GCPay is excited to share a series of improvements to the ePayments & Waiver Exchange feature, including expanded waiver functionality, manual holds and comments.
Comments / Holds
Users now have the option to add comments and apply holds to payables. Comments and holds may be added by users with the following permissions:
- Treasury Assistants can only remove their own holds.
- Treasury Officers can remove any holds, including those placed by other users.
- Admins can remove any holds, including those placed by other users.
Waiver / Template Settings Update
GCPay has decoupled the Payment Exchange waiver setting from the Requirement Trigger, which means a Payment Exchange waiver can be required at any point in the AFP submission and approval workflow. This is particularly helpful for waivers that require notarization, as it allows a GC to require the waiver after the AFP is approved, avoiding the scenario where a subcontractor is forced to notarize a waiver for an AFP that is ultimately rejected.
GCPay also introduced a Payment Control setting in the General Options. This setting allows a user to designate any waiver / template as a requirement for payment. This setting does not involve the "Unofficial" watermark process of the Payment Exchange setting, but it does prevent an AFP from being paid if the waiver / template is Outstanding. This feature was designed for users that want to ensure all documents, including conditional waivers, tier vendor waivers, sworn statements, etc. are collected and accepted before payment is released.
