American Express - B2B And Digital Payments Tracker: Building Better Cash Flow In Construction With Digital Payments - January/February 2023 - Explore how the construction industry is tackling the problem of slow payments and rising above challenges to drive cash flow stability and business growth

Construction Industry Late Payments Blamed on Lack of Digital Processes 

B2B And Digital Payments Tracker®: Building Better Cash Flow In Construction With Digital Payments

Late payments threaten cash flow and project completion for construction companies, with 86% reporting late payments damage productivity. In the “B2B And Digital Payments Tracker®,” a collaboration with American Express, Patricia Bonilla, owner and president of Lunacon Construction Group, explains why construction firms need to make tracking and receiv­ing payments a top priority.

Inside the January/February Tracker

  • Patricia Bonilla, owner and president of Miami-based Lunacon Construction Group, offers insight into why construction businesses need to make tracking and receiving payments a top priority
  • Delayed payments are causing headaches for contractors, subcontractors and banks, but automation and other technologies can help ease pain points
  • The pandemic added friction to B2B payments, and the construction industry saw the value in unlocking faster payments

B2B and Digital Payments