Perficient

MARCH 17, 2023

Blockchain solutions can also make use of smart contracts which are automatically triggered when pre-defined business conditions are met. What weight of concrete had been poured during the construction of the beam? All deliveries, including construction, would be ordered, recorded, and paid in the same blockchain.

blockchain 275

blockchain Management Data Security 275

Abrigo

FEBRUARY 14, 2024

Construction companies are still struggling to cope with the impacts of higher interest rates and costs, and they are paying more to attract and retain workers, according to the Associated General Contractors of America (AGC). CRE trends and indicators What are the signs of potential CRE risk?

Risk Management 195

Risk Management Management Lending Capital 195

PYMNTS

DECEMBER 15, 2020

This is the key takeaway from a study of 2,203 small to large businesses representing a variety of sectors. This shift is particularly apparent among businesses in technology, healthcare and construction industries. percent of firms in the construction sector, yet 28.2 percent of healthcare firms and 26.3

Study 277

Study Payments Maine Technology 277

Abrigo

SEPTEMBER 7, 2023

Court case: Credit union held liable for ACH fraud losses A construction company argued the financial institution "failed to establish a reasonable routine" for monitoring suspicious activity alerts tied to ACH. The plaintiff is a construction company that fell victim to ACH fraud initiated by business email compromise.

Fraud 221

Fraud Training System Trends 221

Commercial Lending USA

FEBRUARY 3, 2023

Hard money new construction loans is usually a short-term loan that is backed by the property that is being built. Most of the time, developers and builders

Lending 52

Lending 52

PYMNTS

JANUARY 20, 2021

In announcing its fiscal second-quarter results, the Cincinnati-based consumer goods giant also credited its “constructive disruption” strategy for a 15 percent jump in earnings, which also allowed it to increase its full-year forecast. Constructive Disruption. eCommerce Soars.

Online 292

Online Report Strategy Trends 292

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. These strains are prompting more construction firms to turn to faster, digital means of conducting their B2B transactions. How Virtual Cards Help Build Better Construction Pr ocurement.

Cards 160

Cards Payments Groups Tools 160

Perficient

FEBRUARY 7, 2023

While a customer receiving a pizza made cold by a lagging delivery driver may be an insignificant issue to the average person, imagine you’re a construction manager paying union wages for a full crew while you await the arrival of cement trucks. Think the transparency of data would ease that construction manager’s day?

blockchain 275

blockchain Management Data Meeting 275

Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. You might also like this guide for smarter, faster small business lending.

Lending 195

Lending Trends Capital Strategy 195

TheGuardian

JANUARY 8, 2024

Sergey Kolesnikov, originally from Russia but now a Maltese citizen under its “golden passport” scheme is estimated to be worth $1.2bn (£940m) as a result of the building materials business he co-founded. Continue reading.

US 109

US 109

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. WATCH WEBINARS Takeaway 1 All businesses perform industry analysis, but financial institutions in particular must know their customers' competitive landscape.

Analysis 195

Analysis Industry Risk Management Lending 195

PYMNTS

SEPTEMBER 20, 2019

construction market is on track to reach $1.8 In order for construction firms, contractors and subcontractors to succeed in this market, projects must be completed on time and within a fixed budget. Keeping track of cash flow and spending will be essential for construction firms that are active in the growing market.

Cards 116

Cards Management Analytics Marketing 116

Independent Banker

MAY 31, 2022

In the highly competitive mortgage arena, bankers are looking for strategies that will give them an edge in capturing business as originations pull back from peak levels. Mortgage business also creates opportunities to attract new customers, build relationships and bring new deposits to the bank and cross-sell products. Quick Stat.

Community Bank 185

Community Bank Community Lending Marketing 185

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.

Tools 108

Tools Management Software Training 108

PYMNTS

SEPTEMBER 23, 2019

Last week’s launch of the Mastercard Track Business Payment Service, designed to automate payments between the world’s suppliers and buyers, is just one sign that B2B payments are changing. This digital shift hasn’t affected all businesses equally, though. In the U.S., In the U.S., percent from 2018 to 2022. Freeing Up Cash Flow.

Industry 169

Industry Cards Software Phoenix 169

Abrigo

APRIL 7, 2023

Takeaway 3 Abrigo staff can partner with your institution to present a customized business case for loan review automation. Reduce manual processes Making a case for loan review automation software Building a business case for most software purchases can feel like a daunting task.

Software 195

Software Lending System Risk Management 195

South State Correspondent

FEBRUARY 24, 2020

PROTECTING BANK MARGINS We have written numerous blogs about why banks should reconsider the risk-for-yield business model when it comes to credit or interest rate risk. The return on equity (ROE) in risk-for-yield businesses is low, and the business outcomes during downturns are adverse.

