SubAssist

Did you know that 39% of invoices contain errors according to a survey by The Institute of Finance and Management. Shocked by that number? You should be! Errors from overbilling or duplicate payments takes from your bottom dollar. From end to end, the Supply chain requires close attention to detail to prevent errors that cost your business money, time, and potentially damage your relationships with your suppliers. ⛓️💥 If you have ever wondered if your supplier invoices are accurate or are spending time in the office checking line items against your contracts to validate pricing, stop spinning your wheels. There is an easier way! ✅ According to the Aberdeen Group, companies implementing effective AP processes can reduce processing costs by up to 58% and see a 38% improvement in their relationships with their suppliers. Using powerful machine learning & AI based tools can streamline your payment processing while saving you a significant amount of time and money. Check out InvoiceIQ at https://invoiceiq.ai/ We can check your Supplier invoices in seconds and flag any discrepancies. You can be set up in under 10 minutes for only $20 with no obligation or commitment. Our customers have saved THOUSANDS of dollars by using InvoiceIQ to check. As new home construction continues to grow, finding efficiencies within your business to save you time and money so you can spend more time focused on your job site and backlog and less time on tedious tasks in your office is easier than ever with the right tools. ⚒️ 🧰 Follow us for more tips. We guarantee that we will save your Subcontractor business money. #AIinConstruction #Subcontractors #ConstructionSoftware #InvoiceIQ #SubAssist #InvoiceChecking #AccountsPayable

In today's construction industry, staying competitive means embracing innovation and efficiency. Subcontractors who adopt AI tools can greatly enhance their reputation and profitability. Using AI for tasks such as supply chain management, invoice verification, and other administrative functions helps reduce errors, save time, significant money, and ensure financial accuracy. This not only optimizes operations but also boosts transparency and cost management, fostering stronger relationships with suppliers and improving overall financial performance. Implementing AI-driven solutions like InvoiceIQ and SubAssist isn't just a strategy for staying competitive—it's about setting a new benchmark for accountability and value in the industry. Stop throwing money away, and start building a strong foundation for your business with InvoiceIQ. Check out our products page to learn more! #InvoiceValidation #AIinConstruction #Accountspayable #innovation #InvoiceIQ

According to the Aberdeen Group, companies implementing effective AP processes can reduce processing costs by up to 58% and see a 38% improvement in their relationships with their suppliers. Using powerful machine learning & AI based tools can streamline your payment processing while saving your construction business a significant amount of time and money. Check out InvoiceIQ at https://invoiceiq.ai/ #AIinConstruction #Subcontractors #InvoiceChecking #SupplyChain #Construction #InvoiceIQ #SubAssist

As we welcome the new year, we want to extend gratitude to all those who have helped grow our company; our customers, our employees, and our followers. Cheers 🥂 to bringing in the new year.

Tiny changes or mistakes in supplier pricing may be adding up and killing your profit margins. If you have negotiated contracts and pricing with your suppliers, you or someone in your office needs to be checking the pricing of every line item before submitting payment. This can be a long and tedious process and takes up a significant amount of time and money. When you receive invoices that are 50 pages long you and there was a .2% increase on the cost of your pipe fittings or grout or sheet rock. Maybe you notice it right away, but maybe you don’t. For those with contracted pricing with their suppliers, how do you know that the price on the invoice is the price on your contract? Are you taking a cursory glance and approving, or do you have someone sitting in the office looking line by line? The bottom line is that not paying close attention to your supplier pricing could be eating from your bottom line. With 39% of invoices containing errors including everything from wrong billing addresses to price errors, you need to be paying close attention. So, what is your InvoiceIQ?

In the construction industry, managing supplier invoices effectively is crucial for maintaining cash flow and improving overall profitability. Streamlining payment processes can lead to faster transactions and better financial management, which is especially vital in a sector where margins are often tight. As we shift toward electronic payment systems, we face challenges, but the benefits are undeniable. Here’s how we can navigate this transition: 🔑 Benefits of Electronic Payments for Supplier Invoices: • Speed and Accuracy: Electronic systems drastically reduce transaction times and clerical errors, ensuring that supplier invoices are processed quickly and accurately. • Financial Transparency: Enhanced visibility into payment processes helps build trust with suppliers and fosters better relationships. • Centralized Management: By automating invoice processing, project managers can focus on what truly matters—delivering quality work rather than drowning in paperwork. 💡 Overcoming Challenges in Invoice Management: 1. Cultural Shift: Moving away from traditional paper-based systems requires a mindset change. Training teams on the advantages of digital solutions is essential. 2. Simplifying Complexities: The construction landscape is multifaceted. Centralized digital platforms can streamline the approval process, making it easier to manage multiple stakeholders. 3. Seamless Integration: Selecting flexible solutions that integrate smoothly with existing accounting systems will minimize disruptions and enhance daily operations. 🏗️ Best Practices for Efficient Invoice Management: • Education and Training: Equip your teams with the knowledge to utilize electronic payment systems effectively for managing supplier invoices. •Customized Solutions: Choose systems designed specifically for the intricacies of construction payments, ensuring they can handle unique invoice structures and project milestones. •Robust Security Measures: Protect your financial transactions with systems that have strong security protocols, safeguarding against fraud and ensuring compliance with legal requirements. By implementing these strategies, construction firms can significantly enhance their supplier invoice management, transforming challenges into opportunities. Out favorite solution for invoice checking… ours of course! Check out our newest product InvoiceIQ, and get set up in as little as 10 minutes. We don’t require a contract, and you can check your first 500 invoices for only $20. Isn’t it worth $20 and 10 minutes to see how much time and money you can be saving by embracing the digital transformation in your business? Let’s embrace this digital evolution and set a new standard in construction financial management! 💪 #ConstructionIndustry #SupplierInvoices #DigitalPayments #Efficiency #FinancialManagement #InvoiceIQ #SubAssist

