Yooz, an accounts payable (AP) platform and Raistone partner, recently hosted a webinar, Building Success: Mastering Construction Cash Flow Management with AP Automation. The session — hosted by Tim Teeter, Head of Partner Alliances at Yooz — brought together Kevin O’Shea, CEO of Shamrock Electric Co. and Terry Pierce, Director of Alliances at Raistone to discuss some of the most pressing challenges in construction.
Managing cash flow is a never-ending balancing act for businesses in the construction sector. Between delayed payments from project owners and general contractors, the need to pay suppliers and staff on time, and the complexities of project-based accounting, cash flow hardships are an unfortunate reality for many.
Raistone’s Terry Pierce shared insights into how strategic financing and automation can work in tandem to create a seamless AP process. He explained that automation not only improves efficiency but also provides construction companies with a clear view of their financial standing.
Kevin O’Shea explained how Shamrock Electric had been facing the same cash flow challenges many construction companies deal with prior to working with Raistone. Kevin’s firsthand experience underscored how early pay solutions empower companies to make smarter financial decisions.
For construction industry leaders, embracing automation and capital strategy is essential to stay competitive in today’s fast-paced and increasingly digital business environment.
If you missed the live session or want to learn more about how AP automation can improve cash flow management for your construction business, the webinar is available on-demand.
You can also connect with one of our financial experts by calling 888-626-6593 or completing this form.
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