Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
By Patrick Hogan, handle.com In the construction industry, new technology can make work faster and more accurate. Yet introducing new tools can sometimes be tricky because not everyone is on board right away. Clear and direct communication is critical to winning over your team. This article covers straightforward ways to talk about new technologies so
READ MOREBy Claire Wilson, Siteline For subcontractor accounting teams, there are few tasks as fraught with potential pitfalls as progress billing. What should be a well-orchestrated process to keep money flowing has become an arduous cycle of paperwork, customized forms, disparate payment portals, and a never-ending string of missing information. However, recent innovations in construction technology
READ MOREBy Claire Wilson, Siteline Effective financial management is crucial for success in any industry. But in an industry that involves substantial and frequent upfront investment, like construction, thorough financial oversight is especially important. Accounting teams rely on metrics (or key performance indicators) to assess business performance, manage risk, and make informed decisions that will ultimately
READ MOREBy Tonya Schulte, The Profit Constructors Maintaining a system that allows you to stay on top of how much money is coming in and how much is going out gives you the advantage many subcontractors miss. When you can see the flow of cash (as if you’re looking at the flow of a river), you
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