Dill provides construction suppliers with a platform to automate credit applications and streamline accounts receivable processes. The system enables white-labeled online payment portals for customers to pay via ACH or credit card, accelerating cash flow. By automating statements, reminders, and reconciliation, Dill reduces manual AR work and speeds up customer onboarding.
Funding
$1.5M 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.
FCFounders
Product
Problem
Trade contractors and construction suppliers often face delays in payment due to manual invoicing processes, slow lien release procedures, and errors in documentation. These inefficiencies lead to increased Days Sales Outstanding (DSO) and strained relationships between contractors and suppliers.
Solution
Dill provides a digital invoicing and payment platform designed to automate lien releases, preliminary notices, and payment processes for trade contractors and construction suppliers. The platform offers features such as a white-labeled invoice and payment portal, integrations with major accounting systems, and automated lien rights management. By streamlining workflows and minimizing manual errors, Dill enables users to receive payments faster, reduce DSO by at least one week, and improve customer relationships. The platform supports custom General Contractor (GC) templates and offers a user-friendly experience for vendors, reducing the time spent processing releases.
Target Audience
Dill primarily targets trade contractors and construction suppliers looking to streamline their invoicing and payment processes, reduce DSO, and improve relationships with their vendors and customers.
Features
- White-labeled invoice and payment portal for suppliers, allowing contractors to view invoices by job and PO, download statements, and pay via ACH or credit card.
- Automated reconciliation and statement generation, including payment reminders with custom branding.
- Automated lien rights management with notifications for expiring lien rights.
- Digital preliminary notice filing.
- Contractor application to request and track lien releases by job.
- Automated lien release requests and reminders.
- Support for any custom GC-specific template.
- Vendor 1-click signature for quick lien release processing.
- Integrations with major accounting systems for live data synchronization.