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What do subcontractors really think about the payment application process – and why should contractors care?
Our latest research into the subcontractor payment experience reveals the pressures behind applications for payment: time-consuming administration, poor visibility, disputes, and slow or unpredictable payments.
But these aren't just subcontractor problems.
For contractors, the payment experience can have a direct impact on commercial and finance teams, increasing administrative workload and risk – while influencing supply-chain relationships, subcontractor pricing and even whether firms choose to bid for future work.
Join Anthony Puma from Payapps and Steve Dean, Commercial Manager from Adexsi on 17 September at 1:00pm as they discuss the findings from the report and explore what they mean for both sides of the payment process.
We'll look at:
✔ Where the biggest sources of friction are – and what they're costing contractors and subcontractors
✔ What causes payment application disputes and how greater consistency and transparency can help
✔ How payment experience can influence subcontractor pricing, bidding decisions and supply-chain relationships
✔ How commercial and finance teams can spend less time managing payment administration and more time on higher-value activity
✔ Why a better payment experience can become a competitive advantage for contractors, while helping subcontractors gain greater clarity and predictability
Whether you're submitting applications for payment or responsible for receiving, assessing and approving them ahead of payment, this session will offer a fresh perspective on how the industry can make the process work better for everyone.
Register now to join us at 1:00pm on 17 September - and if you can’t join live, register anyway and we’ll send you the recording.
