Payapps

Payapps

Cloud collaboration platform managing the entire construction project payment claim and approval process.

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€0.0

round
investor

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round
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$387m

Acquisition
Total Funding000k
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Payapps, an Autodesk company, provides a cloud-based software solution designed to streamline the payment application process within the construction industry. The platform connects main contractors and subcontractors, facilitating the submission, assessment, and certification of payment claims. By digitizing and standardizing this workflow, it aims to reduce administrative overhead, minimize disputes, and accelerate payment cycles. The system allows for the tracking of retention and variations, ensuring all financial aspects of a project are accurately documented and managed.

Payapps operates on a subscription-based model, with pricing plans tailored to the volume of projects and business size. Its solution integrates with existing construction ERP, project management, and accounting software, enabling data to be entered once and synchronized across systems. This creates a single source of truth for all payment-related activities, enhancing transparency and collaboration between parties. The company primarily serves the construction sector, from large main contractors to smaller subcontractors, helping them manage cash flow and compliance more effectively.

Keywords: construction finance, payment management, subcontractor payments, application for payment, cloud software, compliance, retention tracking, project finance, construction tech, payment automation

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Investments by Payapps

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ACQUISITION by Payapps Oct 2023