How did the idea for PayCloud come about?
I’ve owned and run a construction company since 2003, and ever since the inception we struggled to find a way to effectively manage subcontractor payments effectively – having to spend hours each week obtaining the correct details from subcontractors, working out their tax deductions, and issuing their payment statements was a burden that we could do without. Time was precious enough trying to run projects and get a fledgling construction company off of the ground. It was the need for an effective solution that led me to develop a basic version of PayCloud in order to run our subcontractor payments. With various improvements over the years this same system continues to serve us well, and has been particularly invaluable during busy times, even processing up to nearly one hundred payments per week during a hotel build.
It occurred to me recently that if this small online software application had proved so invaluable to us for managing our subcontractor CIS payments that maybe it could do the same for others. It is with this in mind that I am turning PayCloud from a single user custom interface into a fully fledged, multi user, commercial product for the construction industry. I hope that others can benefit from it as much as my company has.