Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
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Lowering DSO: Best Practices to Get Invoices Paid Faster0
- Cash Management, FINANCE, Risk Management
- April 26, 2022
By 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 MORE6 Ways to Bring Your Payment Protection Practices into the Modern Age0
- Best Practices, Cash Management, Outlook & Trends, Payment
- February 21, 2022
By 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 MOREHow To Reduce Your DSO and Future-Proof Your Finances0
- Best Practices, Cash Management, FINANCE, Payment
- January 25, 2022
By 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
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Why General Contractors Prefer Subcontractors Who Use Financing0
- Best Practices, Cash Management, FINANCE
- December 20, 2021
By 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 MOREAn Inside Look at the Current State of Cost Management in Construction0
- Best Practices, Cash Management, Improving Productivity
- October 26, 2021
John 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
READ MOREHow to Proactively Manage Financial Risks for 20220
- Cash Management, FINANCE, Outlook & Trends, Payment, Risk Management
- October 26, 2021
By Patrick Hogan, handle.com Year 2021 has been punctuated with various successes and struggles for the construction industry. While the COVID-19 crisis continues to pose challenges not only to public health but also to the economy, many construction companies have had the time to adjust accordingly and get back on their feet. However, this public
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How to Master Your Financial KPIs with The Trigger Point Strategy
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- February 26, 2024
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About FASA
To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
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A Reflection on 2024, and How EHS Will Evolve in 2025
- Outlook & Trends, Safety
- December 17, 2024
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