Fintech in Focus | EP25

Fintech News & Views: Why Construction AP Needs Automation

CalendarMay 5, 2022

The construction industry has taken an uneven path towards payment automation. As in most segments, some construction companies now use technology to help solve the AP challenges they face. But many more still rely on the tried-and-true paper check to pay suppliers and subcontractors—at the expense of efficiency and costs. Is construction finally realizing how payment automation integrates simply, makes job-cost accounting easier, and increases process visibility and control? We spoke with Peter Smith, VP in Construction at Corpay, about what the future looks like for the industry’s AP teams. Note: The opinions expressed on Fintech in Focus News & Views are those of the speakers only, and do not necessarily reflect the views of Corpay or FLEETCOR Technologies Inc.

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Notice and disclaimer: By accessing the Podcasts I acknowledge that: (a) the contents are owned by Fleetcor Technologies, Inc. NYSE:FLT and the podcast is not to be replicated or used without permission of the owners; (b) these are high level general discussions and interviews to encourage conversation and do not provide professional guidance or advise; or guarantee results; (c) opinions may be expressed and owners cannot guarantee accuracy of same. This series is intended for North American audiences.(d) the views and opinions of the guests of “Fintech in Focus” do not necessarily represent those of the FLT companies.