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…
Supply chains remain complex. From fluctuating global demand to persistent inflation worries and stringent sustainability mandates, it’s expected to be a tough road to navigate. These challenges can disrupt operations, strain supplier relationships and impact profitability if not proactively managed.
Operational excellence is no longer just about efficiency; it’s about resilience and the ability to adapt swiftly to change. Success hinges on optimizing processes, leveraging advanced technologies…