Alongside Acquisition, LCPtracker Announces Strategic Alliance with GCAP Services
LCPtracker, Inc., a leading provider of prevailing wage and construction workforce reporting solutions, announced today the acquisition of VantagePoint Compliance, a supplier diversity and contract compliance software application developed by industry experts, GCAP Services, Inc (GCAP). Alongside this acquisition, LCPtracker has also forged a strategic alliance with GCAP to facilitate access to expert consultants, further easing the administrative burden of compliance.
“I am excited for the growth of our compliance product line and our partnership with an organization that has such extensive knowledge in diversity compliance management,” said Mark Douglas, CEO of LCPtracker. “Our clients have come to trust LCPtracker for our market-leading labor compliance, workforce development, and construction site compliance solutions. Now, with the addition of VantagePoint to our ecosystem, we can provide clients a comprehensive 360-degree view of compliance, along with the flexibility to build and configure their solutions to meet specific program needs. Additionally, with our strategic alliance with GCAP, clients now have the option to combine software solutions and consultation services to efficiently navigate their unique compliance challenges.”
With more than 25 years of experience in Disadvantaged Business Enterprise (DBE) and Small Business (SB) program solutions, GCAP stands as a leader in business diversity services. “We are excited to collaborate with LCPtracker in bringing turnkey solutions to the market,” said Ed Salcedo, President of GCAP. “Together, we can help resolve compliance challenges, ultimately fostering stronger, more vibrant communities.”
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LCPtracker Chief Revenue Officer Amanda Hesse added, “The alignment with GCAP is a natural fit for us. LCPtracker has meticulously built a team with unmatched labor compliance experience so that we understand real-world challenges and deliver exceptional solutions and services. It was important for us to apply the same ethos and deliver excellence in diversity compliance as well. In much the same way as LCPtracker, GCAP infused their decades of practical experience and industry expertise into the VantagePoint product. The result is a next-generation software application with the right amount of features and no unnecessary complexities.”
An easy-to-use and intuitive tool, VantagePoint leverages modern technology to track and monitor supplier diversity and contract compliance requirements. Features include:
Prompt payment tracking: Enables proper calculation of payment turnaround between vendors while ensuring payments sent are properly linked to payments received, reducing manual tracking and calculations
Prime and sub vendor award tracking: Monitors and tracks certification types and dollars paid to prime and sub vendors, enabling transparency and alignment with contract compliance goals
Multiple goal tracking: Automates the process of tracking multiple goals in one system, enhancing the quality of data and streamlining the reporting process
Dynamic reporting: Generates various reports, including a completed Uniform Report in Microsoft Excel format with back-up detail, saving hours of manual data gathering
Real-time data: Allows for real-time diversity utilization insights through key metric dashboards, enabling agencies to take mid-course corrective actions to meet compliance objectives
Vendor self-service reporting: Allows prime and sub vendors to report and enter payment data directly in the system, enhancing efficiency and reducing the administrative burden on agency administrators
Validation checks: Reviews and ensures completion of all required fields by vendors, increasing the level of data accuracy for goal tracking and reporting purposes
Automated notifications: Notifies users of important tasks and alerts, like vendor payment verifications and compliance issues, reducing the risk of missed deadlines and failing to meet compliance goals
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