Advances in financial technology services make it possible for construction companies to offer instant credit decisions to customers at no additional cost. These turnkey financing programs offer all the benefits of an in-house financing credit system without the risk or implementation costs.
Evaluate Reverse Logistics Practices to Save Money
If these three common reverse logistics scenarios ring true then it may be time to evaluate whether a business’ reverse logistics strategy is costing it time, money and customer satisfaction.
2018 Executive Insights: Construction Accounting
Industry experts share their insights on construction accounting best practices.
Build a Lasting Foundation of Profitability
Implementation of the soft science of organizational management integrated with appropriate financial controls can ensure profitable job execution.
A New Revenue Recognition Standard Is (Almost) Here
Most public companies started complying with the new revenue recognition standard, Revenue From Contracts With Customers (ASC 606), when it took effect Jan. 1, 2018. Meanwhile, private companies are counting down to Jan. 1, 2019. For these firms, now is the time to seize the opportunity for a smooth transition.
Slow Pay Leads to Needless Costs
More than 40 percent of subcontractors surveyed said they wait between 30 and 60 days for payment, while an additional 46 percent wait 60 to 90 days.
Louisiana Sets Parameters for Late Payments
Louisiana Gov. John Bel Edwards (D) signed Act No. 566 into law, amending a statute to indicate that payment from a public entity to a contractor is considered late 45 days following receipt of a proper request for payment.
Better Manage M&A Activity With Software
As the U.S. economy continues to expand, construction industry executives with their sights on an M&A should take a look at emerging software platforms to help them with the due diligence and post-merger integration processes.











