Complete Financial Control from Request to Payment
Streamline your financial processes with integrated payment management. From payment requests to advanced payment tracking, maintain complete financial visibility and control at every stage.
Payment wizard interface showing 4-step workflow with BOQ integration and approval tracking
Interface preview
The Payment Chaos
- 1Payment requests require manual BOQ calculations
- 2No connection between certified work and payment amounts
- 3Retention and deduction tracking in spreadsheets
- 4Approval workflows happen outside the system
- 5Financial reports require cross-referencing multiple sources
Arkan Financial Management Capabilities
Main Information
Project and contract details (contractor, client, consultant, contract value)
Complete payment context
BOQ Selection
Select BOQ items for payment certification
Direct BOQ integration
Advanced Payments
Apply deductions, adjustments, and retention
Amount-based and percentage-based deductions
Preview & Submit
Review and approve complete payment request
Approval workflow integration
Inspection Bills
Bill creation with reference tracking
Location hierarchy, activity distribution
Payment History
Complete payment tracking and reconciliation
Previous payment totals, incremental tracking
4-Step Workflow
Main Information
Project and contract details
BOQ Selection
Select items for payment certification
Advanced Payments
Apply deductions and adjustments
Preview & Submit
Review and approve payment request
Simple 4-Step Process
Create: Start payment request with contract details
Select: Choose BOQ items for certification
Calculate: Apply deductions, retention, adjustments
Submit: Route for approval with complete documentation
Measurable Impact
Payment Processing
70% faster
Automated vs. manual calculation
Calculation Errors
Zero
System-calculated from BOQ
Audit Trail
Complete
Every transaction tracked
“Payment processing was a nightmare. Contractors submit quantities, QS verifies against BOQ, finance calculates retention and advances, then routing for 5 approvals. The 4-step wizard cut processing time from 14 days to 3 days. BOQ integration means no manual calculations. Retention and advance payments are automatic. Pure efficiency.”
Huda Al-Shamsi
Finance Director
Emaar Properties
Works seamlessly with other Arkan features
Financial Management integrates with BOQ Management, Workflow Engine, Executive Dashboards and more for a complete construction management solution.
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