Revolutionizing Construction Payments: Premier Software's Collaboration with Quickly

Premier Construction Software Teams Up with Quickly

In an innovative move set to disrupt traditional payment cycles in the construction sector, Premier Construction Software has announced a strategic partnership with Quickly. This alliance aims to automate early payments for contractors, optimizing cash flow and strengthening supplier relationships. By incorporating Quickly’s early payment platform into its cloud ERP solutions, Premier is taking a significant step forward in addressing long-standing payment inefficiencies in the construction industry.

Addressing Payment Delays

For construction suppliers, the wait to receive payments often stretches from 30 to 90 days, a lag that can cause significant strain on vendor relationships and project timelines. This partnership seeks to alleviate those pressures. The integration allows construction companies to offer early payments on approved invoices, facilitating quicker access to cash for suppliers while enabling buyers to realize savings through discounted payment options. Importantly, there are no costs associated with this solution, meaning construction firms can integrate it seamlessly into their existing operations without incurring additional financial burdens.

Insights from Leadership

Aisha Ali, President of Premier Construction Software, emphasized that the collaboration with Quickly was a direct response to client feedback. “Our clients expressed a desire for a more efficient method to manage vendor payments without complicating their operational workflows. Quickly aligns perfectly with this need,” she remarked. Ali noted that the integration works seamlessly within existing systems and workflows, transforming approved payables into a cost-saving opportunity.

Kyle Friedman, CEO and Co-Founder of Quickly Technologies, echoed this sentiment by highlighting the rigidity of traditional payment cycles within the construction industry. He stated, “By partnering with Premier, we are embedding dynamic early payment capabilities directly into their platform, empowering clients to cut supplier costs and enhance profit margins without altering their existing payment structures.”

Revolutionizing Construction Payments

Premier Construction Software, founded in 2009, boasts a comprehensive cloud ERP solution designed specifically for the construction industry, providing users with real-time insights into job costs, budgets, and overall financial health. This partnership enhances that capability by effectively extending visibility into the payables process. The automated discount feature promises to deliver targeted savings, which would particularly benefit contractors with large vendor networks across multiple ongoing projects.

With the integration in place, manual payment requests are reduced, vendor retention is bolstered, and overall cash flow becomes more predictable. Not only does this predictability aid in financial planning, but it also supports overall project execution and reinvestment strategies.

About the Companies

Premier Construction Software is recognized globally for its innovative approach to financial construction software, operating in regions including North America, Australia/New Zealand, and the MENA region. They offer a unified platform that combines financial management, operational execution, and cutting-edge technology to enhance operational efficiency.

Quickly Technologies Inc., on the other hand, has established itself as a pioneer in early payment solutions. By assimilating their services into established accounting workflows, they empower businesses to offer expedited payments on approved invoices without any associated costs for adopting the platform. With a customer base of over 2,000 companies across North America, they have proven their effectiveness in improving cash flow and fostering robust supplier relationships.

Conclusion

As the construction industry aims to modernize its payment practices, the partnership between Premier Construction Software and Quickly marks a pivotal shift towards more efficient financial processes. With a commitment to enhancing cash flow for suppliers while providing contractors with smarter tools to manage their payables, this collaboration signals a new era in construction finance management. By embracing these advancements, construction companies can navigate project demands more effectively, ensuring timely completion and optimal profitability.