RapidWorks, a provider of field management solutions for heavy construction equipment service providers, introduced Rapid Payments, a fully integrated payments platform designed to help contractors collect, track and manage payments directly within the RapidWorks system.
Rapid Payments eliminates the need for disconnected billing tools by embedding payments into the core RapidWorks workflow from quote to payment. The solution gives contractors real-time visibility into payment status, simplifies reconciliation, and provides their customers with a secure, self-service way to pay online.
“Rapid Payments is a critical next step in our platform evolution because it removes friction from one of the most painful parts of the job: getting paid. By embedding payments directly into the workflows contractors already rely on every day, we’re helping heavy equipment service providers gain predictability, reduce risk and keep their operations moving forward,” Tim Curran, Chief Executive Officer of RapidWorks.
Heavy equipment service providers often lose hours weekly chasing checks, manually reconciling payments and managing cash flow across disconnected systems. Rapid Payments addresses these challenges by giving teams a single place to see who has paid and viewed invoices and which funds are expected, within the same platform they manage their day-to-day operations.
Rapid Payments provides:
- A Merchant Portal with real-time visibility into payments, pre-authorizations, and customer interactions.
- Secure payment links and virtual terminal tools for collecting payments by card or ACH.
- A branded, self-service Customer Portal that allows users to pay invoices, view balances, payment history, and get statements.
Rapid Payments is natively integrated into the RapidWorks platform, ensuring payments auto-apply to the correct invoices and eliminating manual reconciliation.
“By building payments directly into RapidWorks, merchants can manage the entire process in one connected flow, while giving their customers a modern, easy way to pay,” said Matthew Bullis, chief strategy officer at RapidWorks.
Industry benchmarks show that heavy-equipment companies typically wait 45 to 70-plus days to collect payment, with construction-related businesses often extending to 60 to 90-plus days due to project-based billing cycles. Early data indicates customers using Rapid Payments are reducing invoice outstanding time by an average of 25 days.
