Doxa Connex is a cloud-based platform that automates procurement, payment, and financing processes for contractors and suppliers in the construction industry, utilizing technologies such as blockchain and microservices. It addresses inefficiencies in traditional paper-based workflows, enabling users to streamline operations and improve cash flow management with real-time access to financing options.
Funding
$5.6M 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 projects often suffer from inefficient, paper-based procurement processes, leading to delays, errors, and increased costs for contractors and suppliers. Managing complex workflows, purchase orders, and payment approvals across multiple stakeholders can be cumbersome and lack transparency.
Solution
Doxa Connex is a cloud-based platform designed to streamline procurement, payment, and financing workflows specifically for the construction industry. The platform automates procure-to-pay processes, providing a centralized system for managing requests for quotation (RFQs), purchase orders, progress claims, and payments. Doxa Connex facilitates direct financing options and integrates with existing accounting software such as IFCA, SAP, and Quickbooks. By digitizing and automating these processes, Doxa Connex aims to improve efficiency, reduce errors, and provide better access to financing for construction projects.
Target Audience
Doxa Connex targets main contractors, subcontractors, real estate developers, and suppliers within the construction industry seeking to streamline their procurement, payment, and financing processes.
Features
- Centralized RFQ management for comparing quotes from multiple suppliers
- Automated three-way matching to validate invoices against purchase orders and goods received
- Host-to-host payment processing for streamlined transactions
- Direct financing options integrated into the platform
- Embedded logistics management
- Integration with existing accounting software (IFCA, SAP, Sage, Quickbooks, Globe3, MYOB)
- E-signatures for document approvals
- Project drawdown management
- Collaborative workspace for managing claims
- Analytics dashboard for tracking key performance indicators
- Role-based access control and data encryption for enhanced security