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Financial Automation on BuildWallet
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"technology to reduce human input & error for the planning, funding, managing, & paying for any Project."
Account Wallets – Lifetime use accounts for registered Team Members
Project Wallet – One-time use restricted account - used for designated Project ONLY
Prime Contract Setup & Negotiation – Owner & Contractor
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Active Visibility on both sides
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Active Submission/Acceptance on both sides
Status Bubbles – Transparent insight on Subcontract Status
Escrow Automation Rule – Owner must Fund Subcontract Escrow ahead of the Work
Over Spending Prevention - Contractor cannot issue Subcontract above amount in contract
Asynchronous Negotiation of Subcontract - ("Traffic Light" – accept, negotiate, reject)
Subcontractor Invoices
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Preset Invoice Milestones – set at time of subcontract issue
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Invoice Submission – digital & easy
"Approve to Pay" Transfers
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Instant release (12 seconds)
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Instant Update of Contract Accounting
Change Orders
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Mobile Submission - easy
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Paid Upon Approval
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Instant update of Project Contract
Contractor Paid at Completion of Phase – OH / Profit / Margin
Owner gets Wallet Balance - only after Project is 100% Complete - after Lender Approval
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