Problems

What will AGI do for Payment Application Processing?

Commercial subcontractors and general contractors spend days at the end of every billing cycle reconciling payment applications against field progress. To release funds, project accountants must verify line-item completion percentages across hundreds of schedule-of-values entries, calculating exact retainage holdbacks and material-on-site costs. This reconciliation requires cross-referencing field reports, approved change orders, and supplier invoices to ensure the billed amount matches the physical reality of the project.