Employing around 700 people and with a turnover in excess of £350m, Watkin Jones plc is the UK’s leading developer and manager of residential for rent, with a focus on the build to rent (‘BtR’) and student accommodation sectors.
With ambitious growth plans, Watkin Jones are looking to standardise processes and implement controls in order to improve efficiencies and visibility of information across their business.
As such, the business has chosen Payapps for their management of processes relating to subcontractor applications for payment.
Like many contractors, Watkin Jones predominantly relies on spreadsheets for managing the valuation of subcontractor applications, with manual creation of payment notices and pay less notices. This means the finance department have limited visibility of applications up to the point of payment instruction, limiting their ability to accurately report on liabilities, due payments and to precisely forecast cashflow.
By introducing Payapps, Watkin Jones can streamline their application for payment process, doing away with spreadsheets, automating notices, and improving visibility of approvals and payment status across the commercial and finance departments.
We're seeing contractors of all types leaving behind manual, paper-based processes and adopting modern construction technology.
Book a demo of Payapps today to see how your business can benefit.