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Technology is helping construction companies improve cash flow and reduce late payments - offering greater resilience and enhanced business health in a challenging economy. MELBOURNE, Australia, Aug. 2, 2023 /PRNewswire/ Payapps, a global construction software solution trusted by main contractors and subcontractors to simplify and standardise progress claims and approvals, has released the findings of its Resilience In Construction Research Report for 2023. The new report reveals that enhanced digital adoption could significantly reduce the construction industry's insolvency rate by improving cash flow and reducing late payments, offering greater resilience and enhanced business health in today's challenging economy. The construction industry in Australia alone has witnessed a notable increase in company collapses during the past year as builders grapple with the conclusion of pandemic-related economic support, challenges within traditional payment systems, and the effects of

New zealandUnited kingdomBrett stephensonInvestments commissionResilience in construction researchResilience in construction research reportAustralian securitiesChief revenue officer