Tradeepay

In 2017, TradeEpay was designed to solve the problems associated with poor cash flow and late and non-payments for Australian Tradie's. TradeEpay is an electronic, real time, progress payment and communication system, which offers Tradie's the reassurance and security of being paid on-time, and Homeowners the comfort of knowing that their job will be completed to their satisfaction. TradeEpay is a secure, user friendly web and mobile application that is as simple to use as an online bank account and provides clear documented communication between Tradie's and Homeowners. TradeEpay totally challenges the market and provides an intuitive solution through new product innovation that improves cash flow and reduces financial risk to Tradie's. The present invoice system in Australia is fundamentally flawed and the statistics are damning. Australia is rated as one of the worst countries in the world for paying invoices on-time. 90% of businesses fail due to poor cash flow. 20-25% of all insolvencies are in the Building & Construction Industry and an estimated $26 billion is owed to Australian small businesses. Beyond the financial implications of late and non-payments, every 2 days in Australia, a construction worker commits suicide. Construction workers are 6x more likely to die from suicide than through a workplace accident. A statistic we will significantly improve. After understanding the massive extent of the problem, we had to get on board to try to make a difference. TradeEpay provides a solution to the problem, while keeping the system simple, and focusing on customer experience.