Accountancy Today

JULY 25, 2022

Data from The Gazette Official Public Record revealed construction, manufacturing and retail were the sectors that accounted for almost 40% of administrations in 2022.

Construction 82

Construction Manufacturing Accounting Retail 82

PYMNTS

JUNE 24, 2020

To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. Additionally, the infrastructure automates the procedure for processing the hard copy and emailed invoices that construction firms receive for their work.

Construction 75

Construction Accounts Payable Invoicing SAP 75

Fox Corporate Finance

JANUARY 17, 2022

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF European Infrastructure & Construction Market Study – 2021”. Based on available data from European infrastructure and construction companies, the FCF Infrastructure & Construction.

Construction 52

Construction Marketing Corporate Finance Finance 52

CFO News

DECEMBER 16, 2022

Speaking virtually at the 95th FICCI Annual Convention and AGM, he said, "We are trying to minimise use to cement and steel in construction work by adopting substitutes such as oil slag, waste plastic and rubber, and demolition waste among others."

Construction 52

Construction 52

PYMNTS

NOVEMBER 9, 2020

Many of these processes are decades-old and must follow complex regulatory guidelines, as is the case in the construction industry. Construction companies are facing both time and cash crunches due to dwindling work opportunities and slower payment timelines during the crisis. Late or lagging payment processes can expand costs.

Construction 91

Construction Accounts Payable B2B Invoicing 91

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. In June, Centsoft introduced AP automation for companies in the construction sector.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

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

DECEMBER 23, 2019

construction giant Carillion collapsed, but the saga continues to send shockwaves throughout the global construction industry. Small businesses are the fabric of the construction industry,” he said. What’s important to acknowledge, however, is that malicious late payments are not the norm for the construction sector.

Construction 52

Construction B2B Investments Technology 52

Corporate Finance Associates

NOVEMBER 3, 2021

The report below gives a good overview of the Fall 2021 M&A activity in the Engineering and Construction Industry Sector. In 2020, the worldwide construction market declined from USD 11.21 The heavy and civil engineering industry would be the fastest-growing construction category, due to low-cost labor and raw materials.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Construction Budgeting Marketing 52

PYMNTS

FEBRUARY 20, 2019

Rabbet, an intelligent construction finance platform, announced Wednesday (Feb. With the support of Goldman Sachs , QED and Camber Creek, Rabbet will further its mission to bring frictionless transactions to the construction industry,” Rabbet CEO and Co-Founder Will Mitchell said in the press release.

Construction 53

Construction Finance Compliance Investments 53

PYMNTS

AUGUST 16, 2019

Late payments are a headache for any industry, but the construction sector has seen some particularly detrimental effects from cash-flow bottlenecks. the collapse of construction conglomerate Carillion pulled back the curtains on the corporate’s B2B payment practices. In the U.K.,

Construction 50

Construction Communication Invoicing B2B 50

PYMNTS

AUGUST 4, 2020

“Wawa continues to test new store concepts with this latest drive-thru format, providing an opportunity for our customers to still experience and enjoy their favorite Wawa products while remaining inside their vehicle,” said Terri Micklin , Wawa’s director of construction, in a statement. “It

Construction 62

Construction Planning Numbers Retail 62

PYMNTS

SEPTEMBER 17, 2019

Keeping Construction Payments Fraud-Free. trillion construction market can have long-ranging effects. Cash flow problems can result in construction firms delaying payments to vendors, suppliers or subcontractors, which in turn can result in late delivery of supplies, therefore delaying projects from the beginning.

Construction 52

Construction Accounts Payable B2B Invoicing 52

PYMNTS

OCTOBER 16, 2018

Construction FinTech has evolved to target an array of financial friction points, with delayed payments, a mountain of paperwork and a crowded supply chain of contractors and subcontractors adding hurdles in the financial supply chain.

Construction 64

Construction B2B Invoicing Finance 64

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

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

PYMNTS

APRIL 25, 2019

However, according to Keith Holmes, VP of operations at equipment rental platform BigRentz , in the last several years, he has seen a significant shift from the purchasing model to the rental model among the construction companies that use the site. “We’ve seen a big shift. Rental Pains.

Construction 49

Construction Finance Economics Invoicing 49

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. construction sector.

Construction 49

Construction B2B Invoicing Accounting 49

CFO Dive

JULY 24, 2023

E-commerce and warehouse construction activity are showing signs of recovery, which could lead to increased demand for automation tools, according to Interact Analysis.

