Accounts Receivable ArticlesRSS feed for this section

When it comes to managing or influencing a company’s working capital, CFOs and Construction Financial Managers (CFMs) rank “receivables performance” as the most important factor. Obtaining receivables performance improvements or maintaining A/R performance requires companies to understand and employ quality accounts receivable management practices. These articles explore industry leading receivables management concepts.

Why Credit Management in the Construction Industry Is Unique

Why Credit Management in teh Construction Industry Is Unique

The construction industry brings unique challenges to contractors and subcontractors when it comes to credit management. Extending credit on large-scale construction projects can be risky, as projects require a large upfront investment of both labor and materials, and because projects can span years with payments made in installments. Of course, extending credit and exposing oneself to risk […]

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How and Why to Secure Payment with Lien Rights

Why Credit Management in teh Construction Industry Is Unique

We started this course by analyzing standard credit management practices and policies, and then we explored the construction industry-specific legal issues you’ll confront as a credit professional. This all built up to the financial risk paradigm in the industry, which puts your company’s neck on the line. There are real reasons why payments to you […]

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How & Why to Convince Your Boss to Adopt New Construction Technology

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 […]

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The Top 5 Construction Payment Myths Debunked

The Top 5 Construction Payment Myths Debunked

Getting paid is truly the only thing that keeps a business open. There are a lot of tips and tricks that are suggested to keep the cash flowing, however, they are not all sound advice. Especially in the construction industry where invoicing and payment methods can be more complicated, there are some stubborn construction payment myths […]

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Eliminate Accounts Receivable Problems with 4 Key Concepts

accounts receivable

If you’re a credit professional, you’re in the business of managing your company’s receivables. But, what does this even mean? And how do you make an impact? These are topics we discuss in zlien‘s 6 Weeks to Success as a Credit Professional email course. This article constitutes the second lesson in the course. Sign up to get information […]

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Battling Late Payments in the Construction Industry

Battling Late Payments in the Construction Industry

Depending on which phase of the construction process your business fits into, your accounts receivable may take a hit. Contractors dealing with structures and foundation are lucky: typically the first on the site is the first to get paid. Those at the end of the process, such as building finishing contractors, often have a harder […]

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A/R Management: When Traditional Tools Stop Working

As technology has advanced so too have the tools we use in our day-to-day lives. We don’t ride horses to work anymore, construction companies don’t use manual shovels to dig large holes, we rarely write hand-written letters, and many people don’t even hand-wash dishes anymore. Why? Because innovation and technology have given us faster, more […]

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5 Collection Email Best Practices to Get Paid Faster in Construction

5 Collection Email Best Practices to Get Paid Faster in Construction

We all know what a pivotal role email plays in business as a means for quickly and effectively communicating with customers, business partners, suppliers, and other contacts. When it comes to invoice collection in the construction industry, email is just as important to the person in charge of collecting invoices as a hammer is to […]

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Cloud Technology Can Give Lien & Notice Functionality To Your ERP or Accounting Platform

API and Technology for Construction Lien Tracking and Notice

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 […]

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