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Flashtract
Trimble Pay, formerly Flashtract, is a cloud-based construction billing and payment software designed to automate and secure financial workflows between general contra…
Our verdict
Who it's for
Streamline construction billing, payments, and compliance for general contractors and subcontractors.
Who should look elsewhere
Primarily focused on the construction industry, limiting broader applicability.
Pros
- +Significantly reduces manual errors and administrative burden in billing.
- +Minimizes financial and legal risks for general contractors by ensuring compliance and proper documentation.
- +Streamlines the billing process for subcontractors, making it easier to work with general contractors.
- +Provides real-time profitability insights through standardized processes.
- +Offers secure management of payment information to prevent fraud.
Cons
- −Primarily focused on the construction industry, limiting broader applicability.
- −Requires integration with existing systems, which might involve initial setup time.
- −Specific benefits for general contractors and subcontractors may vary based on their current workflows.
Key features
- ✓Payment application management
- ✓Lien waiver generation and exchange (unconditional)
- ✓Insurance tracking and compliance monitoring
- ✓Payment management (including ACH)
- ✓Cash flow optimization
- ✓Second-tier and vendor billing
- ✓Automated accuracy checks for payment applications
- ✓Secure payment information management
Pricing
| Plan | Price | Billing | Notes |
|---|---|---|---|
| Subcontractor | — | month | Submit documents when invited by a primary contractor |