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 46

Benchmarking Construction Finance Accounts Payable 46

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 52

Construction Accounts Payable B2B Invoicing 52

The Charity CFO

JANUARY 21, 2022

And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face. This accounting system is called fund accounting. This accounting system is called fund accounting. Who’s Required to Use Fund Accounting? .

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Nonprofit Accounting GAAP Accounting Principles 98

Proformative

OCTOBER 18, 2022

We are a construction company and would like to have a few questions answered re.

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General Ledger Construction Accounting 40

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 49

Construction Accounts Payable Reconciliations B2B 49

Navigator SAP

JUNE 16, 2023

Many industries have been using it for years, including accounting and law firms, marketing agencies, construction companies, and event management businesses, among others. Of course, project-based business organizations are not new.

Construction 222

Construction Accounting Technology Marketing 222

PYMNTS

SEPTEMBER 25, 2019

trillion construction industry has not yet had its moment of digital reckoning. Recent data indicates that construction firms typically rank in the bottom percentage of U.S. Construction firms looking to remain profitable must ensure proper cash flows and complete projects on time, but old school practices can get in the way.

Construction 43

Construction Budgeting Cost Management Technology 43

PYMNTS

APRIL 23, 2019

construction giant Carillion, the case continues to make headlines. The case pointed a spotlight on the construction industry’s struggles with timely vendor payments, and the financial consequences that delayed and late payments can have not only on a supplier base, but also on the corporate customer. Most recently, the U.K.’s

Construction 49

Construction B2B Invoicing Accounting 49

PYMNTS

APRIL 29, 2019

In Wales, late payments are getting greater scrutiny in the wake of the collapse of construction firm Dawnus earlier this year. As reported , the company, which worked on construction projects across the U.K. million USD) are required to use Project Bank Accounts (PBAs). Naming And Shaming In New Zealand.

Construction 43

Construction Accounting Banking Numbers 43

PYMNTS

SEPTEMBER 29, 2020

The pain points that accounts receivable (AR) teams most commonly experience can be boiled down to three underlying and related problems: continued reliance on manual AR management practices, and the resulting lack of speed and high operating costs associated with managing receivables. Reliance on manual processes has far-reaching effects.

Accounting 121

Accounting B2B Prioritization Invoicing 121

PYMNTS

SEPTEMBER 21, 2016

To that end, Estep said, real-time payments and Same Day ACH are distinct, but complementary, in this construct. For example, Same Day ACH will move money between all bank accounts in the U.S. Take merchant acquirers who wish to expedite the posting of funds on the same day to a merchant’s bank account.

Construction 76

Construction Invoicing Banking Accounting 76

PYMNTS

NOVEMBER 14, 2017

construction. Separate research from the Federation of Master Builders (FMB) show two-thirds of small- and medium-sized enterprises in the construction industry are not paid within the standard 30 days. This isn’t the first time the late payment struggles of the construction industry have been highlighted. An Ongoing Challenge.

Construction 40

Construction B2B Invoicing Leadership 40

PYMNTS

JUNE 13, 2018

One could be forgiven for thinking that in construction, timely payments are crumbling, while in music, transactions are slowing in tempo. In the latest Construction Payment Report 2018 , released this past week by loan software company Contract Simply , data shows that late payments are taking a toll.

Construction 40

Construction Invoicing Leverage Securities 40

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 40

Accounting Accounts Payable Invoicing Manufacturing 40

CFO Talks

MARCH 14, 2023

Written by Leigh Schaller “Growing up in my dad’s business, accounting was natural for me. In high school, I always received the accounting awards. It was a natural progression into the accounting industry,” Ehsaan Moosa, told the CFOClub podcast. He recently shared with CFOClub the knock on effects of load shedding.

IFRS 98

IFRS Marketing Construction Auditing 98

CFO Selections

APRIL 19, 2024

In the world of accounting and finance, we like things to be precise and tie out neatly. Sometimes the route has construction or other traffic impediments along the way. The first thing you need to know when creating a budget is that it is wrong from the start. Think of a budget somewhat the same way.

Budgeting 52

Budgeting Construction Finance Accounting 52

PYMNTS

OCTOBER 14, 2019

China Construction Bank ’s vice president has revealed that the bank has added new abilities to its trade finance blockchain platform, including cross-chain and inter-bank transactions. Since its launch last year, the platform has processed over $53.5 billion transactions between exporters, banks and non-bank financial institutions.

Construction 43

Construction Banking Treasury Finance 43

CFO Thought Leader

FEBRUARY 4, 2024

Kemp: Built Technologies is one of the fastest-growing construction and real estate technology companies. What we do is really to service construction lenders and their ability to manage individual loans and portfolios of loans that have to do with financing assets that don’t yet exist—which is a very complex thing.

CFO 52

CFO Technology Construction Leverage 52

PYMNTS

DECEMBER 15, 2020

The good news, however, is that two-thirds of firms are cognizant of these issues and are actively moving away from manual processes, planning instead to embrace new technological solutions to upgrade their accounts receivable (AR) processes for more efficiency, speed and lower fees. percent of firms in the construction sector, yet 28.2

Construction 111

Construction Healthcare Invoicing Advertising 111

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 64

Invoicing B2B Construction Accounts Payable 64

CFO News

SEPTEMBER 5, 2023

Sectors such as hospitality, construction, engineering, architecture, real estate, teaching/training, and infrastructure have seen an increase in hiring. On the other hand, industries like IT software/services, accounting/finance, consumer durables, telecom, FMCG, healthcare, and financial services have seen a decline in hiring.