195

195

South State Correspondent

SEPTEMBER 27, 2023

Ask most banks how they construct their lending portfolio, and they say that “it is what the market gives them.” For the sake of risk categorizations, we included owner-occupied commercial real estate in the commercial and industrial (C&I) loan category since the risk mainly depends on a particular business’s operations.

Lending 195

Lending US Marketing Capital 195

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.

Software 172

Software Resources Management System 172

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. Centsoft connects with different enterprise resource planning (ERP) technologies like SAP Business One, NetSuite, Dynamics 365 and QuickBooks.

Industry 189

Industry Software Resources America 189

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. In the U.K.,

Payments 125

Payments Industry Management Data 125

PYMNTS

FEBRUARY 24, 2020

small businesses, and fraudsters are taking advantage. In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Tax season is upon U.S.

Taxes 164

Taxes Fraud Puerto Rico North Carolina 164

Perficient

FEBRUARY 10, 2021

It is not just an application, but also an enabler of a perfect opportunity to connect the dots between people, process, and technology within a commerce business. Buyers expect a B2C-like experience, and B2B is complex and has several nuances depending on the respective business models of each company. PIM is the foundation.

Strategy 508

Strategy Management Marketing Strategies Online 508

PYMNTS

JANUARY 5, 2020

s Crown Commercial Service (CCS) announced that Britain’s biggest construction company Balfour Beatty would be hired, even though it was among major construction firms that were recently punished for failing to pay suppliers on time, according to The Construction Index. SMBs account for 86 percent of the workforce in the U.K.

Payments 131

Payments Company Report 131

PYMNTS

MAY 29, 2019

Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations, inventory, expansion and other mission-critical business activities. and global economy. Growth Phase. and other countries.

Lending 221

Lending Capital Operations Community 221

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.

Payments 161

Payments Fintech Lending Management 161

Abrigo

MARCH 2, 2023

If the economy downshifts, executives and their staff may be so busy putting out figurative fires in credit or lending that they lack time to assess vendors and initiate technology changes that can help them manage at scale during and after any recession.

Technology 195

Technology Lending Community Software 195

PYMNTS

JULY 28, 2019

Jack Ma ’s MYbank is aiming to change the way China lends to small businesses. Non-state firms — mostly small businesses — make up about 60 percent of growth and employ 80 percent of workers. It’s a profitable business as long as you can keep the risks in check,” said Zhang Gengsheng, a vice president at Construction Bank in Beijing.

Digital Banking 198

Digital Banking Lending Risk Management Capital 198

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. “This offering is our latest commitment to helping construction firms improve their financial health.” In the U.S.,

Survey 115

Survey Industry Software Trends 115

PYMNTS

SEPTEMBER 24, 2020

Businesses that wish to start purchasing from new suppliers must first collect and verify details that will help them evaluate the prospective partners’ capabilities and confirm that they are not criminally involved. Corporate buyers must gather a variety of details from new suppliers before doing business with them.

Report 269

Report Payments Tools Video 269

PYMNTS

MARCH 30, 2020

Cash flow has never been more critical to businesses as it is right now, and both the private and public sectors are taking action to ensure B2B payments continue to flow through the supply chain. million businesses in the U.K. In the U.K.,

Payments 223

Payments Marketing Retail Report 223

PYMNTS

AUGUST 23, 2019

As reported by The Business Times , in Singapore, Tin Men Capital, a venture capital firm focused on B2B tech startups, led a $5 million Series A funding round to invest in RateIt. The platform provides omnichannel microsurveys that help spotlight “real time sentiment analysis” that lets businesses gain actionable insights.

Online 179

Online Metro Capital Customer Experience 179

South State Correspondent

NOVEMBER 13, 2023

How The Loan Proposal Generator Works Because competition is intense for deposit-rich clients and every lender is looking for a competitive advantage, at SouthState Bank, we strive to develop tools to help our bankers retain profitable customers and win more loan business.

Tools 195

Tools Online Marketing Community 195

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. What’s important to acknowledge, however, is that malicious late payments are not the norm for the construction sector.

Payments 130

Payments Industry Tools Capital 130

PYMNTS

JULY 20, 2020

Bloomberg News reported 13,358 units were under construction in the Toronto area in the second quarter, a nearly 40-year high, according to research from Urbanation Inc. , But builders insist they are not planning to slow construction. the Toronto-based real estate consulting firm.

Arizona 130

Arizona Maine Online Marketing 130

PYMNTS

JANUARY 14, 2021

Although the prospect of COVID-19 vaccines has bolstered business optimism for 2021 growth, this has been tempered by concern over the recent virus resurgence and the implications for near-term business conditions,” according to the report. . Commercial real estate remained flat.

Report 159

Report Survey Regional Industry 159

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. ’s construction sector. ’s construction sector. As the U.K.’s

Cards 117

Cards Retail Maine Industry 117