Handle provides a technology-based platform for lien management, waiver exchange, and online payments specifically designed for the construction industry. By automating payment processes and ensuring compliance, Handle helps material suppliers and equipment dealers reduce payment delays and improve cash flow efficiency.
Funding
Funding not disclosed
Founders
Product
Problem
Material suppliers and equipment dealers in the construction industry face challenges in managing payments, exchanging waivers, and ensuring compliance, leading to payment delays and inefficient cash flow. Manual processes and disjointed systems contribute to errors in job details, difficulties in tracking notices and waivers, and complexities in lien management.
Solution
Handle offers a technology-based platform designed to streamline payment processes, automate compliance, and facilitate efficient waiver exchange for the construction industry. The platform provides end-to-end solutions for lien and notice management, automating deadline tracking and offering instant owner verification. It also features a waiver exchange portal that enables quick and easy waiver processing, along with custom waiver templates and automated payment calculations. Furthermore, Handle includes an online payment portal with supplier functionality, automated cash application, and deduction identification, all integrated with accounting systems to reduce days sales outstanding (DSO) and ensure compliance.
Target Audience
The primary target audience includes material suppliers and equipment dealers in the construction industry, particularly credit and finance teams seeking to improve efficiency in payment and lien management processes.
Features
- Lien & Notice Management: Protect payment rights with preliminary notices, NTOs, and mechanics liens.
- Automatic Deadline Tracking: Stay compliant in every state with automated deadline management.
- Instant Owner Verification: Automatically obtain owner details and APN for accurate job information.
- Job Info Sheet Optimization: Improve accuracy and speed of job information processing.
- Interactive Reports: Access real-time analytics and job updates through interactive reports.
- Accounting System Integration: Eliminate double data entry with seamless accounting system integration.
- Waiver Exchange Portal: Process waivers quickly with easy-to-use waiver management tools.
- Custom Waiver Templates: Instantly process custom waiver requests.
- Waiver Protection Safeguards: Ensure rights are protected during waiver signing.
- Automated Payment Calculations: Easily calculate exceptions and manage payments.
- Online Payments: Facilitate EIPP and B2B payments through an online portal.
- Supplier Functionality: Manage trade credit memos and other supplier-related tasks.
- Automated Cash Application: Utilize intelligent payment reconciliation for efficient cash application.
- Deduction Identification: Identify deductions for short-paid transactions.
- Pre-pay Invoices: Reduce Days Sales Outstanding (DSO) by enabling pre-payment of invoices.
- Electronic Notary: Notarize documents remotely.
- Parcel Mapping: Find owner information using GPS location if no precise address is available.
- Visibility Dashboards: Track user actions, tasks, and revisions automatically.