The contractor management platform recently closed a $7 million CAD funding round, with plans to expand throughout North America.
Sign up to get more news about Calgary’s innovation scene delivered directly to your inbox every Monday.PayShepherd is a contractor management software that centralizes, digitizes and verifies data on labour, equipment and materials to alert business owners of risks and opportunities across their operations.
As Sessenwein recalls, many of the headaches during his time working with or as a contractor stemmed from the potential for mismanagement of multiple figures, usually due to endless administrative tasks and paperwork. In other words, disorganization. Those types of situations were the catalyst for PayShepherd, a contractor management solution to streamline data.
“When business is good, the paperwork volume is high, and there’s a lot of opportunity to either make or break your business,” says Sessenwein.and said that this funding will support PayShepherd’s continued expansion throughout North America, plus add new capabilities to its platform such as more automation, working in large language models and incorporating artificial intelligence. New investor), as well as additional, undisclosed, strategic angel investors.
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