PYMNTS

APRIL 23, 2019

Business management technology provider Sage is rolling out a new solution designed to help construction firms track the health of company finances and compare performance against industry peers. “This offering is our latest commitment to helping construction firms improve their financial health.” In the U.S.,

Benchmarking

PYMNTS

SEPTEMBER 24, 2020

Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions. The digital methods suit remote purchasing environments and offer security features that can make it difficult for fraudsters to use stolen card details. Find the full story in the Report.

Accounts Payable

PYMNTS

NOVEMBER 15, 2017

The latest research in B2B payment practices within the construction sector isn’t good: Two-thirds of small- and medium-sized businesses (SMBs) surveyed by the U.K. Just days after the FMB published its findings, invoice payment firm Nvoicepay announced a partnership with Viewpoint , a software firm targeting the construction space.

Construction

PYMNTS

SEPTEMBER 17, 2019

A series of payment innovations are promising to put an end to some common B2B payment frictions, including online portals, same-day ACH and automated accounts receivables (AR). Keeping Construction Payments Fraud-Free. trillion construction market can have long-ranging effects. Deep Dive: Tapping AI To Tackle A $4.2T

Construction

PYMNTS

NOVEMBER 16, 2018

Financial solutions provider Comdata is teaming up with Computer Guidance Corporation to integrate virtual card payment functionality for the construction industry. Computer Guidance Corporation offers cloud ERP solutions for the construction sector. On Thursday (Nov.

Construction

PYMNTS

OCTOBER 5, 2020

“The shift I have seen there,” she told PYMNTS of healthcare firms, “that was most effective is providers [the vendors] had their way of going through the process either from an [accounts payable] or [accounts receivable] perspective.”. Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation.

B2B

PYMNTS

JANUARY 10, 2018

There are a lot of factors that make B2B payments in the construction industry a challenge. “Something unique about payment in construction is that it’s different than just getting money from point A to point B,” he continued. Construction used to be an industry in which agreements were made on handshakes.

Construction

PYMNTS

NOVEMBER 5, 2020

Construction companies need to ensure they can swiftly purchase materials and other supplies to complete their projects and maintain steady cashflows. Many corporate buyers are finding that using paper checks increases their accounts payable (AP) expenses unnecessarily as well, and vendors often want to get paid faster than checks allow.

Invoicing

PYMNTS

DECEMBER 22, 2020

Bringing automation into one’s accounts payable (AP) and accounts receivable (AR) processes can help firms bring payments up to speed and reduce the overall time it takes to process and finalize transactions.

B2B

PYMNTS

NOVEMBER 2, 2020

Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. In separate news, Palette Software introduced AP automation technology that is meant for companies in the engineering and construction spaces, per news in August. 2) announcement.

Accounts Payable

PYMNTS

JULY 30, 2020

In an effort to help companies reduce their accounts payable (AP) expenses, Zycus has rolled out artificial intelligence (AI)-powered bots for the last part of the procurement process, according to an announcement. Those who work in finance or accounting roles can use the RegalPay technology directly from their workstations.

Accounts Payable

PYMNTS

SEPTEMBER 23, 2019

only agriculture and hunting invest less in digitization than the construction industry, according to recent data. Even so, the global construction management software market is projected to expand at a compound annual growth rate (CAGR) of 9.2 In the U.S., percent from 2018 to 2022. Freeing Up Cash Flow.

Construction

PYMNTS

FEBRUARY 24, 2020

“While the tax-themed email attacks hit businesses in all sectors, we also saw financial firms and construction industries targeted disproportionately,” wrote Sherrod DeGrippo, who published the research on ProofPoint’s website last week. The construction industry targeting, in particular, is a reminder that no one sector is immune.”.

Construction

PYMNTS

JUNE 9, 2017

That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.

Accounting

PYMNTS

DECEMBER 11, 2019

Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected. A New Approach To Global Payments. ”

B2B

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . HSBC To Staff: Stay Off Bank’s Social Media Accounts . Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc.

Accounts Payable

PYMNTS

NOVEMBER 18, 2019

Unlike the BEC, the VEC scam involves a cybercriminal infiltrating a vendor’s email account to send a request for payment (whereas the BEC scam often involves fake, although similar, email addresses and messages). Hassold provided a public comment on the vendor email compromise scam. according to recent reports from The Guardian. .

Accounts Payable

PYMNTS

OCTOBER 16, 2020

Drill down a bit, and average DSO have been notably on the rise in verticals such as construction (up 10 days to an average 53 days) and healthcare (up seven days to 49 days). Remittance detail is essential in B2B, and that information has to be delivered as a unit into accounts receivable, or it creates exceptions on a regular basis.

B2B

CFO Share

SEPTEMBER 27, 2022

Unfortunately, accounting processes are more complex than fixing your truck, and while many businesses benefit from hiring in-house accounting and bookkeeping, others do not. Knowing which category your business fits in is critical to deciding whether or not to hire in-house for accounting and bookkeeping. .

