Integrated Payment Mechanism

PPP Integrated Payment Mechanism Software

Underpinned by comprehensive due diligence and fully aligned with the PPP contractual terms, our integrated payment mechanism (or paymech) software ensures that services are delivered on time and within budget, meeting the client’s needs and minimising deductions for the service provider. With full audit compliance, QFM P3rform strengthens the client–service provider relationship, delivering complete transparency and ensuring value for money over the lifetime of the PPP contract.

Complete auditability

Only QFM P3rform has a fully integrated paymech, providing complete data integrity with historic data tracked and audited at every stage of a calculation.

Reliable accuracy

No matter how complicated the pain share or gain share, fast and accurate calculations can be produced in line with contract terms.

Strengthened relationships

Improve trust and transparency across all parties, with instant access to performance information to help alleviate risks.

P3rform Software Integrated Paymech Automated Reporting

Rapid calculation of monthly penalties

QFM P3rform translates each SLA and KPI into the integrated paymech, alongside their deadlines, priorities and associated penalties including painshare / gainshare, rebates and ratchets. While calculating service and availability by spreadsheet can take days, QFM P3rform produces accurate reports – processing thousands of work orders – in minutes.

Unlike other paymechs on the market, ours is fully integrated. Data never leaves QFM P3rform during a calculation so a full audit trail is available.

P3rform Integrated Paymech Reduce Performance Risk

Reduces performance-based risk by identifying under-performance and impending failures

Manage service levels of one or multiple large, complex contracts with ease, using colour-coded work order deadline management and critical real-time KPI monitoring through a single screen.

Impending failures can be identified and addressed before incurring penalty, and priorities reassessed so resources can be reallocated to mitigate risk.

P3 Integrated Paymech Automated Reporting

Automated reporting linked to unique contractual parameters

Spend less time reporting and more time focusing on contract delivery with automated paymech reporting. Contractual reports can be configured as required then scheduled for delivery to key stakeholders, ensuring full audit compliance.

Performance reports can also be run for the FM team and service provider to monitor activity against SLAs.

P3rform P3 Software Integrated Paymech Transparency Trust

Transparency and trust

Transparency and trust amongst key stakeholders are promoted through instant access to performance information. In addition to receiving reports, key stakeholders can log in to a portal with read-only access to see the details such as spend, planned and outstanding work progress, and missed deadlines. Historical reports can be re-rerun for audit purposes, saving time for both parties.

P3rform Integrated Paymech Value For Money

Demonstrates value for money

Our integrated payment mechanism can help service providers protect their income and forecast cashflow, by capturing the complexity of unseen calculations rules such as thresholds, caps, ratchets, overlaps, roll up deductions, volume adjustments and gainshare / painshare elements.

Public sector partners can have peace of mind that the FM service provider is meeting its obligations and working effectively.

Book a free demo today​

Find out how we can help you improve service quality and delivery, optimise equipment performance and reduce expenditure, and gain insight into data using easy to understand dashboards and reports.

“QFM is a sophisticated application and we use it to manage the entire Calvary Mater Hospital PPP contract. It is crucial that the performance is tightly monitored and managed. QFM is a completely integrated application, so if there was to be a performance failure, then the system will automatically flag it and calculate the abatement, because the application integrates measurement into daily maintenance operations.”

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