Anywhere, Anytime Construction Payment Platform
$1.3 trillion in construction loan payments annually with way too many paper checks, sub-contractors waiting, and time lost in transit. There must be a better way. We created +Pay to automate the construction payment stream for builders, general contractors, banks, title companies or disbursement agents that pay subcontractors. Builders and subs benefit from the faster process, by eliminating paper with electronic lien waivers and invoices. Builders get automated 1099 reporting and project accounting. Subs will love getting paid with Same Day ACH. +Pay seamlessly integrates with BankLabs’ Construct product, creating the world’s first cloud-based, vertically integrated construction finance platform.
Construction payments in a matter of minutes, not weeks.
Get rid of spreadsheets, manual steps, and mountains of paperwork.
+Pay allows payment recipients to choose how they would like to get paid including by same-day ACH. Direct, electronic payments offer another revenue stream for your bank as well as an opportunity to build a deposit relationship with payment recipients.
Quickly generate the information your bank needs to produce a 1099 report.
Secure, electronic exchange and e-signature of lien waivers and invoices.
Mobile accessible, with a draw process integrated to Construct.
Features That Move You Forward.
INSTANT CHECK PRINTING:
Print checks at any branch, any time
MULTIPLE PAYMENT TYPES:
Subs get paid faster
PAYMENT REQUEST ALERTS:
Stay informed via email
CONNECT TO CONSTRUCT:
Budgets and draws integrated to +Pay
Automated and available online anytime
Electronically manage documents, requests and approvals
MORE EFFICIENT PROCESS
Want To Learn More?
Looking for a partner to help you deploy banking products for the future? We’re here to help. Contact us today to learn more about any of our products or to schedule a demo.