Products
eznetpay™ is a fully integrated Web-based payment processing system that manages the financial and project relationships between contractors providing services with project owners. The application is designed to work with any arrangement involving pay requests, approval sequences and disbursement of funds for services rendered.
eznetpay™ is creating efficiency and accountability within the building industry’s payment process by synchronizing payments between financiers and builders, contractors, materials suppliers, and others involved in the construction and contract-for-services' industries.
eznetpay™ Brings Valuable Benefits To Financial Institutions and Owners
- Reduce payment risk – funds can go directly to subcontractors and suppliers or to the general contractor
- Lower overall cost - less time tracking lien waivers, change orders and project status since auto-generated electronically
- Environmental savings – paperless process
- Higher accountability - improved work flow efficiency with real-time status information on your desktop
- Improved decision making – consolidated data at your fingertips
- Eliminate errors
- Improved file management
- Improved reporting – dashboard of activity across all projects
- Improved communications between contractor, subcontractors, vendors, lenders and project owners
- Internet-based, no software to maintain on company server
eznetpay™ Brings Valuable Benefits for Contractors
- Time savings – expedited payment process allows for enhanced credit opportunities
- Automated lien waivers reduces documentation and risk issues
- More time spent on important aspects of construction
- Opportunity to take advantage of pricing discounts
eznetpay™ Brings Valuable Benefits to Payees
- Time savings – receive earned funds within days versus weeks or months
- Funds sent electronically to bank account
- Improved productivity and loyalty of staff
- Streamlined documentation
- Better communications between contractor and bank for payment time lines
eznetpay™ Brings Other Valuable Benefits
- Highly secure software ensures high-dollar transactions move safely through our automated payment process
- Automatic email notification of process steps, gives all active users real-time information of when payment requests will be received, approved, and disbursed
- Unlimited users, projects, contracts and phases supporting simple or highly-specific tasks with the same efficient results
- Administrative functions assist users in planning, organizing and controlling their segment of the payment process
- Detailed contract profiles allow for accurate on-line tracking of contract requirements and fulfillment
- The software automatically creates the next payment application every month, eliminating the risk of costly delays from late payments
- Software automates reporting by week, month, and year with the click of a button
- Automated lien waiver process reduces the cost of managing the lien waiver process
- Easy and Accurate integration of change orders ensures a single traceable source for contract changes
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