NEWS
Trimble acquires construction payment and subcontractor compliance technology to minimise risk and improve efficiency for contractors
Trimble has announced it has acquired privatelyheld Flashtract , a company delivering specialised technology to streamline the flow of payment and compliance information between construction general contractors and subcontractors .
Flashtract technology is used to manage payment applications , lien waivers and other compliance and billing documentation electronically , eliminating back-and-forth communication and cumbersome document transfers . The technology , now branded as Trimble Pay , initially integrates with the capabilities of the Trimble Viewpoint Vista ERP solution for construction and extends the robust connected construction technology ecosystem that Trimble Construction One brings to market .
“ Secure , reliable and fast electronic management of payments and lien waivers can be vital benefits to contractors , but many still manage these processes manually ,” said Lawrence Smith , Vice President of Construction Management Solutions at Trimble . “ Adding the ability to manage these workflows with subs electronically through Trimble Pay helps contractors improve compliance and keep projects on schedule and budget by reducing the two to three days of manual work per month by project managers or accountants .”
“ We have earned a strong reputation for enabling general contractors to minimise legal and financial risk and improve efficiency since introducing our technology in 2019 ,” said Blair Chenault , Co-founder and CEO of Flashtract . “ Joining Trimble will allow our teams to advance these capabilities and help contractors make payments on time , and keep management of financial and compliance documents from hampering project delivery ."
Zilch selects Checkout . com for global acquiring
Zilch , the world ’ s first ad-subsidised payments network ( ASPN ), has announced it has selected Checkout . com , the digital payments solution provider , as its primary acquiring partner globally , with a particular focus on the UK and USA . With its payments network supporting over 145 currencies and domestic acquiring coverage in over 45 markets , Checkout . com will help Zilch continue to offer the fast and reliable high-performance payments that its expanding customer base has come to expect from its regulated payment network .
This appointment represents an important milestone in Zilch ’ s operations and technology strategy as it rapidly evolves to best support the company ’ s high growth . In February , Zilch expanded its consumer debit and credit offering with the launch of ‘ Pay over three months ’ in addition to ‘ Pay over six weeks ’, for its more than 3.6 million registered users . Customers use their Zilch card on average 100 times a year and now make more than 10 million payments per month with Zilch .
Philip Belamant , CEO and Co-founder of Zilch , said : “ Checkout . com ’ s innovation and robust track record in partnering with some of the world ’ s biggest companies made the decision to expand our partnership an easy one . Having worked together for over two years , I ’ m certain that this move will be a game changer in our tech stack and payments infrastructure .”
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