5 Pillars of Payment Automation in Construction

5 Pillars of Payment Automation in Construction

How do you make your company’s back-office procedures more efficient without disrupting your team or breaking the bank?

In the last three years, construction industry leaders have recognized the need to incorporate newer back-office technologies that support their growing on-site requirements. With so many AP departments functioning under decades-old practices, the road to automation can be bumpy.

Construction businesses usually operate within very thin margins, so money reserved to upgrade the back office is often reallocated to support on-site needs. The trick is to support your back office in a way that drives savings and rebates.

This white paper examines five major topics that construction business owners should consider prior to choosing an electronic back-office method:

  • Error and data burdens
  • Productive workflows
  • Vendor and subcontractor relationships
  • Security, risk, and fraud
  • Long-term growth

Also included is a list of questions you can ask prospective automation solution providers to get your payment automation journey started off on the right foot.

Download the 5 Pillars of Payment Automation in Construction white paper.

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