How Financial Controllers Can Increase Cash Flow with E-Payments

Ian Sharp
Stephanie Domingue
September 15, 2023

Construction financial controllers play a crucial role in managing the finances of construction projects and ensuring efficient allocation of costs throughout the project lifecycle. Among their responsibilities, processing payments can be particularly time-consuming, often consuming a significant portion of their workload. However, thanks to advancements in technology and the emergence of innovative software solutions, construction financial controllers can now streamline their tasks by leveraging e-payments powered by inBuild. This not only enhances efficiency but also reduces their workload, allowing them to focus on other critical aspects of their role. In this blog post, we'll explore how construction financial controllers can benefit from e-payments using inBuild.

E-Payment Benefits

Automated Payment Processing

With e-payment solutions powered by inBuild, financial controllers no longer have to spend hours manually processing payments. inBuild's software automates the payment process, allowing financial controllers to easily and quickly process payments. This means construction projects are delivered faster, freeing up time to invest in other strategic tasks.

Increased Accuracy

Manually processing payments opens up the possibility for human errors, leading to payment discrepancies that can be costly and time-consuming to resolve. inBuild's software provides financial controllers with a highly accurate and error-free payment processing system that ensures accurate and seamless payment transactions.

Enhanced Transparency

Complete transparency within a construction project is essential for financial controllers as it enables them to determine which particular expenses are linked to specific phases and milestones within the project's progress. This level of transparency is provided by inBuild's software, allowing controllers to monitor all of the payments made throughout the project's lifespan, providing transparency and ensuring accountability.

Improved Security

Processing payments manually presents several vulnerabilities and risks that need to be managed. inBuild's e-payment system eliminates these risks by providing stringent cybersecurity measures that safeguard sensitive client data and secure payment transactions.

Easy Integration and Scalability

inBuild's e-payment solutions are designed to integrate easily into existing systems, making it simple for construction financial controllers to leverage the software's benefits without having to make significant changes to their existing systems and processes. Additionally, as construction projects can scale up or down, inBuild's software is designed to scale up or down accordingly, ensuring that financial controllers are equipped to handle payments regardless of the project's size.

In Conclusion

inBuild's e-payment system is a truly innovative solution that brings construction financial controllers significant benefits. With features like automated payment processing, increased accuracy, enhanced security, easy integration, and scalability, it's a game-changer. By leveraging inBuild's e-payment solution, construction financial controllers can free up valuable time for other essential management tasks while enjoying improved transparency and reduced costs. Overall, inBuild's e-payment solution provides a quicker, cheaper, and more efficient way to process payments, making life easier for financial controllers in the construction industry.