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…

Women in leadership roles have seen recent gains, but there are more ways businesses can help increase opportunities for inclusion. The challenge isn’t the proverbial glass ceiling. Research from the consulting firm McKinsey shows it is a broken rung on the career ladder, where women make the first step into management at a disproportionately lower rate than their male peers. The 2023 Women in the Workplace report states that for every 100 men who take that step on the ladder, just 87 women…

During 2023, healthcare systems, hospitals and practices made progress rebounding from the pandemic’s many disruptions. While momentum remains positive, significant headwinds persist. Overall observations Provider finances are healthier, but there is considerable variability among organizations and the gulf between stronger and weaker performers may be widening. Many trends and forces intersect and often conflict, rendering decision-making more complex, with high stakes. Affordability, patient…

During 2023, healthcare systems, hospitals and practices made progress rebounding from the pandemic’s many disruptions. While momentum remains positive, significant headwinds persist. Overall observations Provider finances are healthier, but there is considerable variability among organizations and the gulf between stronger and weaker performers may be widening. Many trends and forces intersect and often conflict, rendering decision-making more complex, with high stakes. Affordability, patient…

As consumers continue to swap their cash and paper checks for digital payments, businesses are taking note. Convenience, speed and security are driving the use of digital payments across all categories: online, inside a mobile app, through a peer-to-peer payment platform, and in-store via a digital wallet. They have become so ubiquitous that more than 90% of consumers said they used some form of digital payment over the course of a year, according to McKinsey’s 2023 Digital Payments Consumer Survey.…