Accounting & Payment Solution Overview
BuiltWorlds defines accounting & payment solutions as tools that are leveraged to track vendor and subcontractor invoices, manage finances, capture expenses, and facilitate the billing process.
Accounting & payment solutions cater to the unique needs of general contractors by providing detailed financial tracking, reporting, and process management at the individual project level. These solutions streamline critical construction-specific workflows like subcontractor billing, change order management, compliance documentation, and progress payment applications. The solutions also handle industry requirements such as construction payroll, certified payroll reports, and joint-check payments. With centralized project oversight and robust approval workflows, general contractors can make informed decisions, improve cash flow, and maintain tighter financial controls throughout their projects.