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Deep Dive: Building Steady Construction Cash Flows With Digital Tools

PYMNTS

trillion construction industry has not yet had its moment of digital reckoning. Recent data indicates that construction firms typically rank in the bottom percentage of U.S. Construction firms looking to remain profitable must ensure proper cash flows and complete projects on time, but old school practices can get in the way.

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Payment Cards Shine A Light On Construction Spend For Solar Firms

PYMNTS

This boom in popularity is partly because the overall cost of solar panels and installment is going down, making them a more sustainable option for construction projects. Workers can use the accompanying Bento app to track budgets and upload receipts, preventing them from having to file expense reports. Flexing Spend Controls.

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How Spending Cards Lighten Solar Installation’s Financial Burden

PYMNTS

construction market is on track to reach $1.8 In order for construction firms, contractors and subcontractors to succeed in this market, projects must be completed on time and within a fixed budget. Keeping track of cash flow and spending will be essential for construction firms that are active in the growing market.

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Customized Financial Reporting for Better Decision Making

CFO Plans

These professionals offer strategic insights, financial forecasting, and budgeting assistance, acting as trusted advisors to guide businesses toward sustainable growth. A construction firm benefited from specialized accounting services that improved project cost management and profitability analysis.