Construction Firms Wasting 10+ Hours a Week on Admin: Payapps Research Shows Tech Can Break the Cycle
In an industry grappling with a severe labour shortage, a new report from Payapps reveals a startling statistic: Australian construction companies are three times more likely to spend 10 or more hours per week on repetitive administrative tasks compared to those utilising specialised construction software, like Payapps. This alarming figure underscores the urgent need for digital transformation in a sector already stretched to its limits.
The “Building the Future” report, which surveyed over 1,000 construction professionals the globe, including Australia and New Zealand, paints a clear picture of the challenges facing the industry. With demand soaring and skilled labour in short supply, Aussie firms are increasingly seeing the benefits of turning to technology to streamline operations and boost efficiency.
“The construction industry in Australia is at a crossroads,” says Geoff Tarrant, Co-Founder of Payapps. “Our research demonstrates that embracing technology is no longer a luxury, but a necessity for survival and growth. By automating tedious tasks, companies can free up valuable time and resources, allowing them to focus on core business activities and tackle the labour shortage head-on.”
The report highlights the significant benefits of adopting specialised construction software like Payapps. By automating critical processes such as progress payment claims, companies can drastically reduce the time spent on administrative work, allowing staff to focus on higher-value tasks. This not only improves efficiency but also enhances employee satisfaction, a critical factor in attracting and retaining talent in a competitive market.
Furthermore, the report found that 61% of companies using Payapps are significantly more likely to report a positive impact, with improved cash flow, reduced errors, and fewer disputes. This demonstrates the tangible financial benefits of embracing digital solutions in an industry often resistant to change.
With the labour shortage showing no signs of abating, Australian construction firms must act decisively to adopt technology that can streamline operations and empower their workforce. The “Building the Future” report serves as a wake-up call, urging companies to break free from the shackles of manual processes and embrace the digital age.
To access the complete “Building the Future” report and learn more about how Payapps can help your construction business thrive in these challenging times, click here.
