As today’s construction firms look for new ways to be more competitive and profitable in an increasingly complex marketplace, paperless digital payment solutions are becoming more essential than ever.

Experts say the most important thing firms need to do when it comes to digital payment solutions is to get past the notion that doing things the way they’ve always been done is good enough. Leading banking and financial services providers can also help construction firms make the transition from paper to digital.

This industry outlook report examines what possibilities are available and how firms can take advantage of the latest paperless digital payment solutions. It highlights:

• Why more construction firms are moving to digital payment systems
• The impact of the pandemic on AP departments
• The true cost of paper and manual AP systems
• The barriers that firms face in adopting digital payment solutions
• What solutions are available to construction firms