Dapt Secures $1.6M for Real-Time Labor Costing Platform

Dapt has successfully secured $1,600,000 in funding from investors, providing the company with capital to further develop its real-time job costing and payroll solutions. The company addresses a significant challenge for businesses: the lack of adequate software to monitor and respond to labor costs in real time, which are a critical variable for profitability. Dapt’s platform is designed to simplify these complexities, empowering companies to maintain accurate job costing without requiring them to switch from their trusted accounting, payroll, and timekeeping solutions. This funding round is significant as it enables Dapt to accelerate its growth initiatives and enhance its platform’s capabilities. The capital will be used to expand the company’s operational reach and ensure continued development of its advanced labor tracking features, which include handling variable rates such as prevailing wages, shift differentials, and multi-state jurisdictions. By connecting seamlessly with existing systems, Dapt helps businesses eliminate manual data entry, reduce payroll errors, and gain real-time financial insights, ultimately contributing to maximum profitability and compliance. Dapt's core offering focuses on providing real-time monitoring and response to changing data, offering better visibility into operations. The platform also delivers custom reporting capabilities, automating critical documents like Certified Payroll, PTO balance reports, and workers’ compensation reports. This approach ensures businesses can achieve accurate job costing and maintain compliance without disrupting their established workflows. With this new investment, Dapt is positioned to strengthen its presence in the market. The company plans to continue its mission of equipping businesses with the tools necessary for enhanced financial clarity, operational efficiency, and sustained profitability, supporting their growth in an evolving economic landscape.