News & Resources \ Blogs

In today’s competitive business landscape, efficient financial management is crucial for sustaining growth and maximizing profitability. One of the key metrics that businesses focus on is Days Sales Outstanding (DSO), which measures the average time it takes from when the work is done, to collect payment. A lower DSO not only signifies improved cash flow…

In the competitive landscape of Architecture, Engineering, Construction, and Owner (AECO) firms, efficient invoicing and accounts receivable (A/R) management are essential for sustainable growth and financial stability. Traditionally, these processes have been cumbersome, laden with manual data entry errors, invoice discrepancies, and delayed payments, thereby impeding overall operational efficiency and cash flow. However, the advent…

Electronic payment solutions continue to rise in popularity According to Nacha, who governs the ACH Network payment system, ACH B2B payments have increased 33.2% over the last two years. This is excellent news for AEC firms who rely on healthy cash flow and are tired of waiting to get paid. Electronic payments facilitate quick and…

Cashflow is the lifeblood of your business If there is one thing hampering the construction industry’s growth, it’s payment practices. On average, AEC firms wait 83 days for payment. For an industry that places such a high importance on cashflow, it’s hard to believe that firms are settling for that average. The first step to…

Let me state this upfront: I am part of a terrific software company – we make great products that help customers do fantastic things. However, I hope no one ever makes a software decision to buy our software. No, that is not a typo. I mean it. DON’T MAKE A SOFTWARE DECISION, EVER! There are…

Simplified ACH Payment process as a perfect holiday gift? Well, you deserve it this year if you have been a good accounting professional, Controller, or CFO. With fewer people working in the office, the ability to accept payments by ACH is more important than ever. According to multiple industry sources (i.e. ACH Network Volume Increases…

There is no silver bullet for running your Architecture and Engineering business. What if you could monitor and improve just one Key Performance Indicator (KPI) and improve your cash flow by as much as $1,000,000 per month? Would that be worth measuring and managing for you? Improving your Day Sales Outstanding (DSO) is critical to…