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

Hyphen Wallet provides an advanced invoice and payment solution for Home Builders to pay their Suppliers, Trades and Vendors. Hyphen Wallet automates accounts payables for Builders with its innovative payment solution. Hyphen Wallet increases efficiencies by reducing costly and timely processes to Suppliers and Trades, increases transaction security and retains high-quality Suppliers and Trades by getting them paid faster.

GAIN VISIBILITY INTO PAYMENTS AND INVOICES

With Hyphen Wallet, Home Builders gain insight into every payment executed to their Trades by updating their back-office ERP with real-time payment status. Hyphen Wallet also provides Suppliers the ability to view payments within SupplyPro and reports for download into Excel or PDF for further analysis using the Hyphen Wallet Portal.

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 and accurate financial close cycle, improves cash flow visibility and working capital management and reduces potential fraudulent payouts. Hyphen Wallet combines payment methods, subsidiaries and regions using payment integration that’s real-time with 24/7 service.

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

  • Automation of AP Processes with Seamless ERP Integrations
  • Auto Reconcile Accounts and Transactions
  • Enhanced Security: Increase security of Payments/Reduce and Prevent AP fraud
  • 100% paperless
  • Real-Time Messaging and Transparency
  • Provide Suppliers More Ways to Get Paid. Ultimately, Paying Them Faster
  • Increase Supplier satisfaction
  • Your Suppliers Receive 24/7 Accessibility into Funds and Status of Payments
  • Vendor Verification
  • Conduct Unscheduled Audits
  • Increase Efficiencies by Reducing Time and Cost of Payments

FIND OUT WHAT YOU'VE BEEN MISSING

Download Wallet PDF


Comparing Hyphen Wallet to Legacy Bank Transfers

With Hyphen Wallet You Get:

  • Eliminate the frustrating and time-intensive task of doing it by hand
  • Eliminate paper check payments; reduce the costs of issuing and processing checks
  • Eliminate mail delays and lost checks
  • Streamline bank reconciliation process
  • No longer need to store bank information for your Suppliers
  • Enhanced security
  • Identify fraudulent charges faster
  • Real-time payment system with data and messaging capabilities
  • Track past and present expenses
  • 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
  • Manage multiple spreadsheets/disparate systems
  • Printing of 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 of check usage, materials and labor
  • Higher susceptibility to payment scams, fraud and increased security risks 

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