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Construction industry payment trends.
The world depends on the construction industry to design and build the roads, buildings, power systems and other infrastructure that make our modern way of life possible. But it takes more than skilled laborers, towering cranes and advanced project management systems to make these projects successful.
A crowning achievement
Benco Dental's implementation of a supplemental AP card program through Commerce Bank not only doubled supplier enrollment and revenue share within six months, but also significantly improved cash flow by reducing reliance on checks and enhancing flexibility in payment options for suppliers.
The rise of digital and real-time payments creates opportunities for businesses.
The rise of digital payments creates opportunities for businesses. By embracing technological advancements in their payment systems, companies can offer consumers more payment options, boost efficiency and reduce costs.