HG Construction Chooses WebContractor to Standardise and Streamline Application for Payment Processes
Design and build contractor, HG Construction, has chosen the WebContractor platform to support the implementation of a standardised and compliant framework to manage their subcontractor Applications for Payment.
About HG Construction
HG Construction is a forward-thinking design and build partner combining expertise and long-standing experience with a modern, innovative approach to construction.
With over 20 years’ experience in residential, student accommodation, commercial and hotel schemes throughout the UK, HG Construction has developed a reputation as a construction partner which delivers high-quality developments and best value for clients.
HG prides itself on its track record of repeat business and has developed trusted client and supplier relationships through a culture of collaboration, honesty, and excellent customer service.
Digitising Applications for Payment
With estimated growth in turnover of up to 20% in 2023, it was clear to the HG team that the business needed to move away from time-consuming and manual methods of managing the increasing volume of Applications for Payment from subcontractors.
HG recognised that adopting a digital approach would implement a more efficient and robust subcontractor management process across the business, helping to reduce admin time, human errors, and the risk of missed payments.
After reviewing the market, HG decided to use the WebContractor platform to underpin their subcontractor Application for Payment process.
The standardised and streamlined framework that the WebContractor platform introduces to the application process is designed to help HG’s finance and commercial teams efficiently manage subcontractor applications.
WebContractor’s central online platform features customisable dashboards providing real-time visibility of application data at a glance. This easy access to data and the ability to produce a wide range of reports makes evidencing prompt payment simple and straightforward, with standardised workflows to improve process efficiencies.
Additional WebContractor modules help the HG team manage subcontractor insurance documents, authenticated receipts and subcontractor invoices, with notifications and reminders to help keep everyone involved up to date with relevant information and on track to hit key deadlines.
A Compliant and Integrated Way of Working
The WebContractor platform will be integrated into HG’s existing ERP solution creating an accurate information flow from submission to payment.
Having this single source of truth for subcontractor information across both systems was an important factor for HG Construction to ensure the accuracy of data and close alignment across their internal teams and supply chain users.
This integrated approach delivers a transparent and streamlined application process, removing the need to double key information and providing increased visibility across the subcontractor Application for Payment process, with the data and functionality to support compliance with the UK Construction Act.
To find out more about HG Construction, visit the website here: https://hgconstruction.co.uk.