Small businesses on Main Street have proven to be more resilient than many of their larger counterparts, according to the PYMNTS Intelligence report “Main Street Businesses Are Outperforming the US Economy.” In the last 12 months, Main Street businesses have been operating with the lowest risk of...
The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost businesses $273 billion in 2023 — representing nearly 14% of total construction costs, up from...
Trimble has acquired Flashtract to add construction payment, compliance and lien waiver capabilities to its connected construction technology ecosystem. Flashtract’s technology streamlines the flow of payment and compliance information between construction general contractors and subcontractors, Trimble said in a Wednesday (May 8) press release. Now branded as Trimble Pay, the technology...
Construction spending in the U.S. declined unexpectedly in March after being unchanged in February. Data from the Census Bureau released Wednesday (May 1) showed spending at a seasonally adjusted annual rate of $2.083 trillion, 0.2% below the revised February estimate of $2.087 trillion. A report by Reuters notes the dip...
May 09, 2024
The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost businesses $273 billion in 2023 — representing nearly 14% of total construction costs, up from 12% in 2022. Partly to blame is the construction sector’s […]
December 06, 2023
Late business-to-business (B2B) payments are the bane of any accounts receivable (AR) department. The headaches caused by late B2B payments affect more than just the accountants, as the entire firm...
April 14, 2023
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 Journal, the industrial real estate...
March 02, 2023
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 a way to increase cash...
May 08, 2024
Trimble has acquired Flashtract to add construction payment, compliance and lien waiver capabilities to its connected construction technology ecosystem. Flashtract’s technology streamlines the flow of payment and compliance information between construction general contractors and subcontractors, Trimble said in a Wednesday (May 8) press release. Now branded as Trimble Pay, the technology will initially be integrated with the Trimble Viewpoint Vista enterprise resource planning […]
May 01, 2024
Construction spending in the U.S. declined unexpectedly in March after being unchanged in February. Data from the Census Bureau released Wednesday (May 1) showed spending at a seasonally adjusted annual rate of $2.083 trillion,...
April 04, 2024
Ottimate partnered with Agave to make it easier for construction and real estate companies to incorporate its accounts payable (AP) automation solution into their existing processes. Agave’s unified API for the construction industry...
April 03, 2024
ADP’s latest employment report shows a jump in raises for people switching jobs. While year-over-year pay increases last month for people who stayed at their jobs were flat after months...
