Over the last six months we've been working on a new product called thepowertool and we've just gone live. thepowertool is a construction payment system which links the claimant (the company wanting to be paid) with the respondent (the one doing the paying). The claimant uses our browser-based Silverlight program to define their clients and contracts. Each month they will create a payment claim which is emailed to the respondent. The respondent can click on the email link to approve/adjust the payment claim. The system provides the easiest way yet for claimants and respondents to process payment claims using a strict process that conforms to the security payments legislation which has been introduced in most Australian states, New Zealand, Malaysia and Singapore.
For any project to be successful you need the right mix of people. We've provided our technical expertise while others have provided their expertise in the construction industry and the application of the legislation. We've been showing it off to a number of industry bodies and they are very excited by what they have seen. I think we have a winner here!
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