Tag: Controllers and Credit Managers
-
How to Reduce DSO of Construction Invoices
Credit teams in the construction industry constantly battle late payments. In particular, subcontractors and suppliers performing labor or supplying materials to help permanently improve a property are farther removed from the money behind the project, and, therefore, must often deal with dreaded DSO (Days Sales Outstanding). Read on to find out some of the best…
-
Construction Financial Manager Review: July 22, 2016
SUBSCRIBE | SHARE This week’s Construction Financial Manager Review focuses on construction how construction industry professionals can improve business processes by motivating employees and increasing accountability. It also touches on programs in place to help train a new generation of construction workers, which is especially important in the light of recent labor shortages. We try to…
-
5 Free Online Resources for Construction Office Managers
For an office manager in the construction industry, every day brings different duties, and many of these relate to managing accounts receivable. The process for collecting payment in construction differs from other industries and requires specialized knowledge of the payment collection process and the tools available to manage credit risk. Fortunately, the internet is packed with…
-
Construction Financial Manager Review: July 15, 2016
SUBSCRIBE | SHARE This week’s Construction Financial Manager Review focuses on construction technology and risk management. We try to provide you with major headlines and interesting insights to keep you on the cusp of industry news. We hope you enjoy this week’s review and would love to get your feedback. Happy weekend, Scott Wolfe zlien CEO What We’re Reading …
-
How & Why to Convince Your Boss to Adopt New Construction Technology
Office managers in the construction field know the industry isn’t exactly made up of early adopters when it comes to innovative software and construction technology. But this tendency shouldn’t prevent office managers from exploring the value that construction technology can add. Many construction softwares, particularly those that help manage financial processes, empower office managers to do their jobs…