Are you tired of late payments?

A recent article from Pymnts shared that the delayed payments cost construction businesses $273 billion in 2023 – almost 14% of total construction costs for the year. That’s a significant amount. However, the construction industry isn’t the only one that struggles with cash flow and late payment issues. Many industries and companies do. So, what can these organizations do to reduce late payment issues? Digital payment tools may be the answer. These tools can make it easier to automate payments to go out on time or when capital is available, reducing late payment costs, and improving relationships with suppliers!