Billy is a construction compliance platform that automates the collection and verification of vendor certificates of insurance, W9 forms, and business licenses, streamlining compliance tracking in one centralized hub. This solution mitigates risk for contractors by ensuring that all necessary compliance documents are accurate and up-to-date, saving time and reducing manual errors.
Funding
$11.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PASVFounders
Product
Problem
Construction firms face significant challenges in manually collecting and verifying vendor compliance documents, such as certificates of insurance (COIs), W9 forms, and business licenses. This manual process is time-consuming, prone to errors, and increases the risk of non-compliance, potentially leading to financial and legal repercussions.
Solution
Billy is a construction compliance platform designed to automate the collection, verification, and tracking of vendor compliance documents, streamlining the entire compliance process into a centralized hub. The platform automates the previously manual processes of collecting and verifying COIs, W9s, and business licenses, reducing administrative overhead and minimizing the risk of human error. By integrating with existing construction management software like Procore and Autodesk, Billy facilitates seamless data transfer and ensures that project and vendor information is consistently up-to-date. The platform provides real-time notifications for expiring documents, automates outreach to vendors for renewals, and offers a user-friendly interface for monitoring compliance status across all projects.
Target Audience
Billy is designed for general contractors, construction managers, and risk officers who need to ensure vendor compliance across multiple projects, reduce administrative costs, and mitigate potential legal and financial risks associated with non-compliance.
Features
- Automated collection and verification of certificates of insurance (COIs), W9 forms, and business licenses
- Integration with Procore, Autodesk, CMiC, Docusign, Sage 300, and JD Edwards for seamless data synchronization
- Real-time notifications and alerts for expiring or non-compliant documents
- Centralized dashboard for monitoring compliance status across all vendors and projects
- Automated outreach to vendors for document renewals and updates
- Digital storage of compliance documents with secure access controls
- Managed services option for complete outsourcing of compliance tracking