eNews Archive

Month-end close, also known as financial close, is a protocol to maintain and finalize your company’s financial records for the month. Documentation, team reviews and reconciliation of all financial transactions in that time period are processed, which can be both tedious and time-consuming because of its importance.

Artificial Intelligence (AI) is transforming the construction industry by revolutionizing how projects are designed, managed and executed. Through advanced machine learning, data analytics and automation, AI enhances efficiency, reduces costs and improves safety on job sites.

What a rollercoaster. Now that we have a new Democratic nominee for the presidential race, along with both vice president picks, we’re expecting to see the race to settle a bit over the next few weeks. Congress will come back from the August recess in mid-September to pass a government funding bill, most likely a Continuing Resolution, either through December or early next year, just to get through the election.

NACM’s Credit Managers’ Index (CMI) deteriorated 1.6 points to 52.3 in July, suggesting growing economic risk. “The CMI is back to near non-recession lows,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

Great leaders can create impactful change, build sustainable relationships and leave a legacy of culture. But what happens when they leave?

While startups often present exciting opportunities for growth and innovation, they also come with significant uncertainties. Unlike established businesses, startups typically lack a proven track record, stable cash flow and robust financial history, making the assessment of their creditworthiness a complicated challenge.

Mechanic’s liens serve as a legal tool for both contractors and subcontractors. Their purpose is to establish security interest in a property’s title to ensure payment, so it is essential to be thorough when filing. One small mistake can cost you the right to enforce payment rights.

Automation and technological advancements have gained a significant presence in everyday credit processes—whether to provide easier ways to receive payments, communication with customers or overall efficiency. However, technological innovations always come with risk.