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.
Automate construction payments
Construction payments in a matter of minutes, not weeks.
50% more efficient
Get rid of spreadsheets, manual steps, and mountains of paperwork.
Opportunity for fee income & core deposits
+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.
Easy 1099 reporting
Quickly generate the information your bank needs to produce a 1099 report.
Easier Lien Waiver and Invoice Management
Secure, electronic exchange and e-signature of lien waivers and invoices.
Automated payment workflow
Mobile accessible, with a draw process integrated to Construct.
+PAY COLLATERAL
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
1099 REPORTING:
Automated and available online anytime
EFFICIENCY:
Electronically manage documents, requests and approvals
Ready to reimagine your banking products? Differentiate from your competition.
Be sure to ask about our 30-day free trial
$600m+
PAYMENTS PROCESSED
50%
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.
