PayShepherd is a fintech platform that automates contractor billing and compliance verification, providing real-time visibility into incurred costs and contractor performance. By reducing manual work by 95% and achieving over 80% contractor compliance rates, it helps organizations mitigate budget overruns and disputes while saving 10% on contracted services spend.
Funding
$8.7M 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
Managing a large contractor workforce is challenging, and without real-time visibility into cost and performance, small errors can escalate into budget overruns, safety risks, disputes, and claims. Traditional manual processes for contractor billing and compliance verification are time-consuming and prone to errors.
Solution
PayShepherd is a fintech platform designed to automate contractor billing and compliance verification, offering real-time visibility into incurred costs and contractor performance. The platform reduces manual work, accelerates incurred cost visibility, and improves contractor compliance rates. By automating contract compliance and providing a centralized view of contractor activities, PayShepherd helps organizations mitigate budget overruns and disputes.
Target Audience
PayShepherd is designed for organizations managing a large contractor workforce, including procurement leaders and operations managers.
Features
- Automated contractor billing processes
- Real-time visibility into incurred costs
- Automated contract compliance verification
- Centralized platform for managing contractor workforce
- SOC 2 Type 2 certified security