REAL-TIME CONTRACTOR BILLING AND PAYMENT MANAGEMENT SOFTWARE FOR RESIDENTIAL CONSTRUCTION

Hyphen Wallet provides an advanced invoice and payment solution for contractors, subcontractors and home builders. With its enhanced data and messaging capabilities, Hyphen Wallet reduces costly and time-consuming processes, increases security and minimizes mistakes.

GAIN VISIBILITY INTO PAYMENTS AND INVOICES

Hyphen Wallet provides home builders a window into their construction billing data and into every payment executed to their trades by updating their back-office ERP with real-time payment status. Hyphen Wallet allows suppliers to view payment reports in SupplyPro and download them into Excel for further analysis. Now suppliers can be easily connected to the home builder's payment system.

AUTOMATED BILLING AND PAYMENTS SAVES TIME

Automation works to improve the billing, invoice and payment process between builders and trade contractors; making it easy for the builder to check records, track past and present expenses and identify fraudulent charges much faster. Reduce invoice processing time by over 80% and invoice errors by 23%.

REAL-TIME DATA FLOW

Instant reconciliation within Hyphen Wallet ensures a fast, accurate financial close cycle, improves cash flow visibility and working capital management and reduces potential fraudulent payouts. Combines payment methods, currencies, subsidiaries, and regions using payment integration that’s real-time and available 24-hours.

REDUCE FRAUD AND INCREASE SECURITY

Having visibility into all transactions by the builder, suppliers, trades and contractors, payments can be verified and tracked throughout the payment process. Moving to an automated construction billing and payment software reduces the possibility of error by fraud or lost checks in the mail. Replace risk and fraudulent activity with enhanced security.

Hyphen Wallet Product Features

  • Offers more ways to get paid (ACH, Check, Real-Time Payment, Debit Card, Hyphen Debit Card, Wire)
  • Suppliers can change the way they get paid multiple times as opposed to a one-time decision at set up
  • Enhanced security and real-time funds availability
  • 100% paperless
  • 24/7 accessibility into funds and status of payments
  • Real-time messaging and transparency
  • 24/7 always-on service
  • Enhanced security
  • Prevent and detect AP fraud
  • Verify vendors
  • Auto reconcile accounts and transactions
  • Conduct unscheduled audits

FIND OUT WHAT YOU'VE BEEN MISSING


Comparing Hyphen Wallet to Legacy Bank Transfers

With Hyphen Wallet You Get:

  • Streamline bank reconciliation process
  • No longer need to store bank information for your suppliers
  • Eliminate the frustrating and time-intensive task of doing it by hand
  • Makes it easy for the builder account receivable team to record checks
  • Track past and present expenses
  • Enhanced security
  • Identify fraudulent charges faster
  • Real-time payment system with data and messaging capabilities
  • Reduce the costs of issuing and processing checks
  • Integrates better with growing account-based payments of global supply chain

Staying with Legacy Bank Transfers Gets You:

  • Longer wait times for settlement and information
  • Multiple spreadsheets
  • Printing current and past bank statements
  • Verifying invoice data by tracking down documents in a filing room
  • Staff should do it regularly to keep up with their finances and prevent unauthorized payments from processing
  • Increasing costs for check usage
  • Higher susceptibility to scams

Don't Get Left Behind

Sticking with current legacy construction invoice and payment systems can prevent your business from potential opportunities. What did 120 organizations say about factors driving change for payment management systems?

83%

Need to improve efficiency of the invoice payment management system

69%

Need to respond to technological innovations

63%

Need to reduce systemic risk

51%

Market demand for better payment system/settlement services

47%

End-user demand for better payment/settlement services

38%

Government demand or better payment services

Make Sure Your Billing and Payment Systems are Compatible
 with Current and Future Suppliers