deliver efficient, streamlined workflows across project and payment management, and a single source of truth across project data. Our work together will eliminate the time-consuming double-entry of information and ensure data consistency and accuracy across both systems, reducing bottlenecks and disputes while improving cash flow for all project parties.”
This partnership will empower businesses to focus on growth while leaving the complexities of payment management and project tracking to these user-friendly, award-winning software solutions.
About The Access Group
The Access Group is one of the largest UK-headquartered providers of business management software in the UK, Ireland, USA and Asia Pacific. It helps more than 100,000 customers across both commercial and non-profit sectors become more productive and efficient. Its innovative cloud solutions transform how business software is used, giving every employee the freedom to do more of what’s important to them. Founded in 1991, The Access Group employs approximately 7,500 people.
About Access Construction
Access Construction is part of the Access Group, the UK's largest provider of business management software. With a team of over 400 divisional employees, Access Construction delivers purpose-built best-in-class technology for the construction industry.
Access Construction’s solutions serve a wide array of sectors spanning three major global markets: the UK, USA, and Australia.
Access Construction’s expanding construction ecosystem is designed to enhance their customers' operational efficiency and project delivery.
Access Coins was named Product of the Year at the Construction Computing Awards 2024, and also ERP of the Year, retaining its 2023 title.
For more information, visit the Access Construction website.
About Payapps
Payapps, an Autodesk Company, offers a cloud-based collaboration tool for the construction industry. It helps contractors and subcontractors simplify and expedite the assessment of applications for payment, including variations and retention.
A simpler and faster digital process ensures greater transparency, increased accuracy, improved compliance, reduced financial risk, fewer disputes, and fairer outcomes. Payapps significantly cuts application for payment processing time, helping to meet regulatory requirements.
Compliance is improved and made easier with documentation verification integrated with the assessment process. Seamless integration with ERP and accounting systems reduces re-keying and helps provide real-time data on all project payment requests and approvals.
Payapps was voted Company of the Year by the industry at the Construction Computing Awards 2024, and has twice-won Cloud Technology of the Year.
For more information, visit the Payapps website.