Software innovation allows general contractors to pay their suppliers quicker, reducing payables costs and improving cash flow.
Premier Construction Software Logo (CNW Group/Premier Construction Software)
A strategic partnership recently announced between global ERP solutions leader, Premier Construction Software, and early payment platform, Quickly Technologies, provides the potential to remove one of the traditional bottlenecks that has blighted countless construction projects through the years. By combining Premier’s cloud ERP capabilities with Quickly’s automated early payments innovations, general contractors now have the opportunity to pay their suppliers faster.
Reducing payment timelines
The solution, which is offered at no additional cost to customers, promises to alleviate vendor strain and improve relationships between general contractors and their industry suppliers by offering early payment capabilities, significantly reducing payment timelines.
Intuitive and easy to use
It’s a partnership that Aisha Ali, President, Premier Construction Software, says will reap benefits for all involved. And, what’s more, she says, the software is intuitive and easy to use for finance teams everywhere.
“Our clients told us they wanted a smarter way to handle vendor payments without adding complexity to their operations,” she says. “Quickly fits that need. The integration works inside the workflows our clients already use, and it turns approved payables into a savings opportunity. No new systems to learn, no disruption to existing payment terms.”
Alleviating rigidity
It’s a sentiment that’s shared by Kyle Friedman, CEO & Co-Founder, Quickly Technologies, who also adds that implementation of the early payment option is available without disrupting an organization’s normal flow of operation.
“Construction has operated on rigid payment cycles for decades. By partnering with Premier Construction Software, we’re embedding dynamic early payments directly into their platform, giving customers a practical way to reduce supplier costs and improve margins without changing how they operate or their existing payment terms. There is no cost to adopt, and customers can choose to use it whenever it makes sense.”