While a major contributor to the U.S. economy, the construction industry has seen significant shake-ups over the past two years. Here is how AR automation can solve for these challenges. The construction and subcontractor industry are highly fragmented, making it
The construction industry has been slow to automate its building processes and back office procedures. Practical limitations on automating building processes have kept most projects on a manual basis. Back office procedures are still
In the construction industry, contracts may be written on a completed contract basis or percentage-of- completion basis. In the case of a completed contract, you issue only one invoice when the job is finished. Percentage-of-completion
Cash flow is difficult to manage in the construction industry because of the irregular flow of projects and the document intensive nature of the payment process. If you want to avoid a cash crunch and
If you are a contractor, mechanic’s liens can help you collect your accounts receivable and improve your cash flow. Mechanic’s lien laws, which may vary by state, were enacted to provide protection to you,
[vc_row][vc_column][vc_column_text]The construction industry has historically used manual processes in its business of building houses, office towers, bridges, factories and other structures. The process of constructing a building does not lend itself easily to automation. Only
If you are involved with collections or A/R and you’re not taking advantage of Mechanics Liens, you’re missing out on a huge opportunity. Liens are the most effective tool for combatting non-payment and collecting
PRODUCTS
RESOURCES