Mold Tracking Software Aids in On-Time Tooling Payment for Moldmakers

CaptureMore LLC, the creators of the CaptureAssets tool tracking app, has released a new feature on its platform to help mold builders get paid on time for tooling.

With this new feature, suppliers can now track payment term schedules for their tools and easily notify their customers when tooling payment requirements have been achieved and are “clear to pay.” The feature comes equipped with an easy-to-use dashboard, status indicators, assigned approvals and automated notifications to make communicating payment milestones simple. It also links to the CaptureAssets Digital Tool Book, making the submission of tooling information such as tool designs, BOMs, pictures, videos, etc. a seamless process.

“Tooling payments often get delayed because companies are not on top of the payment milestone schedule, and don’t have their information organized,” notes Sean Brolley, vice president of sales and marketing at CaptureMore. “We help suppliers track changes to the payment schedules and package up the required information, creating a transparent approval process to get paid on time.”