In a recent survey, 75% of respondents did not know with 100% confidence if they were being overcharged by their suppliers. If you have special pricing with your suppliers but spend too much time manually comparing contracts to line items on invoices trying to figure out if you are charged the correct price, then take 10 minutes to set up your account with InvoiceIQ by SubAssist. For only $20/month, InvoiceIQ will automatically find every pricing mistake. On every line item in seconds! Stop throwing money away, and gain all of the efficiency that powerful machine learning tools have to offer. Start running your business like a boss, and begin using InvoiceIQ today. What is your InvoiceIQ? Are you being over‑charged by your vendors? If you don't know, isn't it worth $20 to find out? https://lnkd.in/gmR5QmTw

As new home construction continues to grow, finding efficiencies within your business to save you time and money so you can spend more time focused on your job site and backlog and less time on tedious tasks in your office is easier than ever with the right tools. ⚒️ 🧰 Our favorite new offering is InvoiceIQ, a powerful AI based invoicing checking tool that reads and validates every single line item on every invoice against your supplier contracts in seconds. You save time and money on not needing to perform such a tedious task, but you also save your bottom line from human error and pricing discrepancies. Take one task off of your plate and let your office run more efficiently, so you can focus more time on continuing to grow. #constructioninnovation #AIinConstruction #newhomeconstruction #subcontractors #InvoiceIQ #SubAssist

Staying ahead of the curve and using technology to advance your construction business continues to be one of the top trends in construction today. From every step of the new build, including office efficiency, you can be rapidly improving your approach to optimizing your productivity and bottom line. 🌟 Optimize your productivity and efficiency within the supply chain by: ✅ continuing to develop strong relationships with your Suppliers. ✅gaining efficiency through use of powerful AI based technologies. ✅leaning into being open and embracing the change. Using tools like InvoiceIQ by SubAssist allows you to check your supplier invoices in seconds and submit payments faster while protecting your bottom line. We check every single line against your agreed upon pricing with your supplier and either give you a thumbs up 👍🏼 or flag 🚩 discrepancies so you can quickly start the conversation with your supplier to get the information corrected. By leaning into the technology that can eliminate the manual process, you can move faster and more efficiently becoming a partner of choice for your supplier further enhancing your relationship with them. Check out our best in class technology and get set up in under 10 minutes: http://invoiceiq.ai #invoicing #SupplyChain #ConstructionAutomatiom #Subcontractors #InvoiceIQ #SubAssist

We get it. That stack of invoices to be paid is piling up on your desk, and your suppliers want to be paid on time. However, taking the time to ensur every invoice is accurate against your agreed-upon supplier pricing is crucial for maintaining financial health for your business. Invoice errors can lead to significant financial losses. Studies show that over 80% of construction companies experience invoice discrepancies, which can result in delayed payments and strained relationships with suppliers. Critically analyzing every invoice and validating pricing against your agreed upon supplier agreements are necessary for your bottom line. Looking at every single line item can feel daunting, but it doesn’t have to be. ✅ Use software to check your invoices in seconds. Check out our new product InvoiceIQ https://invoiceIQ.ai where you can upload your supplier pricing, and invoices to check for any discrepancies in under 10 minutes. By prioritizing invoice accuracy, you not only protect your bottom line but also build stronger relationships with your suppliers. Trust and transparency are key to long-term success in the construction industry. Let's ensure every dollar is accounted for! Check 500 invoices for $20, and start saving your business time and money. Visit InvoiceIQ by SubAssist and start protecting your bottom line today. https://lnkd.in/g8CASnpY #AccountsPayable #AIinConstruction #supplierpricing #Subcontractors #SupplyChain #InvoiceIQ