Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
Why some projects appear to be winning when they lose at the end By Gregg Schoppman, FMI The vicious job loop. An endless cycle of misrepresentations, mistruths, and fake news. There are so many things that can go wrong in job cost reporting and the interesting thing is that most of the issues lie NOT
READ MOREBy Patrick Hogan, Handle.com In construction, finance and credit managers know how crucial it is to keep a pulse on their DSO. Daily Sales Outstanding or DSO is a critical metric that provides a snapshot of how long it takes to collect on credit sale invoices. A higher DSO means significant work needs to be
READ MOREBy Patrick Hogan, handle.com The construction sector is notorious for payment issues, and there are various factors that contribute to this reputation. For instance, the industry’s complicated contracting hierarchies create a complex payment process that often results in payment disputes. Unpredictable economic conditions also introduce unforeseeable financial challenges, resulting in payment bottlenecks. It is therefore
READ MOREBy Patrick Hogan, handle.com The day sales outstanding, or DSO, is one of the most important key performance indices (KPIs) in the construction business. The DSO allows you to measure how fast you convert your invoices into cash — it helps you to not only assess the health of your cash flow but also to
READ MOREBy Chris Doyle, Billd As a subcontractor, your reputation with general contractors is critical. In the interest of maintaining it – when it comes to project finances, you may choose to keep the details close to the vest. Especially if you’re interested in trying a non-traditional payment option, like material financing or factoring. The reigning
READ MOREJohn Biggs, writer The wave of new construction technologies has been dramatically transforming the industry. On today’s construction sites, robots conduct building inspections, drones buzz overhead capturing a project’s progress, and every drawing and plan is accessible to workers in real-time through the cloud and mobile devices. Still, despite construction’s significant digital transformation, it seems
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