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 possible recession by investing in technology to save time and costs, according to the January/February edition of the “B2B and...
Today in B2B payments, Airbase gives businesses real-time information on spending habits, Sonoco and Coupa team on payments and Tazapay debuts a global B2B Escrow-as-a-Service offering. Plus, Biild and Procore team up to help construction contractors afford their materials, and Chewy debuts a vets-only eCommerce...
Most contractors working in commercial construction projects pay for materials long before receiving payment for their work. In fact, 74% have terms with their suppliers of 30 days or less, yet the time they wait to get paid for their own work averages about 85 days. It’s probably no surprise, then, that 46% of...
B2B payment delays can crush a small business in any industry. Often considered a cash flow problem of larger corporates waiting longer to pay their small suppliers in an effort to protect their own financial positions, delayed B2B payments create a domino effect of consequences,...
September 06, 2023
Construction payment provider Billd is working with software platform STACK to improve working capital access. The companies announced in a news release Wednesday (Sept. 6) that Billd’s financing solutions are now part of the STACK Takeoff and Estimating platform, letting subcontractors instantly access working capital ahead of construction. “We encourage all of our customers to think about working capital availability, and […]