Contractors that are still opting for outdated payment management processes, like paper checks and double entry accounting, are starting to experience trouble in the form of higher subcontractor prices and potentially fewer options of partners to bring into projects. With these problems growing in frequency and severity, there is an urgent need to modernize our financial processes. 

In this episode, we sit down with Mike Milligan, Chief Growth Officer GCPay, an Autodesk Company, to explore the ins and outs of payment systems throughout the AEC ecosystem and make a strong case for why the financial side of our operations should be included in our technology adoption roadmaps. 

 We discuss: 

• How payment systems vary by region whether by culture or regulations 
• The harmful mindset that is holding companies back from digitizing their payment systems 
• How utilizing digital payment solutions builds stronger relationships with sub-contractors 
• The first steps to modernize your company’s payment system 

Digital Builder is hosted by Eric Thomas of Autodesk.