Project Pay Chain
- Efficiently manage project payments by providing visibility & control over capturing progress and corresponding payment applications
- Improved cashflow control through efficient contract management, leading to enhanced profitability
- Collaborative platform to connect business partners across the value chain and to establish single source of truth
Challenges
- Extensive manual reconciliation of subcontractor and contractor progress/payment applications
- Vulnerability to data errors, extensive reviews and iterations involved before payment finalization
- Harder for all parties to agree on a single source of truth leading to inefficient payment certification process and delayed payments
- Lack of visibility w.r.t progress v/s payment, affecting working capital management, cashflow and profitability
Reach us
Industry specific Contract structure set-up
Sales Order - Purchase/Service Order Linkage
Payment Applications
Change Order Execution
Compliance Document Management
Subcontractor Change management
Billing back-up Document Management
Benefits
- Enhanced cashflow management due to better payment visibility w.r.t actual progress, leading to better profitability
- Effective management of payment application process with reduction of manual reconciliation & iterations leading to improved productivity
- Enhanced collaboration across value chain reduces data errors, improves response speeds, thus shortening payment processing cycle times
- Detailed Profitability Analysis by comparing contract item wise incoming and outgoing payment
