Speeding Up Payment in the Construction Industry

Unfortunately, the construction industry tends to get the short end of the stick when it comes to getting paid on time. They have some of the longest wait times to receive payment among all B2B industries. Typically, this is because the construction business has longer project times than most other industries. A product is not simply being handed over, but rather a long project is taking place that involves many different companies that all need to get paid. Clients can often come up short. In order to combat this, many B2B companies are turning towards automated accounts receivable software to speed up client payments.
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5 Myths Affecting Your Cash Flow in Construction

Maintaining cash flow can be one of the most difficult areas of running a business. Especially in construction, where long wait time to get paid seem to be the norm. Collecting on invoices in the heart of maintaining cash flow in construction, so how can you get people to pay you on time? We’ll start by busting the 5 most common construction payment myths, so you don’t make any of these mistakes while trying to increase your cash flow in construction.
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