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Vendor Lien Releases work the same as Owner Lien Releases

The vendor lien release section currently only pulls dollar amounts for paid invoices.  When invoices are paid the supplier/subcontractor provides us an unconditional release.

 

There is a section to select the Conditional Release Type although it does not pull the sum of the open invoices.  I manually create conditional releases for my suppliers to submit with draw requests to owners.  It would be helpful to generate these releases in Spectrum with the information already in the system.

 

The owner lien release function works as it pulls the amounts by invoice date.  Also it allows to put in the exceptions on conditional releases.  And for the unconditional releases it allows to enter the actual payment amount.  We just need this same functionality on the AP side as well.

  • Charissa Kier
  • Oct 7 2019
Company Atascadero Glass, Inc.
Job Title / Role Controller
I need it... Yesterday...Come on already
  • Attach files
  • Sonia Antunes commented
    October 17, 2023 20:43

    Spectrum currently allows vendor lien releases to be generated only after the registry is updated. The current function works if you're printing checks because you can physically hold on to the check until you receive the completed release back.

    With the mail fraud on the rise, we want to switch to Spectrum's electronic payments, but we would need Spectrum to generate the vendor lien release prior to updating the registry (which would release the NACHA file) so the vendor doesn't get paid BEFORE we can send them the release.

    I've reached out to support and the solutions offered so far is to go back to printing checks, or to use external software (Excel/PDF) to generate/populate the releases. Spectrum is geared toward to construction industry, and lien releases are a common and integral part of the industry, so there should be a way to do this without it being external.

    As was mentioned, modifying the criteria for generating the vendor lien release's based on something other than check date is a neat idea, similar to the Owner's release on the AR side. Thanks for your consideration.

  • Guest commented
    May 07, 2020 23:02

    Yes.....this is very much needed without pay for a custom.

  • Maria Cortez commented
    January 15, 2020 22:20

    Agreed. Seems like a simple fix & would be so helpful!

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