We developed Payar.co with industry partners to deliver a scalable accelerated payment program for construction businesses.
Our platform enables the triage of accelerated payment requests in real-time performing intake due diligence on supporting documents such as lien waiver, statutory declarations, and observational data extracted from site photos.
Application forms are cumbersome and prone to human error resulting in poor quality and completeness putting unnecessary strain and waste on your resources.
With Harbr, upload documents and forms to streamline intake due diligence and automate request for information to ensure complete and thorough applications for underwriting.
Prospective clients can connect their financial accounts to provide AML, KYC/KYB authorization to enhance fraud prevention and provide additional data for faster underwriting decisions.
Automatically search commercial data, analytics, and insights for validation of client and vendor authenticity.
AI-based optical character recognition (OCR) scans documents and spreadsheets to build custom keywords for context matching across multiple document sets.
Built to validate construction progress claims with site photos, AI-based computer vision scans media files to derive high-level descriptions to compare against OCR keyword context matching.
All digital files contain data that describe and provide information about its creation. GPS, timestamp, creation/modification data provide further context for validating document authenticity.
During document parsing and diligence missing, incomplete, or custom RFI notifications are triggered automatically to obtain or update application data.
Work with us to deploy scalable funding programs within your organization.
If your business currently facilitates invoice funding programs for clients or your own vendors and your teams are manually verifying factoring data and triaging deal flow Harbr can help.
Provide better payments and fair terms to contractors on completed work.
A small one-time payout fee instead of monthly borrowing fees.
Set your own offer on discount terms and payout timelines that make sense.
Unlock new funding opportunities to better satisfy early payment requests.
Get paid for the work you've done instead of using credit, factoring, or invoice financing at non-sustainable rates.
Just a single early pay discount that you create instead of ongoing borrow fees and interest payments.
Set your own fees and payout terms that make sense to your businesses needs.
Harbr transforms manual invoice funding clearinghouse workflows into streamlined automated processes.
Learn more about how you can support your vendors with alternative financing to help reduce their cost of financing and improve your margin and cash yield.