Author: Martin Roth
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Texas, Don’t Wait! 3 Reasons Texas Contractors Can’t Wait Until the 15th
If you are a Texas subcontractor or supplier, you know about the 15th of the month. It’s the time of the month when everyone in your office frantically scrambles to make sure the correct Texas lien notices are going out in the mail. However, with a little planning, much of this frantic running around can…
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Preliminary Notices: 3 Myths About Filing Preliminary Notices
There are several reasons why it’s a good idea. Perhaps the most compelling reason is that zlien’s data shows that sending preliminary notices helps construction companies get paid faster. zlien customers have been able to shave up to 38 days off of their DSO, just by implementing a preliminary notice process. One explanation for this…
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6 Metrics to Track Your Mechanics Lien Policy
If you aren’t keeping track of metrics, then it’s impossible to know if you’re improving. Far too often, credit departments send notices and file liens without structure around measuring whether or not the notices are working. Think, for example, about a company that spends $3,000 per month on protecting lien rights (that’s a $36,000 annual…
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The Ultimate Credit Technology Stack
Credit departments in the building materials supply industry have a difficult task: approving and monitoring credit limits and payments for thousands of customers and hundreds of thousands of projects every year can get a bit cumbersome. Luckily, technological advances have made it much easier for credit teams to manage customer relationships, and good credit departments know…
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4 Ways Subcontractors Can Get Paid Using the zlien Methodology
Managing receivables in the construction industry is tough, especially without a succinct process to guide your actions. This becomes ever more complicated if your company is using its mechanics lien rights to control overdue receivables. The nuanced laws and complex timelines make process and policy a necessity to manage when to send notice and when…