Siteline is a billing solution designed specifically for trade contractors, enabling the generation and submission of payment applications in under five minutes while ensuring compliance with client specifications. By streamlining workflows and automating document tracking, Siteline reduces billing errors and accelerates payment cycles, resulting in faster cash flow and improved financial health for subcontractors.
Funding
$18.4M 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
Subcontractors in the construction industry face significant challenges in managing accounts receivable due to slow, manual billing processes and the complexity of compliance requirements. This often leads to delayed payments, increased administrative overhead, and strained cash flow, impacting their financial stability.
Solution
Siteline offers a cloud-based billing and A/R management platform tailored for trade contractors, streamlining the creation, submission, and tracking of payment applications. The platform centralizes all billing-related activities, from pay apps and lien waivers to compliance documents and change orders, providing real-time visibility into the financial health of projects. By automating document collection, ensuring compliance with GC specifications, and integrating with accounting systems and payment portals, Siteline reduces billing errors and accelerates payment cycles. This enables subcontractors to improve cash flow, minimize administrative burden, and focus on project execution.
Target Audience
Siteline primarily targets trade contractors and subcontractors in the construction industry, including A/R managers, CFOs, project managers, and operations leaders.
Features
- Automated generation of custom pay applications compliant with over 15,000 GC-specific forms
- Integrated lien waiver management, including automated generation, sending, and tracking of waivers
- Real-time compliance tracking to ensure all required documents, such as certificates of insurance, are up-to-date
- Change order tracking to monitor the status of unapproved change orders and incorporate approved changes into the schedule of values (SOV)
- A/R reporting with visual dashboards providing insights into invoice aging, payment status, and GC payment performance
- Billing and cash flow forecasting tools to project future revenue and anticipate payment dates
- Collections management features to streamline collections activities, assign tasks, and automate payment reminders
- Integration with popular accounting software (e.g., QuickBooks, Sage) and GC payment portals to eliminate double data entry