Tag: Accounts Receivable
-
Cloud Technology Can Give Lien & Notice Functionality To Your ERP or Accounting Platform
Your company’s credit department likely uses a variety of different tools and software packages to operate. Unfortunately for building material suppliers, equipment rental companies, and others in the construction industry, these tools do not contemplate some of the industry’s credit and collection nuances. One such nuance is mechanics lien and bond claim rights. Thanks to…
-
Construction Accounts Receivable: Don’t Make These Tragic Mistakes
On the surface, extending credit to customers seems like a no-brainer; it’s an incredible way to attract and retain customers and build long-term, profitable relationships – but there are significant risks involved too. Extending credit is easy, but collecting on invoices is a very real threat to profitability, especially in the construction industry where invoicing…
-
What the Billtrust + zlien Partnership Means To You
Here is a story of two credit and collection departments: the status-quo team and the data-driven team. The status quo team has a way of doing things that work, and has worked for years. Their credit risks are controlled, and their collection rates are acceptable to management. Their system may be a green-screen, but it…
-
Construction Executive Risk Management Publishes Guide to Improve Receivables and Cash Flow
It’s no big secret that the construction industry faces payment challenges, and difficulties throughout the payment chain. When such a high volume of labor and/or material furnished on credit combines with the large number of parties on a project and the complicated payment structure tying them together, there are bound to be some hiccups. Payments become…
-
zlien Platform vs. “Lien and Notice Service Providers”
The Construction Payment Blog has recently published several articles about the current and future state of technology as applied to, and as used by, the construction industry. One of the most important take-aways of many of those articles is that rather than something to be wary of, the adoption of new technology can be a…