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82% of finance professionals said their company was targeted for payment fraud, according to the Association for Financial Professionals.
With more and more construction organizations striving to better protect their organizations from payment fraud, it's no wonder that paper processes are being spurned in favor of digitization. And, as technology has advanced to further allow for integration of construction payment data and workflows, contractors are now able to more closely monitor their payment data in real time, ensuring accuracy, while simultaneously speeding up payment processes.
Furthermore, modern construction AP solutions are creating new profit centers for contractors. By utilizing credit card services to pay vendors, contractors can take advantage of lucrative rebate programs — all while saving time and money associated with printing and mailing checks. This is turning AP departments from cost centers to revenue generators.
Learn more about how to reduce the risk of fraud and turn your payment process into a single step in our on-demand Take 15 webinar, “Save Time with Simplified Vendor Payments.”
You'll learn how Viewpoint ePayments can:
Learn how you can transform your AP processes and therefore, transform your construction organization. Watch the video below.
To learn more about how ePayments can help your construction organization specifically streamline the payment process, please contact us.