Construction 185

Construction 185

PYMNTS

JULY 10, 2018

Visit a construction job site and – along with the water coolers, chain link fences, portable toilets and tools – chances are you will come across stacks of papers, including plans, permits and invoices. The cost of late payments in commercial construction runs $40 billion annually, according to one recent industry report.

Construction 42

Construction Invoicing Budgeting Economics 42

CFO Dive

SEPTEMBER 21, 2022

Record home prices, mounting construction costs and a Fed-spurred rise in mortgage rates have worsened a downturn in housing, homebuilders said.

Construction 260

Construction 260

PYMNTS

FEBRUARY 24, 2020

Consumers are taking home improvement projects into their own hands, and they are tackling construction work instead of turning to others for help. The company’s target market, Slingerland said, is anyone who is interested in DIY and building as well as woodworkers, builders and construction workers.

Construction 58

Construction eCommerce Budgeting Marketing 58

PYMNTS

JUNE 22, 2018

’s construction industry continues to struggle with late supplier payments, a new commercial card product from Barclaycard aims to address some of the cash flow issues among small businesses (SMBs) in the sector. ’s construction sector. ’s construction sector. As the U.K.’s

Construction 46

Construction Retail Investments Numbers 46

PYMNTS

MAY 10, 2018

s largest contractor, construction conglomerate Carillion , new data shows a major spike in the number of construction companies facing financial struggles. Nearly three-quarters of the 400 small construction businesses surveyed are facing severe financial challenges. Following the collapse of the U.K.’s

Construction 41

Construction B2B Numbers 41

PYMNTS

DECEMBER 1, 2016

28) concluded that 55 percent of companies in the construction subcontracting industry feel powerless to influence the payment terms of their contracts with larger construction companies. The issue of late payments continues to impact this industry, despite earlier action taken by the Construction Leadership Council. ”

Construction 52

Construction B2B Profit and Loss Leadership 52

CFO Dive

AUGUST 18, 2022

Factors including stock market volatility and a slump in both housing construction and manufacturing orders could cause a downturn by early next year.

Construction 221

Construction Manufacturing Marketing 221

PYMNTS

SEPTEMBER 24, 2019

This boom in popularity is partly because the overall cost of solar panels and installment is going down, making them a more sustainable option for construction projects. Solar, wind and hydropower will be responsible for about 19 percent of electricity production in the U.S.

Construction 40

Construction Invoicing Cost Management Treasury 40

PYMNTS

JANUARY 19, 2017

Corporate payments company Optal struck a new partnership to streamline B2B payments in the construction sector. 18) said Optal is collaborating with Open ECX , a digital transaction platform for the construction industry, via its WebContractor tool. General Manager Andy Downes said construction is a critical component of the U.K.

Construction 43

Construction B2B Reconciliations Invoicing 43

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. and overseas, had hundreds of suppliers — and a significant number are still owed payments.

Construction 43

Construction Accounting Banking Numbers 43

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

Proformative

OCTOBER 18, 2022

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

General Ledger 40

General Ledger Construction Accounting 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

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 232

Construction Accounting Technology Marketing 232

PYMNTS

AUGUST 11, 2017

Lowe’s has added a prepaid solution for construction crews, using a platform from Fidelity National Information Services (FIS). PaymentsSource reported that while Lowe’s has long offered financing through its private-label credit card programs, this option is a poor fit for construction crews that need to manage ongoing expenses.

Construction 40

Construction Retail Finance Banking 40

PYMNTS

SEPTEMBER 21, 2016

To that end, Estep said, real-time payments and Same Day ACH are distinct, but complementary, in this construct. “That way,” Estep said, “faster payments sits over the top, and Same Day ACH or real-time payments are options underneath that. Both are about moving payments faster than they are today.”.

Construction 76

Construction Invoicing Banking Accounting 76

CFO News

JANUARY 5, 2024

per cent growth, driven by thriving sectors, notably construction and manufacturing. In 2023-24, India's economy anticipates a robust 7.3 However, agriculture's modest 1.8 per cent growth diverges from the trend.

Construction 105

Construction Manufacturing 105

CFO News Room

JANUARY 21, 2023

He also knows the value to him of the nails, of the wood, and of each of the other inputs that he’ll use to construct the table. For Joe to proceed with his plan to construct the table, he must expect that the value to him of the table will exceed the value to him of the sum of all the inputs used in its production.

Construction 130

Construction Economics Profit and Loss Planning 130