Overview
What is Billd?
Billd is a financial solutions platform specifically created for subcontractors in the construction industry. According to the vendor, it provides access to project-based lines of credit and payment solutions to help subcontractors effectively manage their cash flow and meet their financial requirements....
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Product Details
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What is Billd?
Billd is a financial solutions platform specifically created for subcontractors in the construction industry. According to the vendor, it provides access to project-based lines of credit and payment solutions to help subcontractors effectively manage their cash flow and meet their financial requirements. Billd caters to subcontractors of all sizes, ranging from small businesses to large enterprises, and is utilized by professionals and companies in the construction industry, including subcontractors, general contractors, suppliers, construction project managers, and construction finance professionals.
Key Features
Material Financing: According to the vendor, subcontractors can eliminate the need for out-of-pocket expenses for materials as Billd pays suppliers directly in cash. This allows subcontractors to pay when they receive payment and potentially negotiate favorable discounts with suppliers. The platform enables subcontractors to receive and pay for materials on pay-when-paid terms, with a maximum duration of 120 days.
Pay App Advance: The vendor states that subcontractors can receive an advance on their approved pay app, enabling them to access funds they have already earned. This feature assists in addressing the immediate financial needs of their business and provides predictability in terms of accounts receivable. Subcontractors can repay the advance when they receive payment, with flexible repayment terms of up to 60 days.
Project-Based Lines of Credit: Subcontractors can access funds tailored to their specific project requirements, allowing them to effectively manage their business needs and adapt to changing demands in the construction industry. According to the vendor, these project-based lines of credit are designed to protect existing credit lines and enhance bonding capacity.
Increased Buying Power: The vendor claims that subcontractors can enhance their purchasing power with vendors and maximize their material discounts. This empowers subcontractors to confidently bid on larger projects, knowing they have the necessary financial support. Streamlined accounts receivable provide stability and predictability, enabling subcontractors to strategically plan for business growth.
Flexibility and Stability: According to the vendor, Billd offers flexibility and stability by unlocking additional capital for investment in areas aligned with subcontractors' long-term business plans. Subcontractors can plan their operations based on their unique requirements, with stability and predictability. Streamlined accounts receivable, safeguarded lines of credit, and enhanced bonding capacity contribute to the overall stability of subcontractors' businesses.
Streamlined Accounts Receivable: Subcontractors can benefit from predictable accounts receivable and repayment terms that align with their cash flow, with a maximum repayment duration of 60 days. According to the vendor, this feature provides stability and predictability, safeguards lines of credit, and supports growth planning for subcontractors in the construction industry.
Billd Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
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Operating Systems | Web-Based |