The construction industry is facing tremendous pressure from all sides. Material and labor costs remain high. Staffing is in short supply. Interest rates make financing projects more expensive, and complex contract terms slow already lengthy payment cycles.
For CFOs, the stakes are high. Managing accounts receivable (AR) can be an uphill battle. When things don’t go well, late payments ripple through the business, delaying payments to subcontractors, pushing back timelines and damaging critical…4 practical solutions to optimize the accounts receivable process for your construction business
The construction industry is facing tremendous pressure from all sides. Material and labor costs remain high. Staffing is in short supply. Interest rates make financing projects more expensive, and complex contract terms slow already lengthy payment cycles.
For CFOs, the stakes are high. Managing accounts receivable (AR) can be an uphill battle. When things don’t go well, late payments ripple through the business, delaying payments to subcontractors, pushing back timelines and damaging critical…