The construction industry is one of the most dynamic industries, yet
historically slow to adopt automation. Accounts payable, in particular, has
been a manual and time-consuming process. Growing pressure for efficiency and
cost control is now pushing construction companies to automate and improve
their bottom line.

Manual AP processes are error-prone — especially in construction where invoice
volumes are high. According to The Hackett Group, the average cost of a single
invoice error is $53. Across hundreds or thousands of invoices per
year, those mistakes add up quickly.

Automation virtually eliminates human error while dramatically speeding up
invoice processing. The Institute of Finance and Management (IOFM) reports that
automated processing can reduce AP cycle time by up to 80%. Faster
payments strengthen vendor relationships and improve cash flow.

In a low-margin industry like construction, every dollar counts. Manual
invoice processing can cost between $12 and $30 per invoice. Automation
can bring that cost down to as low as $3 per invoice.

Automation also helps capture early-payment discounts that construction
companies commonly miss. Ardent Partners reports that 72% of early payment
discounts are lost because of manual, inefficient workflows.

Manual AP processes lack visibility. Construction companies often have little
insight into invoice status, causing missed payments, strained relationships,
and inaccurate forecasting.

Automation provides real-time tracking, approval workflows, and audit trails.
Teams gain complete visibility into cash flow while also reducing the risk of
fraud and ensuring compliance with internal policies.