Construction projects can be capital-intensive, leading to significant cash outflows. In addition, unexpected cost changes, such as material shortages, can disrupt cash flow planning. At Cevinio, we help you manage complex, multi-phase construction projects with improved cash flow forecasting and liquidity management. Cevinio ensures timely payments to suppliers and subcontractors, enhancing financial stability throughout the project lifecycle and improving supplier relationships.

Disruptions in the supply chain can cause project delays and increase costs. This is why AP teams work hard to keep construction projects on track by efficiently processing supplier and subcontractor invoices. Cevinio AP Automation, by automating procurement and supplier management, ensures punctual and accurate payments, reduces supply chain disruptions, supports the steady flow of materials, and enhances reliability and project completion rates, all contributing to overall supply chain optimization.

Construction projects can involve a wide range of invoices, including those from subcontractors, suppliers, equipment rentals, and more. Contractual terms and payment conditions can vary significantly, making invoice processing more complex across multiple projects and field locations. With Cevinio, you can handle large volumes of invoices from multiple suppliers and projects with ease. By reducing manual input and automating approvals with our flexible workflow module, our solution accelerates payment cycles, minimizes errors, and enhances overall efficiency.

Ensuring compliance and managing risk in the construction industry can be challenging due to the involvement of multiple tiers of subcontractors, each with unique invoicing requirements and payment terms. Cevinio simplifies this process by automating compliance checks, managing documentation, and streamlining audits. This ensures adherence to industry regulations, standards, and contractual obligations, reducing the risk of errors and ensuring smoother project execution