Carbon Steel Tube Mill,Tube Mill Machine,Welded Tube Mill,Tube Mill Yangzhou Donglun Industrial Equipment Co., Ltd , https://www.dltubemill.com
Autodesk signs definitive agreement to acquire Payapps for global payment and compliance management
Autodesk has taken a major step forward in transforming the construction industry by signing a definitive agreement to acquire Payapps, a leading global provider of construction payment and compliance management solutions. This strategic move aims to address the urgent need for a more efficient, transparent, and compliant payment process, which has long been a pain point for construction professionals worldwide.
The collaboration between Autodesk and Payapps began back in 2022, when both companies aligned on shared goals to enhance project workflows and streamline payment processes. Now, with this acquisition, Autodesk customers will gain access to advanced technology that simplifies and accelerates construction payment management, benefiting all stakeholders involved in a project.
Payapps, known as GCPay in North America, offers cloud-based solutions that improve visibility and efficiency across construction projects. Their platform has already helped teams save nearly 350,000 hours annually. By integrating Payapps into the Autodesk Construction Cloud, the company is expanding its Design and Make Platform to include critical payment and compliance features—something the industry has been waiting for.
This acquisition reflects Autodesk’s ongoing commitment to improving how construction projects are managed. As Geoff Tarrant, Executive Chairman of Payapps, stated, “With Payapps becoming part of Autodesk, our customers will get to experience the technology benefits of both companies as we continue our journey to help construction companies improve their payment management processes.â€
Industry leaders like Andy Burg from Messer Construction and Brett Mason from Built have expressed excitement about the potential of this partnership. They believe the integration will lead to greater efficiency, better control over payments, and improved overall project execution.
While the acquisition is still pending, Autodesk expects it to be completed during its first quarter of Fiscal Year 2025. Until then, both companies will operate independently. The deal is expected to have no material impact on Autodesk’s financial guidance for fiscal year 2024.
As the construction industry continues its digital transformation, innovations like this are essential for driving progress and ensuring smoother, more reliable operations. With Payapps now part of the Autodesk family, the future of construction payment management looks brighter than ever.