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What is Flashtract?

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.

What is Bill Project?

Embedded spreadsheets represent a highly effective resource for computing a range of quantities and rates. When a value is altered in one part of the spreadsheet, all interconnected sections automatically update to reflect that adjustment, promoting both efficiency and a detailed audit trail for Bill of Quantities (BOQ) calculations. Users can create task item tables by leveraging customized libraries or by utilizing data from prior projects. Furthermore, resources linked to task items are incorporated directly within those items, allowing for automatic replication when items are duplicated. An interactive timeline chart aids in planning work across various levels, such as contracts, schedules, sections, or specific tasks, ensuring comprehensive oversight. Additionally, cost estimates and projected cash flow S-curves can be developed for each level, offering a transparent financial overview. Users are also able to utilize Bill Project at no cost to document the monthly progress of each item within the Bill Project files. Following this, progress payment certificates can be generated using this information alongside details regarding on-site materials, VO day works, VO extra work, variations in rates, and special materials. This cohesive strategy not only optimizes project management but also guarantees that all financial elements are carefully monitored and documented. It enables teams to stay organized and informed, fostering a more successful project execution overall.

Media

Media

Integrations Supported

DataXchange
Procore
Sage 300

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$220.81 per PC per year
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

Windows

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Flashtract

Date Founded

2019

Company Location

United States

Company Website

www.flashtract.com

Company Facts

Organization Name

Civilsoft

Date Founded

1989

Company Location

South Africa

Company Website

civilsoft.co

Categories and Features

Construction Accounting

Accounts Payable
Billing & Invoicing

Contractor Management

Not specified

Subcontractor

Not specified

Categories and Features

Construction Accounting

Cash Management
Quotes / Estimates

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