CFM Review: Tech Savvy Construction Employees and Billing Nightmares

Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love to hear from you about how we’re doing, and to have you join our community by subscribing to receive this weekly post by email.  Follow #CFMReview.

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How to Find Tech Savvy Employees

From Construction Executive

Find tech saavy employees

Technology and software are no longer just buzzwords in the construction industry. Businesses left and right, of all sizes, are adopting different tools to help them with estimating, project management, scheduling, collaboration, collections and receivables, and more.

Now, more than ever, therefore, it is important to employee people who can aptly manage and apply these modern tools. How to identify such employees?

“Companies develop a reputation for their level of technological savvy,” writes Bill Schepeler at Construction Executive magazine. “In most markets, it’s common knowledge which construction management programs are used by which companies, and, more importantly, how well.” This factoid has dual implications.

On the one hand, as Schepeler writes, you should “look for candidates who have worked for those [tech savvy] companies.” However, reputation works in two directions. The more you boost your own company’s profile and reputation, the more people will seek you out and want to work for you.

> Read: Proven Strategies for Identifying Tech Savvy Employees

 

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A NightMare on Billing Street

From Billtrust

Billing nightmare

We’re not the only ones excited about Halloween. Our friends at Billtrust, are hosting a spook-themed webinar on billing issues that can plague A/R departments: “Invoice errors, managing disputes, dealing with upset customers, misapplied cash and being in the dark about when you’ll get paid…”

Traci Folz (Manager of AR at Valspar Corporation, a paint manufacture and supply company) and Nicole Dwyer (VP of Product Strategy at Billtust) will present and discuss best practices for A/R departments.

> Learn more and register for “A Nightmare on Billing Street”

 

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A Lien Horror Story: What Lie(ns) Beneath

From zlien

A Damaged Rejected Document Horror Story

Didn’t think liens could spooky? Think again.

Throughout October, zlien‘s resident lien expert Madeline Fortino is publishing real-life lien horror stories. Read the first of four posts to come:

What Lie(n)s Beneath — “Document Rejected For Damage”

 

[zlien id=”26512″]


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