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"7 Construction Cash Flow Pain Points & How to Alleviate Them"

This playbook explores how automating AP can help alleviate the seven most common cash flow pain points.

Slow payments cost U.S. construction companies $208 billion dollars every year, with nearly 40% of contractors reporting that work has been delayed or stopped due to late payments. The reason for this cash flow bottleneck? Outdated manual invoicing systems that are prone to error and inefficiency. 

Forward-thinking construction companies are abandoning their cumbersome, outdated and costly manual systems and turning instead to automated AP systems — which leverage AI and machine learning to systemize and digitize the purchase-to-pay process for maximum efficiency — to cut costs and stay competitive. In this playbook, we examine seven key cash flow pain points and explain how automating your AP systems can address them, including:

• Missing invoices
• Multiple work locations
• Late or missed payments

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