Spaceframe Group is tackling progress claim challenges head-on with Payapps, saving time, enhancing compliance and empowering its finance team to focus on what matters most.
In the high-pressure world of construction finance, teams are often small but carry an enormous workload. Recent research reveals that 40 per cent of finance teams in the construction industry comprise just one to three members. Yet, these teams manage progress claim submissions, compliance, risk management and timely subcontractor payments to keep projects on track.
For Spaceframe, an award-winning design and construct builder in Brisbane, these challenges intensified with the introduction of new Queensland Trust legislation. Managing 120 to 200 progress claims per month in varied formats, the finance team needed a solution to streamline claims processing, allowing them more time to meet compliance obligations without increasing headcount.
Automating efficiency with Payapps
Spaceframe adopted Payapps, integrating it with its Jobpac ERP. The result? 25 to 30 hours saved per month per team member, freeing up time to focus on critical tasks like compliance and financial oversight. Subcontractors gained real-time visibility into their progress claims, reducing the back-and-forth inquiries that drained time and energy.
Mark Lanfranchi, group accountant at Spaceframe, noted: “We now have more time to focus on timely payments to our subcontractors, ensuring accuracy and compliance with PTA legislation.”
A widespread challenge for finance teams
Research on finance professionals in construction underscores that Spaceframe’s challenges are far from unique. It found that 41 per cent of finance teams still rely on manual processes for progress claims, leading to delays and risks. These inefficiencies, combined with limited staff and mounting workloads, can lead to frustration and burnout.
Automation with tools like Payapps transforms this dynamic. Around 81 per cent of Payapps users report that the platform makes it easier to comply with payment deadlines, ensuring projects stay on track and subcontractors are paid promptly.
Empowering finance teams to focus on what matters
For finance teams, adopting construction technology isn’t just about efficiency – it’s about survival. Payapps not only reduces administrative burdens but also ensures compliance, accuracy and improved collaboration. As Spaceframe’s experience shows, freeing teams from manual claims processing allows them to focus on higher-value work, ensuring smoother projects and stronger outcomes.
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