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How leveraging a digital payment platform in commercial construction increases speed and reduces risk

January 22, 2024

Most commercial construction businesses think about financial technology only when it comes to paying their large and often fragmented supplier base.

But the right payment solution can make the payment process more efficient while addressing other critical business challenges and improving payment visibility for all stakeholders.

Payments Matter to Everyone in Commercial Construction

General contractors aren’t the only ones that must manage, receive, and disburse payments during a commercial project. Other key stakeholders, like owners, developers, lenders, and suppliers, are just as invested in the effects of effective and secure payment processes.

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