Construction industry: High document volume and complexity

A sector built on complexity

The construction industry operates in a high-stakes environment where financial management is burdened by large volumes of invoices, purchase orders (POs), and delivery notes. The lack of standardised documentation and the need for detailed cost tracking make accounts payable automation a growing necessity for companies managing large-scale construction projects.

Many construction firms in the industry still rely on manual invoice processing, cross-checking POs and delivery notes to verify that orders match invoices. This outdated approach often results in delays, errors, and financial inefficiencies, increasing the risk of overpayments, duplicate invoices, and reconciliation challenges.

Key financial challenges in the construction sector

High document volume and complexity

• Processing thousands of construction invoices, purchase orders, and delivery notes with detailed line-item tracking creates workflow inefficiencies.
• Non-standardised invoice formats make it difficult for construction finance teams to streamline operations.

Inconsistent and disorganised documentation

• Missing documents and scattered invoice storage systems lead to difficulties in retrieving financial records during audits or project reviews.

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