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Katz, Sapper & Miller (KSM) has been named one of The Top 50 Construction Accounting Firms in the country by Construction Executive (CE) magazine MORE
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. These innovations are how we continue to transform the construction industry with cutting-edge technology.”. MORE
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. A construction company that secures a contract from a nationwide company like Walgreens or Walmart may have to rent the same type of equipment at multiple locations in the U.S. MORE
Today in B2B payments, Billd talks construction cash flow predictability, and Bill.com strikes an accounts receivable acquisition. Construction Cash Flow Health Is Built on Payments Predictability, Not Speed. MORE
GoFor Industries , which works as a last-mile, on-demand, same-day delivery logistics marketplace, is partnering with QuoteToMe , which works on digitizing procurement and finances for the construction industry, a press release says. MORE
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. Construction is an industry with many moving parts, with contractors, subcontractors and suppliers all sending receipts and invoices back and forth. MORE
construction is in the midst of a roller coaster of disruption. Demand for building is on the rise, and these projects need financing, but for construction lenders to juggle the myriad factors influencing borrowing needs and risk profiles is no easy feat. MORE
With the construction industry closing in on a decade of strong performance, all levels of employees should be aware of these threats and the costs of recovery (in both time and expense Wherever financial information and funds flow, there is the potential for losses caused by cyberattacks, fraud, and embezzlement. MORE
47 News MORE
83 
INDOT’s Prequalification Division has released updated guidance for construction contractors who need to submit Statements of Experience and Financial Condition MORE
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. There is widespread opportunity for FinTech to enhance visibility into the B2B payments process in the construction space, promote faster electronic payments and boost cash flow visibility. MORE
Rising supply and demand throughout the construction industry can be a fickle beast for the builders, contractors, buyers and suppliers operating in the space. MORE
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 MORE
As an owner of a construction company, managing various elements from the field is necessary, and Xero accounting for construction companies can help. MORE
In the construction industry, the ERP is especially valuable considering the complex network of collaborators, and subsequent high volume of data, involved in a single project. According to Satran, there are three main roles the ERP plays for construction firms today. MORE
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. The Bureau of Labor Statistics found that the average annual salary for construction workers is $34,810. The $1.8 MORE
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. According to Yaser Masoudnia , CEO of LinqPal , which launched last month, this legacy B2B payments framework is just one example of the variety of legacy payment workflows upon which the construction industry relies. Net terms are a staple in the B2B payments arena. MORE
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. Other construction firms like Procore and FLUX have earned multimillion dollar funding rounds from big-name VCs, too, as innovators tackle the nuanced complexities of an industry. MORE
Fraud is costly for all victimized companies, but it’s even worse in the construction sector. Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud. Fraud Briefs Construction Company Fraud MORE
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. Just a few months later, Welsh construction giant Dawnus met its demise, again calling to light the troubling practice of delaying payments to suppliers and subcontractors, often small businesses. MORE
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. MORE
Tracy Coenen talks about the prevalence of fraud allegations related to construction projects and the work a forensic accountant can do in construction claims. The construction analysis includes a comparison of the following numbers: Total expected cost of the project. MORE
In order to keep our clients and friends safe and healthy during the COVID-19 crisis while still providing a forum for open discussion, Katz, Sapper & Miller’s Construction Services Group has temporarily moved our usual in-person Viewpoint Construction Software® Local User Group Meeting to a virtual event on June 17 from 2:00-4:00 p.m. EDT. MORE
57 Katz, Sapper & Miller (KSM) has been named one of The Top 50 Construction Accounting Firms in the country by Construction Executive (CE) magazine MORE
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. In today’s highly interconnected ecosystem, businesses rely on many other companies to keep their operations running smoothly. MORE
home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. Economy economy home construction NAHB News What's Hot ZillowFor the first time since U.S. MORE
Katz, Sapper & Miller’s Construction Services Group will host a Viewpoint Construction Software® Local User Group Meeting Oct. 3 in Indianapolis MORE
40 
Katz, Sapper & Miller’s Construction Services Group will host a Viewpoint Construction Software® Local User Group Meeting Feb. 11 in Indianapolis MORE
53 To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. B2B Payments accounts payable AP automation B2B Centsoft construction invoice automation News What's Hot In B2B MORE
