HAVING IPEX IS LIKE HAVING AN
INVISIBLE FENCE AROUND YOUR
PROJECT

There’s no additional work for builders, simple to use and
complimentary to standard practices.

INDUSTRY PAYMENT EXCHANGE

With over 70 years of construction experience in the founding team, we were not surprised to find out that the construction industry has the highest rate of insolvencies out of any industry.

Added to that fact, while other industries have embraced technology, the construction industry has lacked technological progression. We understand through our own pain how much the payment process needed to change in a way that would help the whole supply chain.

Anyone that works in the building industry can tell you the painstaking experiences they have when trying to get paid, this has been an ongoing issue since Jesus was a carpenter and we believed there simply had to be a better way.

So we set out to develop an industry payment exchange platform that would protect each individual project, creating an invisible ring around it and transform the way payments are made in the building industry.

Having an experienced founding team to help solve this problem has been a key to IPEX’s success, we all bring a unique set of skills that has propelled us forward and enabled an idea to become reality.

The driving force behind IPEX is to create real change in the construction industry by creating a streamlined and transparent payment process that will protect the whole supply chain.

PROJECT PAYMENT FLOW

‘’No additional work for builders, simple to use and complimentary
to standard practices’’

TRUST

Trust is a vital component of all effective business relationships, but a lack of transparency and communication makes it hard to come by in the construction industry today.
We created IPEX to change that.
A FORCE FOR CHANGE
We firmly believe that all construction stakeholders benefit from high trust relationships. But equipping our industry for change is about more than just good intentions. IPEX is a purpose-built solution that’s been carefully designed to make trust a foundational element of all construction projects.
PROJECT PAYMENTS YOU CAN TRUST
As a single source of truth for construction project funds, IPEX connects all project stakeholders with complete transparency, ensuring project funds are distributed to the project supply chain and eliminating the scope for payment disputes and misuse of funds.

TRACEABILITY

IPEX software has been developed with the latest Quantum Ledger technology, enabling all of its data to be stored in a secure environment which is verifiable and immutable.
IMMUTABLE
QLDB technology tracks each application data change in an immutable log. This means every single transaction made during your project is fully auditable, ensuring funds are used only for their intended purpose.
VERIFIABLE
QLDB uses advanced cryptographic techniques to ensure records cannot be tampered with. Knowing how and when project funds are being spent – and by whom – encourages interparty trust among all construction project stakeholders.

ACCOUNTABILITY

Through IPEX’s onboarding process and 100point ID Check, users will have peace of mind knowing that the project funds are secure and will be used for their intended purpose ‘’paying the project supply chain’’
INDUSTRY CHALLENGES
Late payments, disputed payments and the relating cashflow issues have been an enduring problem in the construction industry for decades, a recent study showed invoices in the construction industry were paid on average 24 days after invoice was due. For Australian Small and Medium Businesses (SMBs), consistent late payment puts financial pressure and hampers their ability to invest, grow and employ. It also constrains economic potential. Small business’ generate a third of private sector Gross Domestic Product, when small business struggles, the effect ripples through the economy
THE IPEX DIFFERENCE
The IPEX payment interface uses dedicated project accounts held subject to trust arrangements. This, combined with our (Quantum Ledger database) QLDB, we ensure every IPEX user and project is unique allowing the project funds to be secure and distributed quickly and easily. IPEX improves the cashflow of the project supply chain by notifying the head contractor that project funds are available in the project bank account and ready to distribute to the project supply chain. This allows the project funds to flow efficiently from the principal through to the subcontractors as soon as they are available in the project bank account. This will drastically improve late payments and the cashflow of SMB’s