Five Tips to Protect Your Construction Business Against Financial Fraud
According to the 2019 AFP Payments Fraud and Control Survey, 82% of organizations reported fraud incidents in 2018, and 43% experienced direct financial loss as a result. The construction industry isn’t exempt—56% of fraud cases are directly related to billing and check/payment, and the median loss reached approximately $250,000 in more than 40 fraud cases. […]
Construction Executive’s 2022 Q3 Construction Economic Update and Forecast
Anirban Basu, chief economist for Associated Builders and Contractors, returns for an economic update for the third quarter of 2022 as he reviews both the general economy and construction-specific metrics in an accessible and entertaining presentation. Join this webinar to hear up-to-the-minute economic insights—from the latest on inflation, to the impact of the Federal Reserve’s […]
Construction Executive’s 2023 Q3 Construction Economic Update Forecast
Join the “2023 Q3 Construction Economic Update and Forecast” presented by Anirban Basu, chief economist for Associated Builders and Contractors, happening on Sept. 27 at 2 p.m. ET (11 a.m. PT). Basu will offer insights into the recent performance of the U.S. economy as well as short- and longer–term outlooks designed specifically for commercial contractors […]
How Labor Shortages and Virtual Work Are Changing Purchase-to-Pay Processes
Associated Builders and Contractors projects that the construction industry will need to add an estimated 546,000 workers on top of the normal pace of hiring in 2023 to meet demand. But research reveals that many construction companies are having a hard time filling their salaried and hourly craft positions. As a result, they’re looking for […]
Optimize Your Time and Reduce Costs With Payment Automation
Technology is changing the way we do business, and the way your bills are received and paid is no exception. Automating this process saves your company significant time and cuts costs by 60 percent or more—not to mention how convenient it is for employees who are constantly in the field. Join us for this interactive […]
How to Build Better Relationships with Vendors through Electronic Payments
With electronic payments, your vendors can get paid faster and more accurately with excellent remittance details. Your team and vendors also can go online to see the status of payments, giving you greater visibility into your processes. Additionally, ePayments reduce your susceptibility to late fees.
Top Three Reasons Construction Companies Are Making the Shift Toward Electronic Payments
Join us for this webinar to discover the top 3 benefits construction companies can receive from automating: the ability to grow construction revenue without increasing overhead, minimizing the risk of check fraud and increasing the security around payments, and reduced operating costs by 60%, or more.