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.

Construction 91

Construction Technology accounts payable B2B 91

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.

AP Automation 69

AP Automation Construction Technology accounts payable 69

Accounting Seed

MAY 22, 2024

Accounting plays a crucial role in the construction industry by ensuring efficient management of resources. It streamlines this process because it’s built natively on Salesforce. After all, there are significant costs involved across every job, the two biggest being materials and labor.

accounting software 59

accounting software Construction AP Automation Account 59

Cherry Bekaert

MAY 30, 2024

As the demand for new infrastructure, commercial and residential buildings, and renovations expands, the construction industry also faces labor shortages, rising materials costs, and supply chain delays. Improved Financial Visibility Sage for Construction provides real-time visibility into your company’s financial performance.

Construction 52

Construction Technology accounts payable AP Processes 52

PYMNTS

NOVEMBER 5, 2020

Construction companies need to ensure they can swiftly purchase materials and other supplies to complete their projects and maintain steady cashflows. Many corporate buyers are finding that using paper checks increases their accounts payable (AP) expenses unnecessarily as well, and vendors often want to get paid faster than checks allow.

B2B 64

B2B AP Processes Construction accounts payable 64

PYMNTS

NOVEMBER 2, 2020

The connection will let firms that have invested in Aptean digitize their AP processes with Palette's offering. In separate news, Palette Software introduced AP automation technology that is meant for companies in the engineering and construction spaces, per news in August.

AP Automation 56

AP Automation Technology Approval Workflows AP Processes 56

PYMNTS

JULY 30, 2020

The bots use optical character recognition (OCR), natural language process (NLP), and self-learning functions in “altogether new ways,” the announcement stated. The company’s collection of AI bots for the AP process now include bots for cost allocation, fraud detection, invoice reading and inbox managing.

AP Automation 60

AP Automation Technology accounts payable AP Processes 60