The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost businesses $273 billion in 2023 — representing nearly 14% of total construction costs, up from...
Virtual cards are at a tipping point. That’s the sentiment expressed by several finance leaders in the B2B space, as the current environment of stubborn inflation and strict access to capital affects the payment needs of every company, especially the middle market. When access to...
Late business-to-business (B2B) payments aren’t just a headache for the people in the accounts receivable (AR) department; for some businesses, past due payments can mean the difference between success and insolvency. AR professionals gauge the severity of late payments by measuring days sales outstanding (DSO), a metric...
Eight in 10 small- to medium-sized businesses (SMBs) get paid via ad hoc payments for the goods and services they provide to larger organizations. The PYMNTS Intelligence’s study “How Instant Ad Hoc Payment Costs Impact Small SMBs” drew from a survey of 200 U.S. enterprises...
May 09, 2024
Increasingly, small- to mid-sized businesses (SMBs) operating in the healthcare field are using real-time payment technology to improve cash flow efficiency. Thirty-eight percent of the healthcare SMBs PYMNTS Intelligence surveyed for “Small Business Real-Time Payments Barometer: Healthcare Edition” said real-time payments were their most-used payment method, with instant bank account-to-account payments (15%) and instant PayPal (13%) topping the list of preferred […]
May 09, 2024
The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost...
May 07, 2024
Virtual cards are at a tipping point. That’s the sentiment expressed by several finance leaders in the B2B space, as the current environment of stubborn inflation and strict access to...
December 15, 2023
Late payments and transaction errors run rampant in the construction industry. The sector’s days sales outstanding (DSO) — a measurement of how long a company waits to receive payment for...
December 29, 2023
Digital technologies are being built to help solve one of the key challenges facing the construction industry: delayed payments. The construction industry’s days sales outstanding (DSO) stands at 94 days, according to “Under Construction: Improving Payments in the Construction Industry,” a PYMNTS and Ingo Money collaboration. Those payment delays impact general contractors, subcontractors, vendors, workers […]
December 18, 2023
Alternative Payments has launched a product designed to improve the accounts receivable (AR) collections process for services companies. The new Collections Assist product joins the company’s B2B payments and checkout infrastructure offerings,...
December 05, 2023
Revenue acceleration platform Capchase has debuted an invoice collection tool for Software-as-a-Service (SaaS) companies. Capchase Collect is designed to help further the company’s goal of helping SaaS firms manage revenue, access non-dilutive capital,...
September 12, 2023
The European Commission (EC) has proposed that all small and medium-sized businesses (SMBs) must be paid within 30 days. The new proposal for regulation on late payments in commercial transactions says that...
