Always Know What's Going On
Construction Invoice Management
Improve collaboration among teams with faster invoice coding and approval.
What is Invoice Management?
Invoice management is the process of documenting, monitoring, and organizing construction invoices. With automated software like Rabbet, this process is easier than ever.
How Does Rabbet's Invoice Management Work?
Fewer Data Entry Tasks
Rabbet captures invoice data and automatically matches it to the corresponding line item, reducing the need for manual data entry. Invoices are tied to a matching contract for easy invoice approval.
Integrate with Accounting
The Rabbet platform integrates with several accounting and AP systems and synchronizes the information among platforms.
Trust that Information is correct
With better alignment, accounting and development teams trust that information is accurate and can easily carry out their respective processes.
How Real Estate Developers Benefit from Invoice Management Software
Speed up projects
By reducing manual data entry, Rabbet lets you focus on strategic forecasting rather than wrestling with administrative tasks.
Get real-time budget visibility
Finance teams use Rabbet to get real-time updates about a project’s finances. You’ll be surprised at how fast the payment process is when data is at your fingertips.
Streamline workflows and reporting
Rabbet analyzes documents, alerts users to issues, and makes all data accessible for reporting. Track approvals, workflow, and project status directly within Rabbet.
Key Features of Rabbet's Construction Invoice Management
Excel spreadsheets have significant limitations when it comes to risk management. They offer a static view of data that lacks real-time accuracy. Software prevents inefficiencies by offering real-time data and payment reminders.
Accounting and construction teams don’t always see eye-to-eye. Invoice management software connects the data each team views to prevent data discrepancies. Everyone’s on the same page.
Several layers of data entry occur before you receive information. By the time it’s in your hands, information is a few days old, so your financial projections aren’t as precise as they could be.
Quickly request digital signatures for invoices and forms to speed up the payment process.
Equity partners are increasingly requesting real-time updates and more frequent reports. Software constantly delivers transparent, accurate information.
Whether at home, in the office or at the job site, Rabbet helps you stay aligned with your team. Seamlessly coordinate invoices and make sure everyone stays in the know.
Frequently Asked Questions
What is invoice management software?
Invoice management software is a tool that helps automate the invoice approval process. When Rabbet users upload an invoice, the system automatically connects it to the corresponding line item in the project budget. Users can also get digital signatures, track the status of an invoice, and quickly verify whether someone has been paid.
How do I know if I need invoice management software?
If you’re spending hours on data entry tasks or trying to find better project management solutions, invoice management software is for you! Software reduces the time spent on manual review and reconciliation and gives you accurate, real-time data insights.
Is the software secure enough for construction lending?
Rabbet is SOC-2 compliant and complies with the most rigorous security standards. Read more about our trust and compliance policies here.
How much does invoice management software cost?
Rabbet offers 3 pricing options depending on your needs. You can view pricing information here.
Can invoice management tools prevent duplicate invoices?
Software can prevent duplicate invoices most of the time. The Rabbet platform automatically compares invoice numbers and budget line items and alerts you if any numbers are the same.
What kind of support does Rabbet offer during and after implementation?
Our team is here to help you maximize your time in Rabbet while you’re onboarding and beyond. You can read about our onboarding and training process here.