Corey Construction
Hyphen Wallet Optimizes the Way Corey Construction Gets Paid and Their Accounts Receivable
“As a longtime user of SupplyPro and now Hyphen Wallet, we greatly appreciate how Hyphen Solutions continually innovates by launching robust tools that streamline processes for any size Supplier as they grow and build their brand.”
– Credit and Collections Analyst at Corey Construction
Corey Construction Recognized the Need to Streamline Accounts Receivable (AR) Processes
Since its founding in 1999, Corey Construction has grown from a small trusted Houston-based roofing Contractor to a renowned national company with offices in Houston, Dallas/Fort Worth, Austin, San Antonio, Atlanta and Denver. With combined experience of over 50 years in the roofing industry, they believe in installing roofs with exquisite attention to detail and quality on every project—like they own all the homes and buildings. The company has earned a glowing reputation in the industry and among homeowners for delivering quality and speed. In addition to providing new construction roofs and repairs in residential construction, they specialize in high-quality roofing solutions for multifamily apartments, assisted living facilities, schools, daycares, shopping centers, hotels and more.
Hyphen Wallet Added Value to ROI Provided by SupplyPro
Corey Construction was already a highly satisfied SupplyPro client, which they use to manage purchase orders and streamline planning, scheduling and accounting to improve efficiencies. SupplyPro provides their company with an easy-to-use portal to communicate with Builders and its capabilities have matched the company’s needs as they expanded. As such, they were fully on board when Hyphen Solutions launched Hyphen Wallet in January 2020 and knew this payment solution would complement the benefits already delivered by SupplyPro.
Hyphen Wallet is an advanced invoice and payment solution for Builders to pay Suppliers, Trades and Vendors when and how they want to get paid. Hyphen Wallet features an easy-to-use portal that integrates seamlessly with SupplyPro, including the ability to track, reconcile and report payments.
Kate H. has worked at Corey Construction since November 2015. In her role as Credits and Collections Analyst, she has seen firsthand how inefficient payment processes can negatively impact cash flow and lead to AR inefficiencies. Prior to using Hyphen Wallet, the company relied on whatever payment solution their Builders used, including paper checks. Kate noticed that many of their Builder clients have switched to Hyphen Wallet, presumably because it also provides them with considerable benefits versus other less efficient solutions, including legacy payments.
Real-Time, Online Payments Provide Security
With paper payments, the company sometimes waited two weeks to receive payments or had to send employees on runs to pick up checks. In addition to being inefficient and costly, they worried about checks getting lost in transit, misplaced or even worse—stolen by criminals. Funds from an RTP payment are immediately received in their bank account within seconds of transfer. Instead of waiting potentially several weeks for a check to arrive, they receive payments the same-day or within 24 hours of their Builders initiating payment. This also eliminated the need for Builders to reissue lost or delayed checks. Hyphen Wallet provides a cost-effective digital alternative for getting paid faster and far more securely. The company has absolute confidence the password-protected portal is secure and nobody will hack it, which eliminates worrying about fraudulent activity.
Hyphen Wallet is a Free Service Provided by Builders to Suppliers
Hyphen Wallet is a free service provided by Builders to Suppliers, with the only cost incurred when Suppliers request expedited payments via Real-Time Payment, Wire Transfer, Same-Day ACH or Virtual Card. Instead of Builders paying Corey Construction every few weeks, now they receive payments on a weekly basis, at a minimum.
Improved Efficiency is the Greatest ROI Provided by Hyphen Wallet
Hyphen Wallet provides Corey Construction with real-time payment visibility into payment status for all Builder payments. Everything is backed up automatically in the system, thereby streamlining their AR process, including time spent on reconciliation. Kate appreciates being able to view payments within SupplyPro, but also thinks it’s a huge bonus to be able to download this data into Excel or a PDF for further analysis using the Hyphen Wallet Portal.
“As a longtime user of SupplyPro and now Hyphen Wallet, we greatly appreciate how Hyphen Solutions continually innovates by launching robust tools that streamline processes for any size Supplier as they grow and build their brand.”
Hyphen Wallet Provides an Integrated Platform That Benefits Suppliers and Builders
With Hyphen Wallet, small and big Home Builders alike can eliminate many of the issues associated with legacy bank transfers. Hyphen Wallet eliminates the frustrating and time-intensive task of processing checks manually. With automated payments, you’ll reduce the costs of issuing and processing paper checks. You also won’t have to worry about checks getting lost in the mail or coordinating a time and place for Suppliers and Trades to pick up their checks. The realtime payment system with data and messaging capabilities provides enhanced security, the ability to identify fraudulent charges faster and tracking past and present expenses. Whether you’re a small and innovative start-up Builder like Olivia Clarke Homes or a larger Builder, Hyphen Wallet is designed to grow with your business.
Get in touch with a Hyphen expert to learn more about how Hyphen Wallet benefits Builders, Suppliers, Contractors and Trades or schedule a demo.
About Corey Construction
Corey Construction offers turnkey roofing solutions for residential, commercial and multifamily properties. Founded in 1999, Corey Construction is headquartered in Houston, TX with offices in Austin, Dallas/Fort Worth, San Antonio, Denver, Atlanta, Nashville and Denver. They specialize in all types of new roof construction, as well as roof repairs, replacements, service/maintenance and storm restoration.
- Founded in 1999 by Bryan Huddleston, a Houston native with over two decades of experience in the residential and commercial roofing industries
- Has proudly partnered with more than 450 Home Builders, to date
- Installs over 15,000 roofs every year
- Voted number 6 in Roofing Contractor’s 2022 Top 100
