construction

22% of US Small Businesses Struggle to Pay Bills Due to Cash Flow
22% of US Small Businesses Struggle to Pay Bills Due to Cash Flow
September 10, 2024  |  SMBs

Small- to medium-sized businesses (SMBs) often find themselves in a constant struggle to manage cash flow, focusing more on survival than growth. Many SMBs use...

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Construction Spending Dips 0.3% in July Amid High Mortgage Rates
Construction Spending Dips 0.3% in July Amid High Mortgage Rates
September 03, 2024  |  Economy

Construction spending decreased by 0.3% in July after remaining unchanged in June. Spending totaled $2.163 billion in July, down from the revised June estimate of...

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Home Depot Looks for B2B Buffer Against Softening Consumer Spend
Home Depot Looks for B2B Buffer Against Softening Consumer Spend
August 13, 2024  |  Earnings

Home Depot currently gets around half of its sales from professional builders and contractors. According to the company’s executives on Tuesday’s (Aug. 13) second-quarter 2024...

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This Week in B2B: Capturing Real-Time Intelligence’s Competitive Edge
This Week in B2B: Capturing Real-Time Intelligence’s Competitive Edge
August 08, 2024  |  B2B Payments

B2B operations frequently require a greater level of sophistication than their B2C counterparts. Payments, especially, are typically larger and more complex transactions and must mesh...

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AI Lays Foundation for Construction’s Financial Transformation
AI Lays Foundation for Construction’s Financial Transformation
July 16, 2024  |  artificial intelligence

In the world of construction, where hammers meet spreadsheets, a new tool is emerging from the digital realm: artificial intelligence (AI). As builders grapple with...

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Procore Seeks FedRAMP Authorization for Construction Management Software
Procore Seeks FedRAMP Authorization for Construction Management Software
July 16, 2024  |  B2B Payments

Procore Technologies is working to authorize its construction management software with the Federal Risk and Authorization Management Program (FedRAMP). The company has prepared tools, processes...

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Adaptive Raises $19 Million to Scale Construction Industry Financial Platform
Adaptive Raises $19 Million to Scale Construction Industry Financial Platform
July 15, 2024  |  Investments

Adaptive raised $19 million in a Series A funding round to scale its artificial intelligence-powered financial platform for businesses in the construction industry. The platform...

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Lowe’s Targets Smaller Pros for Bigger B2B Growth
Lowe’s Targets Smaller Pros for Bigger B2B Growth
May 21, 2024  |  Earnings

The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer...

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Main Street Businesses in the Northeast, Midwest and Mountain States Grew the Most Last Year
Main Street Businesses in the Northeast, Midwest and Mountain States Grew the Most Last Year
May 09, 2024  |  SMBs

Small businesses on Main Street have proven to be more resilient than many of their larger counterparts, according to the PYMNTS Intelligence report “Main Street...

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