Home SMART 100 2016 Progressclaim.com

Progressclaim.com [SMART 100, 2016]

0

This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.

Learn more about the SMART 100 >>

1. THE BEGINNING

This innovation initially came to life when…

Lincoln Easton worked as a CFO in the construction industry for many years and was continually drowning in paperwork, primarily due to progress claims.

He understood firsthand the frustration of being unable to process progress claims because of simple irregularities in the paperwork and has been on the receiving end of subcontractors’ irritation as the payment process was held up.

He knew there could be a much easier, simpler process. This is why he launched Progressclaim.com to combat this situation, to get everyone collaborating and working together with a simple process, get subbies paid on time and reduce aggro!

2. WHAT & HOW

The purpose of this innovation is to…

enable contract parties to administer payment claims collaboratively online. The current claims process is very manual with differing systems that don’t talk to each other. We provide a common and secure process with everyone on the same page.

It does this by…

connecting all parties together via our simple web interface that works on all devices. Data, documents and information can be shared between organisations in real time so that all parties have a single view of the status of claims, variations, retention and practical completion. It’s cloud based, can be accessed anywhere and is super simple to use.

3. PURPOSE & BENEFITS

This innovation improves on what came before because…

For the first time you can submit and approve conforming claims online in just seconds. Using the same system ensures streamlined efficiency with everyone on the same page.

Now you can issue conforming payment schedules and payment instantly, get paid faster with conforming payment claims that are issued instantly and get clarity with documentation that you and accounts people understand.

Its various benefits to the customer/end-user include…

Saves time on claims
Prevents disputes over payments, which stops down time on construction sites
Fulfills contract and payment obligations
Protects against risk
Accurate and consistent
Automatically produces professional, conforming documentation
Can be used anywhere, anytime on any device.

4. COMPETITIVE LANDSCAPE

In the past, this problem was solved by…

The current claims process is very manual with differing systems that don’t talk to each other, from Word docs to spreadsheets to faxed pieces of paper! The process is slow, disjointed and inaccurate.

Progressclaim.com is the first to provide a common system that is cloud based and works on all devices. A subbie can literally submit a claim on site!

Its predecessors/competitors include…

Spreadsheets, Word documents, good old paper and even faxes! Generally systems and processes that don’t talk, or collaborate, with each other.

5. TARGET MARKET

It is made for…

Construction professionals but being a collaboration tool we appeal to all construction stakeholders from subcontractors, to builders, to large construction companies to architectural firms.

It is available for sale through…

our website progressclaim.com

Our marketing strategy is to…

use a push-pull strategy. The push-strategy is focused on ‘old-school’ sales presenting to general contractor companies. These companies will mandate the product for use by all their subcontractors who will sign-up on the website.

The pull-strategy is heavy digital content marketing (seduction) strategy. Subcontractor level focused geared towards driving direct website sign-up, while also generating leads, data and brand building.

FINE PRINT: This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.

Get unlimited access to our FREE business tools…

Need to raise capital? Want to become a more persuasive presenter? Want to master social media? Is it time to overhaul your website? Unlock the library to get free access to free cheat sheets and business tools. Click here for free business tools.