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Accountants Missing Construction’s Nuanced Cash Management Needs

PYMNTS

The construction industry is facing multiple headwinds, from late supplier payments to a talent shortage. According to Euler Hermes, the construction sector, which is worth $10 trillion worldwide, is expected to enjoy 3.5 “Construction accounting is a little more complex,” he recently told PYMNTS.

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Why Construction Payments’ Friction Has Nothing To Do With Payments

PYMNTS

A B2B transaction in an industry like construction, where what triggers a payment isn’t a single, simple invoice. It is perhaps unsurprising, then, that the construction sector is no stranger to delayed and late B2B payments. What’s more complicated than a B2B transaction? In fact, nearly half wait up to 90 days to receive funds.

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Expanding in Africa: How Egypt’s CIB is Pursuing Cross-Border Growth

Global Finance

For corporate clients, we have comprehensive trade finance and cash management solutions to streamline transactions across African markets. In addition, we deliver Africa business desk services to assist key industries such as textiles, consumer durables and construction.

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Best Financial Innovations 2024

Global Finance

Innovation: AI-Based Fund Monitoring Company: Eurasian Bank In Kazakhstan, would-be homeowners often engage in shared-equity construction, a process in which future owners buy shares in a house under construction. This low-risk cash management solution offers risk-adjusted returns in US dollars.

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The Rise Of The Multitasking SMB Finance App

PYMNTS

Indeed, according to Fiskl CEO and Founder Alina Lapusneanu , entrepreneurs are searching for solutions that can multitask, and embrace a wide range of functionality to tackle more pain points around banking, payments and cash management — all at once. All About Cash Flow.

Finance 106
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JPMC Adds Deutsche Bank To Blockchain Roster

PYMNTS

The JPMorgan Chase-led Interbank Information Network (IIN) will allow Deutsche Bank to give its clients improved overall service, Ole Matthiessen, the bank’s global head of cash management told FT. Aside from the IIN, Mastercard and R3 ’s cross-border blockchain platforms are also striving to make global payments faster.

Banking 73
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National Bank Of Canada Blockchain Pilot Eyes Trade Finance Contracts

PYMNTS

The technology can “intelligently construct agreements” for streamlined contract development, the companies noted. “This will enable us to offer a simple, fast and efficient experience to our commercial clients, which facilitates managing their business.”

Finance 69