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Procore Tech Aims to Improve Construction's Cash Cycle

Getting the payments in is critical in any industry, and when yours is way behind average as inflation bites, it’s tough.

Last month, Procore, a vendor of construction management software, announced a service timed for 2023: Procore Pay, intended to address the cash cycle in construction.

In construction and real estate, even with all the strategies around financial engineering to make projects “pencil,” managing aspects of cash can often get overlooked and, as a result, can be done badly.

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Erik Sherman

 

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