Digital Payments Could Eliminate Construction’s $280B Late Payments Problem

Money Mobility Tracker®: Digital Rebuild: Transforming Payments in the Construction Industry

Slow, error-prone payments are draining billions from the construction industry, putting businesses, projects and workers’ livelihoods at risk. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, reveals how faster, digital payment solutions can upend the trend — boosting cash flow, cutting costs and helping firms stay ahead of tightening regulations.

Inside the October Tracker
  • Delays in vendor and employee payments risk bringing construction to a halt.
  • Adopting faster payments can help construction firms improve their overall financial health by reducing payment errors and delays.
  • Construction firms should modernize their payment systems for their own sake, but regulators are giving them even stronger reasons to do so.

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