KSM’s Construction Services Group will host a Construction Industry Update Aug. 15 in Indianapolis and Fort Wayne, IN MORE
43 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. According to construction loan automation software company Rabbet , the vast majority of subcontractors get paid far beyond their net 30 terms. What’s more complicated than a B2B transaction? MORE
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. Nearly two years have passed since U.K. MORE
The construction industry has garnered a notorious reputation for its B2B payment challenges. Having industry-specific expertise when tackling cash flow pain points can be essential for FinTech solutions of all kinds, and that includes the construction industry. MORE
Katz, Sapper & Miller’s Construction Services Group will host a Viewpoint Construction Software® Local User Group Meeting Feb. 4 in Indianapolis MORE
40 
If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. Generally, a business that considers themselves in the construction industry is performing a service and most services are excluded from sales and use tax. That might be true in some states but different states have different rules when it comes to construction services. MORE
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. In a press release issued on Monday (April 22), Sage announced an integration between its Sage 300 Construction Real Estate platform and a benchmarking tool that is widely used in the industry. MORE
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. There are many more layers to that, and there are a lot of expensive risks with construction.” In order to change B2B payments in construction, the industry’s culture has to change, said Wolfe. MORE
Katz, Sapper & Miller’s Andrew Goodman will speak at the AssuredPartners Construction Industry Seminar. 19 in Indianapolis, the seminar brings construction professionals together to discuss trending topics in the industry including the legal, financial, and operational risks that construction firms face Taking place Nov. MORE
’s construction industry continues to struggle with late supplier payments, a new commercial card product from Barclaycard aims to address some of the cash flow issues among small businesses (SMBs) in the sector. In collaboration with construction materials supplier Travis Perkins and retailer Toolstation , Barclaycard’s new line of commercial cards targets SMBs in the construction sector with an extended interest-free period. ’s construction sector. MORE
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. Our name represents our commitment to strengthening connections in the real estate industry and fueling today’s connected construction economy. MORE
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. MORE
Construction Related Topics RogerRossmeisl
AUGUST 9, 2021
Fraud is costly for all victimized companies, but it’s even worse in the construction sector. Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud. Fraud Briefs Construction Company Fraud
TaxConnex
OCTOBER 29, 2020
If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. Generally, a business that considers themselves in the construction industry is performing a service and most services are excluded from sales and use tax. That might be true in some states but different states have different rules when it comes to construction services.
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FraudFiles
MARCH 3, 2021
Tracy Coenen talks about the prevalence of fraud allegations related to construction projects and the work a forensic accountant can do in construction claims. The construction analysis includes a comparison of the following numbers: Total expected cost of the project.
PYMNTS
DECEMBER 28, 2020
In the construction industry, the ERP is especially valuable considering the complex network of collaborators, and subsequent high volume of data, involved in a single project. According to Satran, there are three main roles the ERP plays for construction firms today.
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. B2B Payments accounts payable AP automation B2B Centsoft construction invoice automation News What's Hot In B2B
PYMNTS
JULY 8, 2021
construction is in the midst of a roller coaster of disruption. Demand for building is on the rise, and these projects need financing, but for construction lenders to juggle the myriad factors influencing borrowing needs and risk profiles is no easy feat.
Katz,Sapper&Miller
AUGUST 5, 2020
Katz, Sapper & Miller (KSM) has been named one of The Top 50 Construction Accounting Firms in the country by Construction Executive (CE) magazine
Katz,Sapper&Miller
DECEMBER 11, 2019
Katz, Sapper & Miller’s Construction Services Group will host a Viewpoint Construction Software® Local User Group Meeting Feb. 11 in Indianapolis
FusionCPA
SEPTEMBER 9, 2020
As an owner of a construction company, managing various elements from the field is necessary, and Xero accounting for construction companies can help.
Katz,Sapper&Miller
NOVEMBER 14, 2019
Katz, Sapper & Miller’s Andrew Goodman will speak at the AssuredPartners Construction Industry Seminar. 19 in Indianapolis, the seminar brings construction professionals together to discuss trending topics in the industry including the legal, financial, and operational risks that construction firms face Taking place Nov.
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. In a press release issued on Monday (April 22), Sage announced an integration between its Sage 300 Construction Real Estate platform and a benchmarking tool that is widely used in the industry.
|
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. In today’s highly interconnected ecosystem, businesses rely on many other companies to keep their operations running smoothly.
