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Leveraging Technology to Improve DSO in Construction Firms
Days Sales Outstanding (DSO) Â is a critical financial metric that measures how long it takes a construction company to collect payment after completing a job. High DSOÂ means your money is stuck in receivables, which significantly impacts cash flow, a vital resource in the construction industry where every project needs consistent capital to stay on track. Reducing DSO is more than an accounting goal, it's essential for business success. By using specialized technology and ou
Oct 154 min read
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20 Proven Strategies to Improve Cash Flow in the Construction Industry
One of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...
Feb 18, 20224 min read
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