NEW ORLEANS--(BUSINESS WIRE)--zlien, the leading cloud-based Payment Chain Management solution for construction, today announced a major rebrand to Levelset. Levelset expands the company’s original software solution called zlien into a proactive solution to manage construction payments. Levelset was born out of a 10-year legacy of solving payment problems under the zlien brand.
According to the U.S. Census Bureau’s Business Dynamics Statistics, two out of three construction businesses fail within 5 years, more than any other industry. “The only reason businesses fail is because they run out of cash. Concerns over running out of cash and managing payments cause undue stress for construction businesses. We envision a world where no one in construction loses a night’s sleep over payment,” says Scott Wolfe Jr., CEO of Levelset.
Exchanging money in the construction industry is plagued by a disease of fear and stress, which leads to payment abuses, unfairness, and good people suffering greatly from bad situations. Construction payment is broken because of confusing paperwork, complicated processes, posturing and leverage, and that these stress-inducing problems are self-inflicted and fruitless.
“As our team expanded, we were looking for help to get our payment under control. Levelset’s free resources, legal center, webinars, and people help me manage payment on projects throughout the country. With Levelset, we don’t stress about timely payment anymore,” says Kim Kolba, Project Coordinator, Catena development.
“Construction stakeholders must reject the notion that the only way to protect their business is to put another at risk and make a choice to manage their payment chains by encouraging visibility, communication, and collaboration. Everyone on a construction project should get what they earn,” says Scott Wolfe.
About Levelset:
Levelset helps contractors and suppliers get payment under control, and sees a world where no one loses a night’s sleep over payment.
Over 500,000 contractors and suppliers connect on Levelset’s cloud-based platform to make payment processes stress-free. Users easily exchange payment documents like lien waivers, pay applications, and preliminary notices, they see a complete picture of who is on their job, and are empowered with the resources and knowledge they need to be confident in payment. The results are faster payments and fewer surprises.
Levelset is venture-backed by S3 Ventures, Altos Ventures, and Brick & Mortar Ventures. Headquartered in New Orleans with offices in Austin and Cairo, Egypt, Levelset employs more than 150 people. For more information about Levelset, visit www.levelset.com or call 866-720-5436.
