Construction management software provider Procore has launched a tool it says will help solve a perennial problem in its industry: slow payments. Procore Pay, built in partnership with Goldman Sachs, is a payment functionality built into the Procore platform, the company said in a news...
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...
Among the daily swirl of advancements and announcements from a range of FinTechs, InsurTechs and health techs comes word from a lesser known — albeit equally busy — quadrant of the digital shift: construction tech. “The construction, manufacturing and industrial industries are really facing unprecedented...
November 08, 2022
Construction management software provider Procore has launched a tool it says will help solve a perennial problem in its industry: slow payments. Procore Pay, built in partnership with Goldman Sachs, is a payment functionality built into the Procore platform, the company said in a news release Tuesday (Nov. 8). Due to launch next year, Procore […]
