Late Payments Plague 100% of Construction Companies

Working Capital Tracker®: Late Payments Across Verticals: The Good, the Bad and the Ugly

Timely payments are crucial for any company’s stability, especially in industries like construction and healthcare, where persistent payment delays wreak havoc on operations. This edition of the “Working Capital Tracker®,” a collaboration with Billtrust, examines the state of B2B payments in the construction, healthcare and retail sectors and how strategies such as real-time rails and automated claims management can help firms in these industries improve their prospects of getting paid on time.

Inside the December Tracker
  • Retailers are looking to accelerate their B2B payments even further with real-time payments.
  • Nearly one-third of healthcare providers are owed more than $100,000 from insurers.
  • Massive payment delays in the construction sector cause catastrophic downstream effects, including missed deadlines, unpaid workers and a host of other issues.

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    Billtrust Working Capital Tracker Series

    Working Capital Tracker®: Tapping AI’s Potential for AR Optimization
    Demystifying AI’s Capabilities for Use in Payments
    Automation Clears the Path to Getting Paid on Time
    Can Automating Working Capital Insulate Businesses From an Economic Downturn?