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Construction Firms' Payment Delays
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Overview
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Construction firms are facing financial challenges due to delayed payments, with an average DSO of 94 days. FinTech companies are offering solutions such as all-in-one platforms, credit management software, and instant payment technologies to address these issues. Ingo Money's CEO emphasizes the importance of embracing instant payments for the construction industry's vitality.
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How might delayed payments impact the overall financial stability of the construction industry?
How might the adoption of FinTech solutions like instant payment technologies reshape the construction industry's financial landscape?
What strategies can construction firms adopt to mitigate the effects of delayed payments?
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