With advancements in technology, construction companies are now transforming their business processes and shifting towards automation to improve efficiency and productivity. Optimizing invoice processing is an important aspect of every construction project. Construction projects are becoming more complex and expensive putting managers under tremendous pressure to reduce costs, timelines and improve efficiency.
With LTI’s Project Payment Paychain solution based on SAP cloud platform, you can automate your project payment process across organizational boundaries enabling contract compliant billing and payment. This brochure will give you an overview of this solution and example of how payments are made in a complex multi-tier team structure throughout the project lifecycle.
