HCM TradeSeal offers software solutions tailored for construction businesses, providing tools for accurate job costing, certified payroll management, and compliance with union reporting requirements. Their platform helps streamline administrative tasks and ensure regulatory adherence within the construction industry.
Funding
Funding not disclosed
Founders
Product
Problem
Construction companies face significant challenges in managing complex payroll requirements, especially when dealing with prevailing wages, union contracts, and certified payroll reporting. Manual processes are prone to errors, leading to compliance issues, financial penalties, and strained relationships with unions and regulatory bodies. Integrating payroll data with job costing and accounting systems further complicates administrative tasks.
Solution
HCM TradeSeal provides a software solution designed to automate and streamline prevailing wage and union payroll processes, ensuring compliance and accuracy for construction businesses. The platform integrates with major HCM and ERP systems, facilitating seamless data flow between field operations and office administration. By automating calculations, generating accurate reports, and managing complex union rules, HCM TradeSeal reduces the risk of errors and penalties associated with manual payroll management. The software supports various payroll scenarios, including multi-jurisdictional prevailing wages, multi-union environments, and mixed craft rates, while also offering features for managing apprentice ratios and fringe benefits.
Target Audience
HCM TradeSeal primarily targets construction companies, general contractors, and subcontractors that need to manage prevailing wage, union, and certified payroll requirements while integrating with existing HCM and ERP systems.
Features
- Automated calculation of prevailing wages and fringe benefits, even with per-employee and per-job variances
- Generation of certified payroll reports in PDF and electronic formats, compatible with federal, state, and local requirements, including LCP Tracker and California DIR
- Management of union wage rates, benefit payments, and reporting, with support for multiple union locals and collective bargaining agreements
- Integration with popular HCM systems like ADP, Paychex, Paycor, UKG, Paylocity, and Ceridian
- Compatibility with ERP systems such as Procore, Sage 300, Viewpoint Vista, Acumatica, Oracle, NetSuite, Deltek, JD Edwards, CMiC, and Jonas ERP
- AI-assisted setup for union and prevailing wage rate rules
- Data Manager feature for configuring employees, rates, benefits, and jobs
- Support for additional overtime rules, including "Over 8," "Over 10," and "Over 40"
- Ability to handle mid-week rate changes and nonstandard earnings
- Options for GL integration, employee data integration, and job data integration