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How to take charge of your construction payment process

November 28, 2022

In the construction world, money talks but moves slowly. The average day’s sales outstanding (DSO) for the construction industry is 51 days, among the worst of any sector in the nation. While this issue has plagued the industry for decades, the adoption of technology has allowed construction companies to drastically speed up their payment workflows—including their draw request to the owner and payments to their subcontractors—without compromising internal controls.

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