Show Me the Money! Streamline Payments with KonstructIQ

Making payments faster. We’ve all been there – waiting forever to collect payments on invoices. On average, it takes a whopping 90 days! This delay can lead to higher costs, with bids climbing by 6% to 10% just to cover the waiting period. With KonstructIQ, those days are over. Our platform speeds up the payment process, so subcontractors can get paid in just a few days. Imagine the relief of having a steady cash flow without the long wait – it’s a total game-changer.

Bridging payments from offline to online. Today, checks make up 40% of all transactions in the construction industry. But writing and processing checks is a time-consuming, slow, and less secure way to handle payments. That’s where KonstructIQ steps in. We offer a complete digital solution, allowing you to send and receive money via bank-to-bank transfers or credit card payments. And if you still prefer mailed checks, we’ve got you covered – no more handwriting required. It’s all about giving you more options and making the process as smooth as possible.

Providing maximum flexibility. Subcontractors often have little say in how they get paid. With KonstructIQ, subcontractors can choose their preferred payment method – whether it’s ACH, push to debit, printed checks, or virtual cards. This means more control and convenience for them. And general contractors, you’re not left out! You can also pick the payment method that works best for your needs. It’s all about creating a system that works for everyone.

Simplifying money movement. Traditional banks often charge fees for outgoing ACH transfers or require minimum balances for fee waivers. KonstructIQ offers digital payments free of charge, and mailed checks cost just $1.50. Plus, we’ve integrated payments directly into your workflow for bills and invoices, making reconciliation a breeze. Say goodbye to tedious manual matching and hello to a more streamlined process.

Faster payments, more flexibility, reduced costs, and seamless integration – what’s not to love? We’re excited to help you transform the way you handle payments in the construction industry.