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Four Major Ways Construction Technology Platforms are Enhancing Team Collaboration
GCPay is a shared platform that stores and provides the most up-to-date information. In this system, all of your contact and billing information is stored in one location and matches what you find in your ERP system.
Fremont, CA: 'Technology' and 'collaboration' may not be the first words that come to mind when it comes to general contractors and payment applications. Technology solutions are doing more than just making those procedures simpler as the building industry continues to innovate. Here are four ways innovative technology platforms are enhancing team collaboration:
Supply Chain Transparency
To run a successful company, you must have clear, simple contact with your supply chain. Even if you already have strong relationships and open lines of communication in place, this is also a bottleneck that drains the internal team's time and energy. Many GCs are dependent on openness rather than back-and-forth correspondence to maintain these internal resources.
This openness should be provided by a construction technology platform, allowing general contractors to connect with their supply chain without ever having to open an email or pick up the phone.
Single Source of Truth
When there are several versions of a single text, it appears to stifle collaboration. For instance, you get a spreadsheet and realize you need to make improvements, so you save a new version and make the changes. We now have 5 or 10 copies of the same spreadsheet after it has passed through many hands. It's impossible to tell which version is the "correct" one at this point. Not to mention the tangled mess that results from emailing these papers back and forth instead of saving them in a single location for easy access.
This is where a platform like GCPay will make a big difference in terms of simple team collaboration. GCPay is a shared platform that stores and provides the most up-to-date information. In GCPay, all of your contact and billing information is stored in one location and matches what you find in your ERP system. There's no need to re-upload a spreadsheet after making changes, and there's no need to look for the specific lien waiver template.
While incorporating new technology, particularly at this time, can seem overwhelming, it can also significantly impact your team's time. Once up and running, general contractors who switch to GCPay save an average of 50 percent of their accounting team's time.
Technology aids collaboration by alleviating some of the stress that the team can be facing. Your team's contact with one another can never be replaced by technology, but it can help them function more efficiently. Rather than depending on documents coming in via snail mail or fax machine, all of the necessary information is available on the GCPay portal. When teams do come together to work, this acts as a central point of reference.