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Description
Flashtract simplifies the creation of custom pay applications and lien waivers by automating calculations for subcontractors using just two key values: the percentage of work completed and the amount of materials stored. Even minor mistakes can lead to significant delays with documentation, prompting accounting and finance teams to sift through spreadsheets or stacks of paper to catch those easily overlooked errors. Consequently, Flashtract has emerged as the leading solution for general contractors seeking efficient pay app management. By entering project information only once, users can rely on Flashtract to swiftly produce AIA-style pay applications and lien release documents using merely two inputs: the work completed during the billing period and the materials currently stored. This eliminates the need for redundant data entry and alleviates confusion over which backup documents are required prior to invoicing. Additionally, Flashtract not only performs accurate calculations but also automatically detects mathematical errors and minimizes other common billing issues by monitoring retainage, carrying over values from previous submissions, and generating precise lien waivers, ensuring a smoother billing process. The result is a more streamlined workflow that saves time and reduces stress for all parties involved.
Description
Implement comprehensive profitability management tailored for MEP contractors to ensure that projects are completed on schedule and within budget by utilizing Metrics MEP, a cloud-based solution for takeoff, estimating, and contract management that enhances visibility into your financial performance. With a user-friendly platform for digital takeoff, you can efficiently oversee your projects to secure profitability, as it has become evident that 30% of MEP contractors face bankruptcy. The primary reasons for this alarming statistic often stem from flawed estimates, outdated material costs, and inadequate job cost oversight. To avoid being part of this statistic, it is crucial to focus on generating precise estimates that safeguard the profit margins of each undertaking, as even minor inaccuracies can jeopardize your venture's success. Metrics MEP eliminates the risk of poor estimates, which can result in financially detrimental projects. It is essential to adopt an estimating tool that simplifies the takeoff process and allows you to seamlessly generate estimates without unnecessary duplications of effort. Traditional methods such as spreadsheets and manual takeoff techniques can lead to inefficiencies and errors, emphasizing the need for a modernized approach in today’s competitive landscape. By embracing advanced technology, you can protect your business’s future and thrive in an evolving industry.
API Access
Has API
No
API Access
Has API
No
Integrations
DataXchange
No
Procore
No
Sage 300
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$622 per user, per year
Free Trial
Yes
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Flashtract
Founded
2019
Country
United States
Website
www.flashtract.com
Vendor Details
Company Name
Trimble MEP UK
Founded
1978
Country
United Kingdom
Website
mep.trimble.com/en-GB
Product Features
Construction Accounting
Accounts Payable
Yes
Accounts Receivable
No
Billing & Invoicing
Yes
Budgeting & Forecasting
No
Cash Management
No
Construction Breakdowns
No
General Ledger
No
Job Costing
No
Overrun Projections
No
Payroll Management
No
Purchase Order Management
No
Quotes / Estimates
No
Construction Bid Management
Bidder Management
No
Building Product Database
No
Cost Database
No
File Sharing
No
Proposal Management
No
Quotes / Estimates
No
RFP Management
No
Subcontractor Management
No
Takeoff
No
Version Control
No
Construction Management
Accounting Integration
No
Budget Tracking/Job Costing
No
CRM
No
Change Orders
No
Commercial
No
Contract Management
No
Contractors
No
Equipment Tracking
No
Estimating
No
Incident Reporting
No
Mobile Access
No
Offline Access
No
RFI & Submittals
No
Residential
No
Subcontractor Management
No
Timesheets
No
Contractor Management
Contractor Database
No
Insurance Tracking
No
License Tracking
No
Permit Tracking
No
Skills & Competencies
No
Task Management
No
Work Hour Tracking
No
Product Features
Construction Bid Management
Bidder Management
Yes
Building Product Database
No
Cost Database
Yes
File Sharing
No
Proposal Management
Yes
Quotes / Estimates
Yes
RFP Management
No
Subcontractor Management
No
Takeoff
Yes
Version Control
No
Construction CRM
Client Tracking
No
Contract Management
Yes
Forecasting
No
Project Management
No
Quote Management
Yes
Sales Management
No
Scheduling
No
Time Management
No
Construction Estimating
Accounting Integration
No
Audit Trail
No
Bid Management
No
Billing & Invoicing
No
Building Product Database
No
Calculators
No
Change Orders
No
Contract Management
No
Cost Database
No
Customer Management
No
Customizable Templates
No
Electrical Estimating
Yes
HVAC Estimating
Yes
Historical Database
Yes
Job Costing
No
Plumbing Estimating
Yes
Price Data / Price Books
No
Project Management
No
Quote Management
No
Reporting/Analytics
Yes
Scheduling
No
Subcontractor Management
Yes
Takeoff
Yes
What-if Analysis
No
Construction Management
Accounting Integration
No
Budget Tracking/Job Costing
Yes
CRM
No
Change Orders
Yes
Commercial
No
Contract Management
Yes
Contractors
Yes
Equipment Tracking
No
Estimating
Yes
Incident Reporting
No
Mobile Access
No
Offline Access
No
RFI & Submittals
No
Residential
No
Subcontractor Management
Yes
Timesheets
No
Construction Scheduling
Bid Management
Yes
Change Orders
No
Gantt Charts
No
Job Scheduling
No
Project Scheduling
No
Rescheduling
No
Staff Calendar
No
Task Management
No
Contractor Management
Contractor Database
Yes
Insurance Tracking
No
License Tracking
No
Permit Tracking
No
Skills & Competencies
No
Task Management
No
Work Hour Tracking
Yes
Electrical Estimating
Billing & Invoicing
Yes
Change Orders
Yes
Cost Database
Yes
Project Management
Yes
Quotes / Proposals
Yes
Takeoff
Yes
HVAC Estimating
Billing & Invoicing
Yes
Commercial/Industrial
Yes
Cost Database
Yes
Data Import / Export
Yes
Equipment Maintenance
No
Financing Management
Yes
Labor Rates
Yes
Quotes/Proposals
Yes
Scheduling
Yes
Takeoff
Yes
Plumbing Estimating
Change Orders
Yes
Commercial / Industrial
Yes
Cost Database
Yes
Data Import / Export
Yes
Fitting Management
No
For General Contractor
No
Overhead Costs Estimating
Yes
Prebuilt Assembly
No
Quotes / Proposals
Yes
Takeoff
Yes
Takeoff
3D View
No
Assembly Takeoff
No
Cross Section Creation
No
Electronic Plans
Yes
Elevation Checking
No
Error Checking
No
Site Balancing
No
Slope Routines
No
Subcontractor Management
No
