Flashtract vs. Adaptive

Flashtract revolutionizes the generation of customized pay applications and lien waivers by automating calculations for subcontractors with just two essential inputs: the percentage of work completed and the value of materials stored. Even small inaccuracies can cause major delays in documentation, forcing accounting and finance departments to comb through spreadsheets or piles of paper to identify those easily missed mistakes. As a result, Flashtract has established itself as the premier choice for general contractors in need of effective pay application management. Users only need to input project details a single time, allowing Flashtract to quickly generate AIA-style pay applications and lien release documents from just two data points: the work accomplished during the billing cycle and the materials that have been stored. This process eliminates repetitive data entry and clears up any uncertainty regarding the necessary backup documentation before invoicing. Furthermore, Flashtract not only ensures precise calculations but also identifies mathematical errors automatically, reducing common billing complications by overseeing retainage, transferring values from earlier submissions, and creating accurate lien waivers, leading to a more efficient billing experience. Ultimately, the result is a workflow that enhances productivity and alleviates pressure for everyone involved in the process, creating a more collaborative environment.

We combine cutting-edge artificial intelligence with intuitive software aimed at optimizing your job costing workflows and reducing inaccuracies. This innovative solution effortlessly connects with the accounting and project management software you already use. It delivers a holistic method for managing budgets, accounts payable, and bill processing. The onboarding experience is hassle-free and bolstered by a team of experienced customer service representatives. You can easily upload budgets and track performance in real-time, comparing estimated results to actual outcomes instantly. Simply forward, text, or scan your invoices and receipts to a designated inbox where the details are automatically extracted and matched with your accounting codes. In instances where subcontractors fail to provide adequate information, our system can autonomously seek additional clarification. You can monitor every dollar spent against your budgets in real-time, ensuring you are consistently aware of your available funds before making any expenditures. With collaboration being central to its design, Adaptive enables you to invite team members, create customized approval processes, and effectively manage visibility permissions. This ensures that all stakeholders remain updated and coordinated throughout the duration of the project, which significantly boosts team productivity and accountability. Additionally, this solution allows for customizable reporting features that can adapt to the specific needs of your business, further enhancing its functionality.