CFO News

OCTOBER 27, 2024

Indian Inc's revenue growth slowed to 5-7% in Q2 of FY25, driven by poor performance in construction, industrial commodities, and agriculture. However, sectors like IT services, pharmaceuticals, and consumer discretionary saw strong growth, resulting in an overall EBITDA margin expansion of 21-21.5%.

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Construction Pharmaceutical 40

Fox Corporate Finance

FEBRUARY 20, 2023

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF European Infrastructure & Construction Market Study – 2022”. Based on available data from European infrastructure and construction companies, the FCF Infrastructure & Construction.

Construction 52

Construction Marketing Corporate Finance Finance 52

CFO Dive

APRIL 1, 2024

The former CFO is required to pay restitution of $890,000 in addition to other penalties and may also face time in prison.

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CFO News

OCTOBER 4, 2024

The Supreme Court has allowed real estate companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes, ruling them as 'plant and machinery' under GST law. This decision helps reduce the financial burden and investment costs in commercial real estate.

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Construction Investments 40

Accountancy Today

JULY 25, 2022

Data from The Gazette Official Public Record revealed construction, manufacturing and retail were the sectors that accounted for almost 40% of administrations in 2022.

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Construction Manufacturing Accounting Retail 82

PYMNTS

JUNE 24, 2020

To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. Additionally, the infrastructure automates the procedure for processing the hard copy and emailed invoices that construction firms receive for their work.

Construction 75

Construction Accounts Payable Invoicing SAP 75

Fox Corporate Finance

JANUARY 17, 2022

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF European Infrastructure & Construction Market Study – 2021”. Based on available data from European infrastructure and construction companies, the FCF Infrastructure & Construction.

Construction 52

Construction Marketing Corporate Finance Finance 52

CFO News

JULY 10, 2024

The financial performance of roads and construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarte

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Construction 40

PYMNTS

NOVEMBER 9, 2020

Many of these processes are decades-old and must follow complex regulatory guidelines, as is the case in the construction industry. Construction companies are facing both time and cash crunches due to dwindling work opportunities and slower payment timelines during the crisis. Late or lagging payment processes can expand costs.

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Construction Accounts Payable B2B Invoicing 91

CFO Dive

AUGUST 28, 2024

Austal understated an accounting metric known as “estimate at completion” for the construction of Littoral Combat Ships, according to SEC allegations.

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Accounting Construction 274

CFO News

DECEMBER 16, 2022

Speaking virtually at the 95th FICCI Annual Convention and AGM, he said, "We are trying to minimise use to cement and steel in construction work by adopting substitutes such as oil slag, waste plastic and rubber, and demolition waste among others."

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Construction 52

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. In June, Centsoft introduced AP automation for companies in the construction sector.

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Construction General Ledger (GL) Accounts Payable General Ledger 69

PYMNTS

FEBRUARY 2, 2021

Although the concept is designed to support greater control over cash flow — especially for buyers — in the construction industry, “net terms” doesn’t necessarily mean what it implies. There are several other key pain points in construction B2B payments that harm both buyers and suppliers. Dual-Sided Pain Points.

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Construction B2B Invoicing Finance 65

PYMNTS

APRIL 23, 2019

Business management technology provider Sage is rolling out a new solution designed to help construction firms track the health of company finances and compare performance against industry peers. “This offering is our latest commitment to helping construction firms improve their financial health.” In the U.S.,

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Benchmarking Construction Finance Accounts Payable 46

The CFO Centre

JUNE 30, 2020

Using sound management reporting and project by project accounting would make it easier for construction companies to get funding from banks and other financial institutions to grow and scale their businesses, says Simon Parkins, a construction industry accounting specialist.

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Construction CFO Accounting Investments 52

PYMNTS

DECEMBER 23, 2019

construction giant Carillion collapsed, but the saga continues to send shockwaves throughout the global construction industry. Small businesses are the fabric of the construction industry,” he said. What’s important to acknowledge, however, is that malicious late payments are not the norm for the construction sector.

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Construction B2B Investments Technology 52

PYMNTS

FEBRUARY 20, 2019

Rabbet, an intelligent construction finance platform, announced Wednesday (Feb. With the support of Goldman Sachs , QED and Camber Creek, Rabbet will further its mission to bring frictionless transactions to the construction industry,” Rabbet CEO and Co-Founder Will Mitchell said in the press release.

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Construction Compliance Finance Investments 53

PYMNTS

JUNE 17, 2020

home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. Home construction activity is beginning to slowly reawaken, just two months after the industry experienced an unprecedented decline in activity,” said Matthew Speakman, an economist at Zillow, wrote.

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Construction Budgeting Economics Sales 56

Corporate Finance Associates

NOVEMBER 3, 2021

The report below gives a good overview of the Fall 2021 M&A activity in the Engineering and Construction Industry Sector. In 2020, the worldwide construction market declined from USD 11.21 The heavy and civil engineering industry would be the fastest-growing construction category, due to low-cost labor and raw materials.