Katz,Sapper&Miller
JULY 31, 2019
KSM’s Construction Services Group will host a Construction Industry Update Aug. 15 in Indianapolis and Fort Wayne, IN
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. Our name represents our commitment to strengthening connections in the real estate industry and fueling today’s connected construction economy.
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. Economy economy home construction NAHB News What's Hot ZillowFor the first time since U.S.
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. Just a few months later, Welsh construction giant Dawnus met its demise, again calling to light the troubling practice of delaying payments to suppliers and subcontractors, often small businesses.
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. Nearly two years have passed since U.K.
PYMNTS
JULY 20, 2021
The construction industry has garnered a notorious reputation for its B2B payment challenges. Having industry-specific expertise when tackling cash flow pain points can be essential for FinTech solutions of all kinds, and that includes the construction industry.
Katz,Sapper&Miller
AUGUST 18, 2019
Katz, Sapper & Miller (KSM) has been named one of The Top 50 Construction Accounting Firms in the country by Construction Executive (CE) magazine
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. According to construction loan automation software company Rabbet , the vast majority of subcontractors get paid far beyond their net 30 terms. What’s more complicated than a B2B transaction?
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.
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. According to Yaser Masoudnia , CEO of LinqPal , which launched last month, this legacy B2B payments framework is just one example of the variety of legacy payment workflows upon which the construction industry relies. Net terms are a staple in the B2B payments arena.
PYMNTS
JUNE 2, 2021
Rising supply and demand throughout the construction industry can be a fickle beast for the builders, contractors, buyers and suppliers operating in the space.
PYMNTS
JULY 20, 2021
Today in B2B payments, Billd talks construction cash flow predictability, and Bill.com strikes an accounts receivable acquisition. Construction Cash Flow Health Is Built on Payments Predictability, Not Speed.
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. Other construction firms like Procore and FLUX have earned multimillion dollar funding rounds from big-name VCs, too, as innovators tackle the nuanced complexities of an industry.
Katz,Sapper&Miller
MAY 24, 2019
With the construction industry closing in on a decade of strong performance, all levels of employees should be aware of these threats and the costs of recovery (in both time and expense Wherever financial information and funds flow, there is the potential for losses caused by cyberattacks, fraud, and embezzlement.
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
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. The Bureau of Labor Statistics found that the average annual salary for construction workers is $34,810. The $1.8
Katz,Sapper&Miller
APRIL 1, 2020
INDOT’s Prequalification Division has released updated guidance for construction contractors who need to submit Statements of Experience and Financial Condition
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. There are many more layers to that, and there are a lot of expensive risks with construction.” In order to change B2B payments in construction, the industry’s culture has to change, said Wolfe.
Katz,Sapper&Miller
DECEMBER 18, 2018
Katz, Sapper & Miller’s Construction Services Group will host a Viewpoint Construction Software® Local User Group Meeting Feb. 4 in Indianapolis
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. There is widespread opportunity for FinTech to enhance visibility into the B2B payments process in the construction space, promote faster electronic payments and boost cash flow visibility.
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.
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. These innovations are how we continue to transform the construction industry with cutting-edge technology.”.
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. A construction company that secures a contract from a nationwide company like Walgreens or Walmart may have to rent the same type of equipment at multiple locations in the U.S.
Katz,Sapper&Miller
JUNE 2, 2020
In order to keep our clients and friends safe and healthy during the COVID-19 crisis while still providing a forum for open discussion, Katz, Sapper & Miller’s Construction Services Group has temporarily moved our usual in-person Viewpoint Construction Software® Local User Group Meeting to a virtual event on June 17 from 2:00-4:00 p.m. EDT.
PYMNTS
JUNE 22, 2018
’s construction industry continues to struggle with late supplier payments, a new commercial card product from Barclaycard aims to address some of the cash flow issues among small businesses (SMBs) in the sector. In collaboration with construction materials supplier Travis Perkins and retailer Toolstation , Barclaycard’s new line of commercial cards targets SMBs in the construction sector with an extended interest-free period. ’s construction sector.
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. Construction is an industry with many moving parts, with contractors, subcontractors and suppliers all sending receipts and invoices back and forth.
Katz,Sapper&Miller
AUGUST 9, 2019
Katz, Sapper & Miller’s Construction Services Group will host a Viewpoint Construction Software® Local User Group Meeting Oct. 3 in Indianapolis
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