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Late payment in the construction industry has always been a problem but it appears that the situation has become worse following the coronavirus pandemic. In a survey carried out by Lloyds Bank...
The nature of construction means that the processing of invoices is a major issue for businesses. The manual processing of hundreds or thousands of...
Since the start of 2021, businesses within the construction sector have been dealing with reforms to the Prompt Payment Code.
Over the last few years, the UK government has introduced several reforms to the Prompt Payment Code - an initiative designed to speed up cash flow in UK industry. And this means that the question of...
In the past decade, we have seen a major improvement in payment terms throughout the construction supply chain.
Good supplier relationships are vital in construction. By managing suppliers, understanding how they work and measuring supplier performance, you can be much more confident that your supply base can...
Procurement is an important function within any business, playing a key role in ensuring that the right items are available at the right time and the right price.
In sectors such as construction,...
E-invoicing is significantly improving processes in construction accounts payable departments. Let’s see how.
The construction industry is capable of incredible things, but companies in the sector often find themselves hamstrung by laborious administrative tasks.
Since the start of 2021, businesses within the construction sector have been dealing with reforms to the Prompt Payment Code.
Despite the significant time, money and resource savings they can deliver, some businesses still allow misconceptions to hold them back from embracing true e-Invoicing platforms.
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