Your October edition of GCPay Exchange is here!

In the October Issue:

Compliance Blockers
Outstanding Waiver Setting
Login with Danny: The 2023 Annual Customer Survey
GCPay is ranked #1 in Construction Accounting
November's Big Events
Play GCPay Jeopardy to win $100!

Implementing Compliance Blockers

Ensuring subcontractors remain compliant throughout the duration of a project can be a labor-intensive task, leading to delays, disputes, and increased costs. Fortunately, GCPay offers a collection of features that help compliance professionals ensure subcontractors comply with critical compliance requirements such as licenses, certifications, insurance policies, and other necessary documentation. GCPay allows GCs to specify such requirements at the vendor or project level, while at the same time making it easy for GCs and subcontractors to upload the requisite documents.

Depending on your workflow, GCPay can block the submission or approval of pay applications from subcontractors with outstanding compliance requirements using the following project settings:

Not only does GCPay’s ePayment and Waiver Exchange facilitate electronic payment without GCs having to waste valuable time tracking down outstanding unconditional waivers, but when configured to do so, the platform also ensures subcontractors remain compliant up to the moment that payment is issued. GCPay will block payment release to subcontractors who fail to maintain compliance following pay app approval when the following (default and project) setting is selected:

Learn more about ePayment and Waiver Exchange

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Using subcontractor waiver management to ensure compliance on each pay app submission

A common challenge all GC’s face is collecting unconditional lien waivers from their subs after payment. The exchange process within GCPay’s ePayment feature allows for this automatically but if you have an existing payment process outside of GCPay, you still need to track down and collect those signed unconditionals.

One GCPay feature that is lesser known by many users is our “outstanding waiver” setting. This will not allow a subcontractor to complete a pay app submission if there is a known outstanding unconditional lien waiver still needed on a prior pay app submission. It’s one simple way to help a general contractor communicate to their sub on a given project to ensure proper receipt of the necessary waivers.

Once enabled by the GCPay support team, the GC can simply look in the project settings menu and under the lien waivers/templates section find a new option for Block submission of future pay applications in any unconditional lien release remains outstanding. This allows for the feature to be controlled at the project level and used at the discretion of each project’s review team.

To enable the “Outstanding Waiver” feature on current or future projects, reach out to support here.

The Importance of the 2023 GCPay Annual

Customer Survey

Honest feedback from you, our customers, plays a huge role in helping us shape GCPay from a product and personal role. User input continues to drive GCPay to be the best in breed in Construction Payment Management, so thank you!

Our Annual Customer Survey kicks off in early NovemberThis year's survey is brief but powerful, focusing only on the most important areas to you and to us. Beyond your ability to provide the voice of the customer, each respondent will receive a $50 Amazon gift card!

Our main point of contact with your company will receive the survey via email on Wednesday, Nov 8th. This email is sent by AskNicely on behalf of GCPay. Reminders will continue through Nov. 21st when the survey closes. If you are the main GCPay contact for your company, please take a few minutes to tell us how we are doing and what you’d like to see us do differently in the future. If you are not the main account contact, please reach out to that colleague and make sure they have provided input for your team to have an impact on the way GCPay prioritizes customer requests in 2024.

Thank you in advance for your feedback. We appreciate it more than you know.

Clients are Saying GCPayExchange_eNews_Graphics_ClientsAreSaying[51]

Based on your reviews, G2 ranks GCPay #1 in Construction Accounting Software again in 2023!

G2, the world’s largest and most trusted software review site, uses the honest software reviews submitted by YOU, our clients, to determine our ranking vs. others in the Construction Accounting segment. They have just recognized GCPay again as #1 in our segment and awarded us 20 top performer badges in various categories, including the 5 shown below. Thank you for your input on G2 and your ongoing support!

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November is a month full of big events for GCPay! If you are attending any of these conferences, please stop by our booth in the show exhibition hall to say hello and ask us any questions you may have. During your visit, we'll give you a Visa gift card to buy yourself a meal or a few beverages on us to show our appreciation for using GCPay!