Siteline is a real-time, collaborative billing software specifically designed for trade contractors. It streamlines the entire accounts receivable (A/R workflow by digitizing payment applications, automating lien waiver collection, and tracking compliance requirements. By integrating with accounting systems and general contractor (GC payment portals, Siteline enables subcontractors to generate and submit pay applications tailored to each GC's specifications, significantly reducing billing errors and payment delays. This comprehensive solution enhances billing efficiency, improves cash flow visibility, and minimizes administrative burdens, allowing contractors to focus more on project execution.
Key Features and Functionality:
- Custom Pay Applications: Generate and submit payment applications precisely to the client's specifications, complete with digital signatures, in under five minutes.
- Compliance Document Tracking: Monitor and manage compliance requirements, such as certificates of insurance, to prevent payment delays due to missing or expired documents.
- Change Order Tracking: Track the status of unapproved change orders, ensuring that approved ones are added to the Schedule of Values (SOV.
- Lien Waiver Management: Automate the generation, distribution, and collection of lien waivers, including reminders and status tracking, to streamline the process and reduce errors.
- A/R Reporting: Gain real-time insights into the financial health of your company with visual reports on invoice aging, current billing status, and GC payment patterns.
- Billing and Cash Flow Forecasts: Create and manage billing projections and cash flow forecasts throughout project durations to anticipate payment dates and monitor backlog.
- Collections Management: Centralize collections-related activities, assign tasks with due dates, and automate client payment reminders to reduce A/R aging.
- Integrations: Seamlessly integrate with accounting systems and GC payment portals to eliminate double data entry and streamline billing workflows.
Primary Value and Solutions Provided:
Siteline addresses common challenges faced by subcontractors, such as slow, manual billing processes, payment delays due to errors or missing documents, and lack of visibility into cash flow. By automating and centralizing the billing workflow, Siteline enables subcontractors to:
- Increase Billing Efficiency: Complete pay applications in under five minutes, achieving a sixfold increase in billing speed.
- Accelerate Payments: Reduce payment delays by an average of three weeks through accurate and timely submissions.
- Enhance Cash Flow Visibility: Utilize real-time reporting and forecasting tools to monitor financial health and make informed decisions.
- Reduce Administrative Burden: Automate compliance tracking and lien waiver management to minimize errors and save time.
By implementing Siteline, subcontractors can optimize their billing processes, improve cash flow predictability, and focus more on delivering quality work.