Accounting

PYMNTS

OCTOBER 17, 2016

And any number of firms are looking to aid finance professionals in reducing paper inflows and outflows — a bottleneck where accounts payable is concerned. For Nexus, the main focus is on managing everything from tracking onsite purchases to compliance, and key verticals include real estate and construction, said Coolidge.

Accounts Payable

PYMNTS

JULY 17, 2019

National Football League franchise the Oakland Raiders has been named in a lawsuit amid allegations of non-payment for construction on the team’s new stadium in Las Vegas. According to the publication, the legal dispute has not compromised construction on the stadium, with the project expected to be complete next month.

Construction

PYMNTS

SEPTEMBER 18, 2019

construction market is on a roll, and recent data suggests it is unlikely to slow. Construction firms looking to succeed in this growing market and turn a profit must complete their projects on time, which means access to steady cash flows is crucial. The market is on track to record a compound annual growth rate (CAGR) of 4.9

Construction

PYMNTS

MAY 29, 2020

Late payments to contractors in the construction industry is a particularly prominent focus for advocates of timely contractor payments. Accelerating payments to contractors is an undertaking that requires a modernization push, according to Management Controls Senior Vice President of Insights & Analytics Mark Rivers.

Accounts Payable

PYMNTS

NOVEMBER 9, 2020

Reports in The Construction Index revealed that Travis Perkins notified its suppliers it would be extending payment terms, citing work-from-home requirements of its accounts payable staff related to COVID-19. As a result, more than half of the suppliers surveyed said they have trouble paying their own vendors on time.

B2B

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses.

Accounts Payable

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. When it comes to growth of virtual corporate card payments, we have seen and built a lot of momentum on the accounts payable side,” Hall said. “We In an announcement on Tuesday (Oct.

Reconciliations

PYMNTS

JANUARY 14, 2020

The report is based on a survey of more than 500 financial executives at firms from numerous sectors, including professional services, construction, retail and technology. In the Making Real-Time Payments A Reality: Rising Demand For Real-Time Payments report, a Mastercard collaboration, PYMNTS analyzes U.S. According to the research , 66.7

Accounts Payable

PYMNTS

MAY 16, 2018

The multi-year partnership will serve Premier Community’s HOA management customers by creating access to AvidXchange’s accounts payable (AP) automation and payment tool, which Praeger said can alleviate some of the worst delays and challenges in the vertical.

Accounts Payable

PYMNTS

FEBRUARY 7, 2019

The healthcare and construction industries are among the strong points of FLEETCOR’s corporate payment operations, particularly with 2018 being the first full year with Cambridge Global Payments under the FLEETCOR belt after closing the acquisition in 2017 — a business that showed a “rocking” performance in 2018, said Clarke.

Mergers and Acquisitions (M&A)

PYMNTS

MARCH 2, 2020

Corporate payments innovation has cast a wide net to tackle the many pain points businesses experience today, with accounts payable (AP) one of the most popular targets for disruptors. There are a lot of scenarios in which transferring to a bank account isn’t fast enough anymore, and most legacy accounting systems are really slow.”.

B2C

PYMNTS

DECEMBER 16, 2016

Here the elusive payments opportunity meets or, in fact, doesn’t meet, the elusive audience: accounts payable automation for middle-market firms. A million-dollar construction firm, he said, is not the same as a million-dollar doctor’s office. Maybe not a hard concept, but not so easy.

Marketing

Future CFO

AUGUST 19, 2021

Three quarters of C-suite executives believe that intelligent automation helped to augment their finance employees’ capabilities, according to results of a survey jointly done by the Institute of Singapore Chartered Accountants (ISCA) , AI Singapore and the National University of Singapore (NUS) Business School recently.

Accounts Payable

PYMNTS

JULY 17, 2019

The Forum plans to introduce similar guidance papers on accounts payables financing, forfaiting and other processes within supply chain finance moving forward. construction giant Carillion brought this issue to light. trillion gap in available trade finance, as estimated by the Asian Development Bank. The 2018 collapse of U.K.

Finance

PYMNTS

OCTOBER 29, 2019

And on the FinTech side of things, firms like Yardi , Nexus and Visa have also debuted solutions to address friction in B2B payments, accounts payable and accounts receivable in the real estate space, which is notorious for delayed and late supplier payments and complex supply chains. ” The Data Opportunity.

B2C

PYMNTS

DECEMBER 30, 2019

That’s particularly true as card products gain traction in areas beyond employee travel and entertainment, and into spend categories like fleet and accounts payable. Rewards certainly must be a part of the commercial card package when targeting middle-market firms, she noted, but the add-on benefits will be what really drives adoption.

Marketing

The Finance Weekly

OCTOBER 31, 2021

Why is Financial Planning for NPOs crucial The accounting and financial management strategy is typically influenced by the extent to which users engage with the NPO's services, and targets are set by trustees. Master the basics of accounting. Standard accounting and financial management might be complex for nonprofits.

Planning

PYMNTS

FEBRUARY 3, 2017

AP automation firm AvidXchange is tackling some of the construction industry’s biggest supplier payments challenges, but it isn’t doing it alone. 2) that it is teaming up with GCPay, an online platform for construction companies to automate their subcontract management needs. The company said Thursday (Feb.

Construction