Construction is – quite literally – the backbone of the global economy, generating US$9.7 trillion in 2022 and physically supporting every other sector. The industry appears unstoppable, with analysts forecasting growth of US$4.2 trillion over the next 15 years, driven by the demand for green buildings.
In order to tap into this huge opportunity, construction companies need to shed any inefficiency that may become a spanner in the works – including the archaic processes and solutions used to pay for building materials.
In this ebook, Hokodo explores five reasons why digital trade credit is the ideal payment solution for a new generation of construction businesses. We’ll be hammering home:
- How trust can be built between buyers and sellers in an online environment
- Why SME and sole trader support is so essential
- How payment terms can improve cash flow for all parties
- The role that trade credit plays in driving a better customer experience
- And much more!
Ready? Let’s get to work…