Payment monitoring and digital CRM management in construction companies

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Last but not least, the administration and accounting of construction companies also benefit from modern technologies and advances in accounts receivable management. A holistic, digital CRM program makes it easier to manage orders, create order-related documents or send invoices. In addition, dunning and document capture can now be almost completely digitalized. This relieves the burden on administrations enormously, especially in times of a shortage of skilled workers.

Important: Payment defaults and security deposits play a major role in the construction industry. indonesia gambling data This is mainly due to the long supply chains and the many people involved in a construction site. Digital tools and insurance policies that can be taken out online reduce these risks enormously.

Facilitating Insurance for the Construction Industry
Insurance is a daily companion on the construction site and in administration. Risks such as liability claims due to accidents or theft can quickly put the company into high levels of debt and jeopardize its creditworthiness. There are also legal claims from suppliers, clients or subcontractors. Thanks to digitalization, it is now possible to take out complex insurance packages online and thus cover all risks efficiently and quickly.

Particularly important: Clients have the option of retaining at least five percent of the construction sum as a "security deposit" in accordance with the VOB. In large projects, this can endanger the company's liquidity. A warranty bond ensures that these deposits are no longer necessary, as an insurance company/bank will guarantee in the event of a warranty claim.

Insurance and guarantees accompany construction companies on almost every project . Now the annoying paperwork that has become widespread in recent decades is no longer necessary and many policies can be concluded and managed fully digitally.