Project 2 Payment, a tool that helps U.S.-based contractors create estimates, send invoices and get paid, has added two new features.
The Business Reporting dashboard aims to provide contractors with insights into their business data, while the Brand Customization feature helps them enhance their brand presence, the company said in a Tuesday (Sept. 19) press release.
“We don’t want our local contractors to merely survive, but thrive. Instead of operating without critical business data or spending an entire weekend compiling it, with a few clicks, Project 2 Payment offers contractors an easy way to instantly see the business information they need to succeed,” Taylor Lund, director of product management at Project 2 Payment, said in the release.
The Business Reporting dashboard allows contractors to easily track their total business revenue, average payment size, and filter data by date range and payment method, according to the press release. This eliminates the need for manual data entry and self-made reports. All the necessary information is stored in one place and can be exported to Excel or PDF files with just a click.
Project 2 Payment’s Brand Customization feature enables contractors to enhance their brand recognition and win more business, the release said. By adding a logo and selecting custom brand colors, contractors can ensure that everything they send to their customers — from estimates to invoices and payment forms — is branded and professional.
“As a small business operator myself, making enterprise-quality features accessible to small business owners is not just a duty, but a privilege,” Vince Arnoldi, president of Project 2 Payment, said in the release.
PYMNTS Intelligence has found that construction firms are adopting digital solutions to meet industry challenges. Thirty percent of U.S. construction firms are investing in technology to save time and costs, according to “Building Better Cash Flow in Construction With Digital Payments,” a PYMNTS and American Express collaboration.
Specifically, these firms are planning to add technology to accelerate payments, reduce financing costs and streamline back-office processes — solutions that address common problems in the construction industry.