PYMNTS-MonitorEdge-May-2024

construction

PaperTrl Adds Virtual Cards to Construction Payments Platform
PaperTrl Adds Virtual Cards to Construction Payments Platform
April 26, 2023  |  B2B Payments

Construction industry platform PaperTrl is offering virtual card payments with U.S. Bank’s help. PaperTrl, which offers an accounts payable (AP) management and automation platform for...

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Generative AI Shows Potential to Increase Productivity: Study
Generative AI Shows Potential to Increase Productivity: Study
April 24, 2023  |  artificial intelligence

A new study suggests the potential of generative artificial intelligence (AI) to increase workplace productivity. The study — conducted by researchers at Stanford University and...

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Contractors May Move to Modernize as Manufacturing Boom Spurs Construction Demand
Contractors May Move to Modernize as Manufacturing Boom Spurs Construction Demand
April 14, 2023  |  B2B Payments

Government incentives are spurring nationwide industry investment as manufacturers race to find space to fulfill demand.  As first reported last week (April 8) by the Wall Street...

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Field Materials Raises $4.65 Million to Streamline Construction Material Procurement
Field Materials Raises $4.65 Million to Streamline Construction Material Procurement
April 06, 2023  |  Back-office

Field Materials has raised $4.65 million in seed funding for its construction material purchasing software. The powered by artificial intelligence (AI), the software helps general...

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Built Technologies Creating Solutions for Commercial Property Developers
Built Technologies Creating Solutions for Commercial Property Developers
April 04, 2023  |  Real Estate

Built Technologies has launched a new business unit focused on solutions for commercial property developers. The new business unit’s first product will be launched later...

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SVB’s Failure Could Doom Affordable Housing Projects
SVB’s Failure Could Doom Affordable Housing Projects
March 16, 2023  |  Banking

Silicon Valley Bank’s collapse could have grim implications for Bay Area affordable housing projects. While the bank was known for funding tech startups, it also...

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30% of US Construction Firms Invest in Digital Payments Amid Housing Slump
30% of US Construction Firms Invest in Digital Payments Amid Housing Slump
March 02, 2023  |  Digital Payments

Construction firms facing lower housing starts and rising mortgage rates that are turning off potential home buyers are increasingly turning to digital payment solutions as...

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Construction Platform Buildertrend Adds Suite of Adyen Embedded Payments Tools
Construction Platform Buildertrend Adds Suite of Adyen Embedded Payments Tools
February 22, 2023  |  Payment Methods

Adyen and Buildertrend have teamed up to enable expedited payments for construction businesses. With this collaboration, Buildertrend is using Adyen for Platforms to add embedded finance to its residential construction...

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30% of Construction Firms Are Investing in Technology 
30% of Construction Firms Are Investing in Technology 
February 13, 2023  |  B2B Payments

Construction firms are looking to technology to help them improve operations and build resilience.  Thirty percent of such firms said they are preparing for a...

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