Company main contract payment applications review
This Company level Insights tool helps you monitor and optimise your payment application and billing workflows. Teams can pinpoint bottlenecks in billing workflows, improve cash flow and reduce the risk of missed or inaccurate main contract payment applications.
This insight surfaces key payment application approval metrics by highlighting pending or overdue payment applications. Additionally, it reveals main contract payment application creation gaps by pinpointing lags between payment application approval and main contract payment application creation. This insight helps you to:
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View the total outstanding main contract payment applications across projects.
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See the average days required to approve payment applications at the Company level, including historical data comparisons from similar project types and sizes. You can also see the industry averages for the relevant cohort.
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Analyse the main contract payment applications by status. For example, the Insights tool shows the total payment application counts alongside the count of approved, under review, revise and rebuilt and draft.
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Drill down to view outstanding payment applications by project.
