Siteline’s Post

Did you know that the average construction company has to wait 83 days to get paid? It's a complex world when it comes to payments in the construction industry, but Bottomline's Paul McMeekin is breaking it down for us. Check out his article for insights on why getting paid isn't always straightforward and tips on how to improve efficiency. 💸👷♂️ #ConstructionIndustry #PaymentDelays

Did you know that the average construction company has to wait 83 days to get paid? It's a complex world when it comes to payments in the construction industry, but Bottomline's Paul McMeekin is breaking it down for us. Check out his article for insights on why getting paid isn't always straightforward and tips on how to improve efficiency. 💸👷♂️ #ConstructionIndustry #PaymentDelays

Construction Dive report-late payments cost construction industry $208B in 2022: https://bit.ly/3OgbGMK Our book "Do As I Say, Not As I Did!" in the chapter on Financial Success we wrote about the importance of real cash flow. To find out buy our book at https://bit.ly/3gdmfUu

Construction Dive report-late payments cost construction industry $208B in 2022: https://bit.ly/3OgbGMK Our book "Do As I Say, Not As I Did!" in the chapter on Financial Success we wrote about the importance of real cash flow. To find out buy our book at https://bit.ly/3gdmfUu

While construction methods have advanced, payment processes lag behind—which is particularly detrimental to #subcontractors. In her latest article, Gloria Lin, our founder and CEO, explores the root causes of this issue and reveals how Siteline is modernizing these workflows for faster, more predictable payments. https://buff.ly/3UW2P84 #construction #constructionaccounting #contech

Are Late Payments Holding Back Your Construction Business? Despite soaring revenues fueled by recent industry tailwinds, many contractors still face frustrating hurdles: late payments, delayed timelines, and complex payment systems. We dive into the challenges contractors are tackling when it comes to cash flow—and how a better understanding of payment processes can make all the difference. 💡 Key takeaways from the video: 👉 Only 5% of subcontractors report being paid on time! 👉 How slow payments impact project schedules and business operations. 👉 Pro tips to protect your cash flow: leverage new technology, explore bespoke credit solutions, and take charge with proactive cash flow management during the bidding stage. We help contractors solve these challenges with tailored services that improve cash flow, streamline payment processes, and keep projects moving forward. Disclaimer: Any estimates and projections offered herein are forward – looking statements and not guarantees of future performance. Undue reliance should not be placed on them, and all should expect that anticipated events and circumstances shall not occur, that unanticipated events and circumstances shall occur, and that actual results shall likely vary. Securities offered through GT Securities, Inc., member FINRA, SIPC. GT Securities Inc. is not affiliated with any other entities identified in this communication. Nothing in this document should be construed as a general offering or solicitation to purchase or acquire any securities.

Construction Dive report-late payments cost construction industry $208B in 2022: https://bit.ly/3OgbGMK Our book "Do As I Say, Not As I Did!" in the chapter on Financial Success we wrote about the importance of real cash flow. To find out buy our book at https://bit.ly/3gdmfUu

Construction Dive report-late payments cost construction industry $208B in 2022: https://bit.ly/3OgbGMK Our book "Do As I Say, Not As I Did!" in the chapter on Financial Success we wrote about the importance of real cash flow. To find out buy our book at https://bit.ly/3gdmfUu

Did you know that the average construction company has to wait 83 days to get paid? It's a complex world when it comes to payments in the construction industry, but Bottomline's Paul McMeekin is breaking it down for us. Check out his article for insights on why getting paid isn't always straightforward and tips on how to improve efficiency. 💸👷♂️ #ConstructionIndustry #PaymentDelays

The cash flow needs of construction are frequently discussed, but few truly understand the ramifications of not addressing this problem. We spoke with Construction News to raise awareness about the many challenges and explain how Copay addresses the industry’s deeply-rooted financial issues.