• How it Works
  • Lenders
  • Owners
    • Property Managers
  • Contractors
  • Lien Services
  • Blog
  • Contact Us
  • How it Works
  • Lenders
  • Owners
    • Property Managers
  • Contractors
  • Lien Services
  • Blog
  • Contact Us

Simplify Your Monthly Pay-App & Draw Processes

September 6, 2019Jessica JonesLeave a Comment

A 2018 report by Contract Simply revealed that late payments in the construction industry cost $40 billion annually. Any professional who works in construction in some capacity knows: consistent payments are one of the biggest challenges the industry faces. The other major challenge? Avoiding contract disputes and claims.

That’s why payment applications and draw processing is so important. That’s where DrawAlert comes in: when utilizing DrawAlert, it’s easy to get a detailed rundown of a specific construction project, including labor, materials and change orders, plus the amount of the project that has been completed.

In DrawAlert’s Version 3.6 release, pay-apps and draw processing was added to our robust construction administration software, helping to save you time, money and headaches. With DrawAlert v3.6, you’re better able to simplify your monthly processes by reviewing, approving and completing payment applications and draw processing directly in the software.

How It Works

But, how exactly does DrawAlert simplify your reporting? Stakeholders are able to upload invoices and waivers for review. Then, the appropriate stakeholder reviews and approves payment applications. In terms of draw processing, the funding source initiates the “DrawAlert” every time a draw is issued, and all stakeholders are notified. Plus, draw data is gathered and generated into a pay-app report once the waiver approval process is complete.

Experience end-to-end document management, and simplified pay-apps, funds controls and draw processing with help from the market’s leading construction administration software: DrawAlert. Built for the industry, by industry experts, this software offers a collaborative solution for all parties on a construction process, plus a faster pay-app process. Are you ready to experience the benefits of DrawAlert? Contact us today for a demo.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Recent Posts

  • DrawAlert 4.0: Cost or Investment for General Contractors?
  • DrawAlert 4.0: Built for the Industry by Industry Experts
  • DrawAlert 4.0 is Here!
  • The Construction Industry Needs Funding Transparency for All Parties  
  • Stop Wasting Time & Money with These 5 Construction Mistakes

Recent Comments

  • Ted Ritter on Project Attrition: The Result of Slow Pay in Construction
  • Matt Marino on Project Attrition: The Result of Slow Pay in Construction
  • andrey on Project Attrition: The Result of Slow Pay in Construction
  • Jessica Jones on How to Successfully Manage a Construction Budget
  • Steve Denny on How to Successfully Manage a Construction Budget

Categories

  • Best Practices (21)
  • Construction Administration Software (4)
  • DrawAlert Updates (14)
  • Ethical Business Practices (7)
  • Industry News (11)
  • Money & Construction (8)
  • Pre-Lien Process (1)
  • Prompt Pay Act (2)
  • Technology & Construction (10)
  • Uncategorized (10)

Links

  • Demo Site
  • Login
  • RFP Addendums
  • Terms of Use
  • Privacy Policy
  • How it Works

Contact Us

888-801-3787

ted.ritter@drawalert.com

ted.ritter@drawalert.com

Follow Us

Get in Touch

  • This field is for validation purposes and should be left unchanged.

© 2022  DrawAlert – Site by LMI360 | Powered by SM