Construction 52

Construction Healthcare Finance Accounting 52

PYMNTS

FEBRUARY 14, 2019

Cloud-based accounts payable solution provider Esker is teaming up with document services unit Fuji Xerox to deploy accounts payable solutions across the Asia Pacific region, the companies announced on Wednesday (Feb. Moving forward the firms will expand the offering to Australia, Hong Kong and Singapore.

Accounts Payable 43

Accounts Payable Accounting Invoicing Construction 43

CFO Share

MAY 6, 2024

With new businesses come new beginnings, and nothing excites accountants like setting up a fresh set of books. Like an artist in front of a blank canvas, brand new books hold limitless possibilities, the chance to shed old byzantine corporate accounting and to step into the future of clean and clear financials.

Practice Management 52

Practice Management Manufacturing Accounting Construction 52

PYMNTS

MAY 21, 2018

have been chosen to lead the inquiry into the nation’s accounting watchdog and assess whether the body is effective at identifying and preventing accounting issues. Reports said no current executives from the so-called Big Four accountancy firms — PwC , Deloitte , EY and KPMG — are in the group.

Accounting 40

Accounting Auditing Treasury Accounting Standards 40

CFO Talks

MARCH 2, 2023

CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. Ehsaan is a Chartered Accountant. Go to www.cfoclub.co.za

Auditing 98

Auditing CFO IFRS Construction 98

CFO Talks

AUGUST 10, 2023

Written by: Leigh Schaller Clive Chitungo, national operations reporting manager of Komatsu South Africa, shared with the CFOClub Podcast his journey marked by resilience and self-accountability. The company supplies equipment to the mining and construction sector and employs over 1400 people. I’m always chasing myself.

Construction 98

Construction Leadership CFO Accounting 98

CFO News

MAY 31, 2023

per cent on account of better performance by agriculture, manufacturing, mining and construction sectors. Enthused by higher than expected GDP number in the fourth quarter of FY23, Chief Economic Adviser V Anantha Nageswaran on Wednesday said India can look for another year of solid economic performance. India's economy grew by 6.1

Economics 52

Economics Construction Manufacturing Numbers 52

CFO Thought Leader

APRIL 30, 2024

Read More An important early chapter of Levine’s professional development was his tenure under Steve Vintz, who at the time was CFO of Vocus, where Levine served as a VP managing both accounting and finance. It was under Vintz’s mentorship that Levine came to appreciate the power of storytelling within financial leadership.

CFO 52

CFO Financial Planning and Analysis (FP&A) Leadership Auditing 52

Embark With Us

JANUARY 5, 2022

It's not earth-shattering news to say accounting and finance haven't exactly been vanguards of innovation in the past. In fact, thanks to the flexibility and nuanced insights provided by a well-constructed dashboard, leaders can now analyze genuine business intelligence rather than 90-day-old metrics.

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Construction Leadership Finance Accounting 96

PYMNTS

OCTOBER 25, 2017

Countingup , a FinTech that aims to combine and streamline corporate banking and accounting for small- and medium-sized businesses (SMBs), secured fresh funding this week, according to news from TechCrunch. We’re doing that by combining accounting and banking into one simple smartphone app.”. later this year. later this year.

Accounting 44

Accounting Banking Invoicing Construction 44

Nerd's Eye View

JANUARY 24, 2024

And while transferring responsibility may be relatively easy for accounts that are jointly titled or held within a trust, other accounts, such as qualified savings vehicles or annuities, require a Power Of Attorney (POA) when delegating decision-making authority to a third party.

Construction 79

Construction Planning Accounting Numbers 79

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.

Construction 107

Construction Accounts Payable B2B Pharmaceutical 107

PYMNTS

JANUARY 20, 2021

In announcing its fiscal second-quarter results, the Cincinnati-based consumer goods giant also credited its “constructive disruption” strategy for a 15 percent jump in earnings, which also allowed it to increase its full-year forecast. Constructive Disruption.

eCommerce 117

eCommerce Sales Construction Forecasting 117

Nerd's Eye View

JANUARY 24, 2024

And while transferring responsibility may be relatively easy for accounts that are jointly titled or held within a trust, other accounts, such as qualified savings vehicles or annuities, require a Power Of Attorney (POA) when delegating decision-making authority to a third party.

Construction 76

Construction Planning Accounting Numbers 76

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 67

Construction Accounts Payable Treasury B2B 67

PYMNTS

JANUARY 5, 2020

s Crown Commercial Service (CCS) announced that Britain’s biggest construction company Balfour Beatty would be hired, even though it was among major construction firms that were recently punished for failing to pay suppliers on time, according to The Construction Index. SMBs account for 86 percent of the workforce in the U.K.

Construction 52

Construction Invoicing Numbers Accounting 52

VCFO

JANUARY 18, 2024

Businesses that regularly contend with deferred revenue include subscription- or license-based businesses (like SaaS organizations or content streaming services), construction, professional services, or property management firms issuing rental agreements. As the points suggest, deferred revenue isn’t just an accounting issue.

Auditing 81

Auditing Leadership Construction Invoicing 81