Integrated Technologiesa fast-growing U.S. construction finance platform, today announced its partnership with a construction accounting and enterprise resource planning (ERP) firm Wise to integrate its project documentation and payment management solution into the Sage 300 CRE solution, according to a press release.
The company says the integration will position Built’s Lien Waver Management and Built Pay products into the Sage 300 Construction and Real Estate (CRE) solution, and will follow with integration into the Sage 100 Contractor and Sage Intacct products later this year. .
As a result, it says general contractors will now be able to link project and compliance details to reduce risk, simplify invoicing and further digitize payment processes for construction work, speed up turnaround times for submitted invoices and reduce PR and contractor approval time. received payments.
Built says this integration offers a construction-focused payment solution that supports compliance documentation and payment tracking, and improves contractor compliance by tracking all documents related to payments and invoice approvals.
The company also noted that its eSignature solution enables the creation, tracking and management of compliance documents that improve Sage’s invoice management processes for customers. He added that the integration relies on hh2 cloud services to pull data from Sage for use in this payment and compliance tracking.
“We built this extension for Sage users because it’s a major presence in construction industry back offices,” Chris Boyd, vice president of product at Built Technologies, said in the release.
“Our modern payment solution is built for construction, and this integration helps companies better leverage their existing technology investments. One of the best ways to retain the best contractors, suppliers and vendors for your jobs is to pay them on time with as little friction as possible, and this Built-Sage integration speeds that up for builders,” Boyd said.
Built also noted that its additional integrations planned for this year, including Sage 100 Contractor and Sage Intacct systems, will allow customers to easily adopt Sage’s business management software solutions with Built’s construction finance solutions. .
He added that he was actively working on launching integrations with Procore, Quickbooks Online and Quickbooks Desktop, with the goal of adding additional ERP integrations to support the entire construction industry.
In other recent proptech news, oHouse raised $182 million in Series D for its home improvement market. Material bank also raised a $175 million Series D round from Brookfield Growth for its architectural and construction materials supply market.