Contractor Payments helps automate and streamline the payment process for all your contractors or vendors. Manage and pay your contractors efficiently, accurately, and securely with a mobile-friendly app that works with your pmo365 integrated PPM solution from anywhere.
Streamline Your Contractor Payments with pmo365
Contractor Payments lets your contractors make payment requests directly, without having to send forms or emails. It simplifies and streamlines the entire payments process, automatically updating all your expenditure tools and financial reporting instantly.
Contractors simply submit their payment requests by selecting the appropriate project and contract they are engaged with. It takes all the time and trouble out of admin, especially for contractors working on-site. And fast payments processing makes your project delivery more efficient, with proof of completion and sign-off all verified on the spot.
Why Choose pmo365 for Contractor Payments?
pmo365‘s Contractor Payments is a fast payment and proof-of-delivery system that works in conjunction with our fully integrated project portfolio management solution. Our apps and tools are all customised to your organisation’s unique requirements and industry context, so you know you’re getting the best contract management system available.
What’s more, you own the solution and all your data on your Microsoft 365 cloud, even when your subscription to pmo365 expires. We bring fast, efficient project portfolio management with real-time and accurate data updates from all project divisions across the enterprise.
What Makes Us Different
We’ve been building PPM solutions for over 15 years and are a Microsoft-preferred provider. Our continually growing Solution Library is the product of countless deployments to a variety of industries all around the world, including large corporations, government institutions and agencies managing Capital works, Construction, ICT, and internal business projects.
We provide a sophisticated platform built securely on your own Microsoft 365 cloud which you continue to own, even after your subscription expires. We continue to deliver with ongoing support and solution management as your organisation grows and changes. The flexibility of pmo365’s PMO project management solution means you can continue to customise tools and configure new capabilities whenever the need arises.
Key Features of Contractor Payments
Allowing organisations to track and manage all their assets in one place. This includes buildings, equipment, plants, machinery, vehicles, hardware, software, and licenses.
Reporting and Analytics
Capabilities that allow organisations to gain insights on asset usage, performance, and cost, helping them to make informed decisions about asset optimisation and resource allocation.
Facilitates a payment schedule for contractors automatically, ensuring that your project is meeting both time and task-based contract agreements efficiently.
Seamless Integration with Other Systems
Easily integrated with many other accounting and financial systems to automate the payment process and reduce errors.
Frequently Asked Questions
What are Contractor Payments?
Contractor payments are made to individuals or companies who provide services on a contract basis. Contractors provide a wide range of services in project management, including construction, maintenance, consulting, and a host of professional services. Payments may be made on an hourly or daily rate, as a lump sum payment on completion of a set task, as a milestone payment or instalment, or as a regular ‘retainer’.
Benefits of Using pmo365 with Contractor Payments?
Contractor payments often involve a formal invoicing and payment process to meet the correct contract conditions and requirements. You might, for example, require authorisation by a senior or qualified manager in the case of electrical work, or proof of completion in the case of construction workers building a structure on-site.
Today, reviews and approvals can be made directly using mobile connected devices with proof of delivery accompanied by online forms, signatures and photographs. Contractor Payments ensures that all your contract requirements are met before any payment is made. Notifications to owners and responsible managers make the entire process faster and more efficient, and automatic updates to financial software tools provide instantaneous project updates across your portfolio.
Why are Contractor Payments Important for Project Management?
Fast and efficient contractor payments are an important part of any organisation engaged in project management, especially in today’s competitive environment. This is because you need access to specialised skills and services on a temporary or project basis. Effective management of contractor payments helps ensure fair and prompt payment for services rendered so contractors can get on with their next task and feel good about working for you again. A better payments management process also means faster and more efficient project delivery, keeping tabs on progress and helping you meet all your expenditure and regulatory requirements.
How Does pmo365 Help You with Contractor Payments?
Using Contractor Payments helps to build an effective project portfolio management system in several key ways:
- Increased efficiency: Automation of the payment process will save you valuable time and reduce errors, making the process of managing and paying contractors more efficient.
- Improved accuracy: Electronic invoicing and payments avoid errors associated with manual data entry and prevent payments being lost or disputed.
- Better security: Electronic payments are often more secure than a traditional invoicing system, with in-built financial statements and reporting to reduce the risk of fraud and other security issues.
- Stronger financial management: Real-time tracking and reporting gives organisations a stronger understanding of their expenditure process, helping them to better track and manage finances overall.
Our Other Apps & Workflows
pmo365’s Solution Library contains a host of Apps, Flows, Reports and Connectors for every possible PPM function. We collaborate with you to design workflows and project methodologies that serve each stakeholder’s needs – and offer connections to over 900 Microsoft and non-Microsoft apps used in PPM solutions around the world.
pmo365 integrates with all your existing data sources to build a fully connected and customisable work environment that will grow with you and your organisation’s strategic goals.