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Trimble acquires Flashtract technology

Trimble has acquired Flashtract, adding its construction payment and subcontractor compliance technology and rebranding it as Trimble Pay

Trimble has acquired Flashtract and its billing technology that streamlines the flow of payment and compliance information between construction general contractors and subcontractors.

Rebranded as Trimble Pay, the technology is used to manage payment applications, lien waivers and other compliance and billing documentation electronically. Trimble says this simplifies communication and document transfers between parties.

“Secure, reliable and fast electronic management of payments and lien waivers can be vital benefits to contractors, but many still manage these processes manually,” Trimble vice president of construction management solutions Lawrence Smith says.

“Adding the ability to manage these workflows with subs electronically through Trimble Pay helps contractors improve compliance and keep projects on schedule and budget by reducing the two to three days of manual work per month by project managers or accountants.”

Trimble Pay will be initially integrated with the capabilities of Trimble’s Viewpoint Vista ERP solution for construction. It will also extend the connected construction technology ecosystem that Trimble Construction One brings to the market, the company says.

“We have earned a strong reputation for enabling general contractors to minimise legal and financial risk and improve efficiency since introducing our technology in 2019,” Flashtract co-founder and CEO Blair Chenault says.

“Joining Trimble will allow our teams to advance these capabilities and help contractors make payments on time and keep management of financial and compliance documents from hampering project delivery.”

Trimble Pay is expected to be available later this year as part of the Trimble Construction One software suite.

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