Trayd provides a unified operating system for construction back-office management, integrating payroll, scheduling, and time tracking functions. The platform offers features like automated prevailing wage handling, geolocation clock-ins, and real-time labor cost reporting for contractors. It centralizes data across back-office, foremen, and workers, ensuring seamless integration with existing ERP and project management tools for accurate job costing.
Funding
$2.5M 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.
Founders
Product
Problem
Construction companies often struggle with inefficient and error-prone manual processes for time tracking, payroll, and compliance, leading to inaccuracies in labor cost management and potential legal issues. Managing diverse workforces, including both W2 employees and 1099 subcontractors, further complicates payroll and reporting. Traditional methods lack real-time visibility into labor expenses and make it difficult to adapt to changing project requirements.
Solution
Trayd offers a construction payroll and compliance platform that automates time tracking, payroll processing, and employee management. The platform uses geolocation-based clock-ins and clock-outs to ensure accurate time capture and integrates scheduling, HR, and reporting functionalities into a single system. By consolidating subcontractor and employee data, Trayd provides real-time insights into labor costs, simplifies certified payroll reporting, and streamlines people management. The mobile app enables workers to easily clock in/out, view pay stubs, and request time off, while foremen can manage schedules and approve time sheets directly from the field.
Target Audience
Trayd targets construction companies of all sizes, including back-office staff, foremen, and workers, seeking to streamline payroll, time tracking, and compliance processes.
Features
- Geolocation-based time tracking with mobile clock-in/clock-out functionality
- Automated prevailing wage overrides and multi-entity support for payroll processing
- Real-time labor cost tracking and customizable reporting, including certified payroll reports
- Employee onboarding for both W2 and 1099 workers, including certification tracking and expense reimbursement
- Dynamic scheduling with easy shift creation and real-time update notifications
- PTO and sick day tracking
- Mobile app for workers to view pay stubs and request PTO