Cash flow is the lubricant which keeps projects running smoothly in the construction industry. Construction projects, by their nature, tend to have uneven progress toward completion. This creates a challenging environment for you to keep cash flowing; so that you can finance your operations and complete your part of a project on time. Here are
What tools are you using in your receivables management strategy? If your organization is using spreadsheet for receivables management, we can assume with some level of certainty two things about your collectors; (1) they’re not being efficient and (2) they are likely working on inaccurate information. We can assume these things because as with any
The construction industry has been slow to automate its building processes and back office procedures. Practical limitations on automating building processes have kept most projects on a manual basis. Back office procedures are still handled manually by many construction firms because of the details, documents and timelines that drive the legal, financial and operational aspects
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