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.

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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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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CFM Review: Is Everything You Know About Lien Waivers Wrong?

is everything you know about lien waivers wrong?

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 […]

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CFM Review: Cloud Computing and Construction

cloud computing and construction

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 […]

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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 […]

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What the Billtrust + zlien Partnership Means To You

Partnership in Order to Cash Process zlien and Billtrust

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 […]

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