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Mergers and Acquisitions (M&A) Construction Budgeting Marketing 52

PYMNTS

AUGUST 4, 2020

“Wawa continues to test new store concepts with this latest drive-thru format, providing an opportunity for our customers to still experience and enjoy their favorite Wawa products while remaining inside their vehicle,” said Terri Micklin , Wawa’s director of construction, in a statement. “It

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Construction Planning Numbers Retail 62

PYMNTS

AUGUST 16, 2019

Late payments are a headache for any industry, but the construction sector has seen some particularly detrimental effects from cash-flow bottlenecks. the collapse of construction conglomerate Carillion pulled back the curtains on the corporate’s B2B payment practices. In the U.K.,

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Construction Communication Invoicing B2B 50

PYMNTS

SEPTEMBER 17, 2019

Keeping Construction Payments Fraud-Free. trillion construction market can have long-ranging effects. Cash flow problems can result in construction firms delaying payments to vendors, suppliers or subcontractors, which in turn can result in late delivery of supplies, therefore delaying projects from the beginning.

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Construction Accounts Payable B2B Invoicing 52

PYMNTS

OCTOBER 16, 2018

Construction FinTech has evolved to target an array of financial friction points, with delayed payments, a mountain of paperwork and a crowded supply chain of contractors and subcontractors adding hurdles in the financial supply chain.

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Construction B2B Invoicing Finance 64

PYMNTS

JUNE 12, 2018

There is a sudden surge in construction technology startups, and investors have perked up. Analysts forecasted a 40 percent increase in venture capitalist (VC) funding for construction startups between 2014 and 2017, with investments totaling $375 million last year. trillion global valuation by the end of the decade).

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Construction Profit and Loss Compliance Startups 52

PYMNTS

NOVEMBER 16, 2018

Financial solutions provider Comdata is teaming up with Computer Guidance Corporation to integrate virtual card payment functionality for the construction industry. Computer Guidance Corporation offers cloud ERP solutions for the construction sector. On Thursday (Nov.

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Construction Accounts Payable Reconciliations B2B 49

PYMNTS

SEPTEMBER 25, 2019

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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Construction Budgeting Cost Management Technology 43

PYMNTS

APRIL 25, 2019

However, according to Keith Holmes, VP of operations at equipment rental platform BigRentz , in the last several years, he has seen a significant shift from the purchasing model to the rental model among the construction companies that use the site. “We’ve seen a big shift. Rental Pains.

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Construction Finance Economics Invoicing 49

PYMNTS

MARCH 8, 2019

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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Construction B2B Invoicing Benchmarking 50

PYMNTS

MARCH 8, 2018

Credit underwriting is more reliant than ever on Big Data, and one of the industries in which this is most pronounced is the construction industry. But construction companies need financing in order to make progress on a project. But construction companies need financing in order to make progress on a project. It doesn’t matter.

Construction 40

Construction Benchmarking Technology B2B 40

PYMNTS

APRIL 23, 2019

construction giant Carillion, the case continues to make headlines. The case pointed a spotlight on the construction industry’s struggles with timely vendor payments, and the financial consequences that delayed and late payments can have not only on a supplier base, but also on the corporate customer. construction sector.

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Construction B2B Invoicing Accounting 49

PYMNTS

NOVEMBER 15, 2017

The latest research in B2B payment practices within the construction sector isn’t good: Two-thirds of small- and medium-sized businesses (SMBs) surveyed by the U.K. Just days after the FMB published its findings, invoice payment firm Nvoicepay announced a partnership with Viewpoint , a software firm targeting the construction space.

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Construction Accounts Payable Invoicing B2B 43

PYMNTS

FEBRUARY 24, 2020

Consumers are taking home improvement projects into their own hands, and they are tackling construction work instead of turning to others for help. The company’s target market, Slingerland said, is anyone who is interested in DIY and building as well as woodworkers, builders and construction workers.

Construction 58

Construction eCommerce Budgeting Marketing 58

CFO Dive

JULY 24, 2023

E-commerce and warehouse construction activity are showing signs of recovery, which could lead to increased demand for automation tools, according to Interact Analysis.

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Construction 220

PYMNTS

JULY 10, 2018

Visit a construction job site and – along with the water coolers, chain link fences, portable toilets and tools – chances are you will come across stacks of papers, including plans, permits and invoices. The cost of late payments in commercial construction runs $40 billion annually, according to one recent industry report.

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Construction Invoicing Budgeting Technology 42

PYMNTS

MAY 10, 2018

s largest contractor, construction conglomerate Carillion , new data shows a major spike in the number of construction companies facing financial struggles. Nearly three-quarters of the 400 small construction businesses surveyed are facing severe financial challenges. Following the collapse of the U.K.’s

Construction 41

Construction B2B Numbers 41

PYMNTS

DECEMBER 1, 2016

28) concluded that 55 percent of companies in the construction subcontracting industry feel powerless to influence the payment terms of their contracts with larger construction companies. The issue of late payments continues to impact this industry, despite earlier action taken by the Construction Leadership Council. ”

Construction 52

Construction B2B Profit and Loss Economics 52

PYMNTS

JANUARY 10, 2018

There are a lot of factors that make B2B payments in the construction industry a challenge. “Something unique about payment in construction is that it’s different than just getting money from point A to point B,” he continued. Construction used to be an industry in which agreements were made on handshakes.

Construction 49

Construction B2B Accounts Payable Communication 49