In the June Issue:

• ePayment Enhancements
• Lien Waiver Exchange
• Login with Danny:  Our commitment to CFMA
• New! Construction Market Study
• View our Client Feedback Video
• Support Holiday Schedule
• Play GCPay Jeopardy to win $100!

Treasury Assistant and Queued Payments

We are pleased to introduce a two-part enhancement to our ePayments platform that provides our users with increased control over batching and funding payments:

The first part of this enhancement introduces a new permission profile called the Treasury Assistant. This profile is designed for users responsible for preparing payment batches. With the Treasury Assistant role, you can efficiently prepare and queue payment batches, ensuring accuracy and smooth processing.

The second part of this enhancement introduces the Queued status for payments. This feature allows Treasury Officers to easily review and sign off on payment batches. By implementing the Queued status, we have made it easier to manage and oversee the payment process.

The differences between the new Treasury Assistant profile and the Treasury Officer profile are detailed in the table below. For a detailed explanation of the Treasury Assistant profile and the Treasury Officer profile, click the button below to visit our Resource Center. These enhancements are intended to streamline your payment workflow and bring added convenience and efficiency to your financial operations.

Lien Waiver Exchange

There are many benefits to GCPay’s ePayment feature, such as faster processing and safer distribution of funds, but perhaps the biggest is the lien waiver exchange.

GCPay’s ePayment platform requires subcontractors to sign an unconditional lien waiver at the time of pay app submission. General contractors can view the document but it will remain watermarked as “unofficial” until paid.  

Bank account information is secured and encrypted in GCPay, and payments are facilitated by our PCI-compliant processor, AvidXChange, a market leader in AP payment solutions.

Once the subcontractor receives payment, GCPay will automatically “unlock” the unconditional waiver and it will become an official document available for download.

A general contractor will no longer have to reach out to the subcontractor to collect signed unconditional waivers after payment. Click the button below for more information on Payment Waiver Exchange and GCPay’s ePayment features.

Our commitment to CFMA continues!

Each year the Construction Financial Management Association (CFMA) hosts a National Conference bringing together construction companies, financial advisors, and construction technology businesses for a week-long learning and collaboration event. This year is no different, with the conference set to kick off in Denver, Colorado from July 15th - 19th. Since 2005, GCPay has been a part of this conference and we continue to meet prospective clients as well as meet existing clients face to face, making this one of our most important events of the year. As a Platinum sponsor, our partnership and investment with CFMA continues to open doors in the industry.

If you will be attending this year’s CFMA Conference, we'd like to invite you to visit the GCPay booth (#212) in the exhibition hall and allow us to present you with a Visa gift card to grab a quick meal or a few drinks on us in appreciation of your loyalty to and support of GCPay. This invitation is exclusively for our valued GCPay clients like you, so please stop by and see us, ask us any questions that you have, provide us with feedback about the product, or just say “Hi!”.  We are looking forward to seeing you there!

New Construction Market Study

We recently collaborated with Dodge Construction Network on an important market study, Optimizing Subcontractor Management with Technology. 

Download the study to learn how technology is being used to:
- Automate the pay application process
- Collect signed lien waivers
- Manage compliance documentation
- Integrate subcontractor payment details with ERP systems

Our clients (you!) have been giving us lots of positive feedback on their satisfaction with GCPay and how it benefits their business on a daily basis. We've put together some of that great input into a 2-minute video and we'd like to share it with you! Click on the video button on the right to take a look.

The hard-working GCPay Support Team will be enjoying a few days off this summer in accordance with GCPay's US holiday schedule. The GCPay offices will be closed on the days below and all emails and phone messages will be responded to by a support analyst when our offices reopen the following day:

• Monday, June 19th (Juneteenth)
• Tuesday,  July 4th (Independence Day)
• Monday, September 4th (Labor Day)

Congratulations to Deena Quickel of Stewart and Tate, our May winner of a $100 Amazon Gift Card! 

Here's your chance to WIN $100!

The answer is:

The name of the new market study from Dodge Construction Network that was created in collaboration with GCPay.

The information needed to complete the question

"What is ______?" is included in this newsletter. To play the game and be entered to win a $100 Amazon gift card, just click the  "Enter Now" button!

Entries received by 6/30/23 will be included in the drawing. One entry only per email address.

                                              Follow us for the latest updates on GCPay. 

 877-447-2584