Osborne celebrate winning 'Best Use of Technology' at the Construction News Award 2019 for their implementation of WebContractor to manage their subcontractor applications for payment.
Geoffrey Osborne took home the award for Best Use of Technology at the Construction News Awards 2019, for their use of WebContractor to better manage subcontractor applications for payment. Osborne stood out to the judges for their ‘Taking the Initiative’ entry, having implemented technology to solve a key industry problem - late payment.
About WebContractor and Osborne
Before using WebContractor, Osborne had to manually process high volumes of Applications for Payment and associated documents received from subcontractors. This was a time-consuming and error-prone process, offering no visibility to senior decision makers in the business, which ultimately resulted in frustrations for both Osborne and their subcontractors.
With WebContractor, Osborne has managed to put the delays and errors related to lost paperwork and emails in the past. The WebContractor portal provides a fully digital, paper-free process that has cut admin time and costs, as well as helping to reduce their carbon footprint.
Not only does WebContractor allow Osborne to take positive steps towards more effective and compliant interactions with subcontractors, the platform also provides real-time financial information, ensuring industry best-practice and compliance.
Benefits since introducing WebContractor:
Time and cost savings
More efficient and streamlined processes
Enhanced visibility, reporting and control to reduce risk
Improved relationships with subcontractors
Subcontractor queries relating to applications reduced
Compliance with UK Construction Act and Duty to Report Payment Practices
Authenticated VAT receipts to satisfy HMRC regulations
The Construction News Awards 2019
The Construction News Awards celebrate 23 years of showcasing the very best in the industry. Having become one of the most prestigious and coveted awards in the sector, winning a Construction News Award is a well-recognised badge of excellence amongst clients and peers.
A big congratulations to Osborne for winning this award in partnership with WebContractor.