"Getting paid and managing cash in the construction industry is particularly difficult," says Scott Wolfe, the CEO of zlien. "Not only must companies manage standard cash challenges, but they also confront industry specific problems with pay when paid clauses, joint check agreements, construction workmanship debates, payment delays, and more."
zlien has conducted research and published many resources about why customers don't pay their construction bills, including information confirming that the construction industry boasts the highest business failure rates in the country and the lowest profit margins.
"Cash challenges are great in this industry," says Wolfe, "we focus our energies on helping credit and financial professionals understand the challenges specific to their industry, and how to use the great tools available to overcome those challenges."
One such tool is the mechanics lien and bond claim process, available to construction companies and building material suppliers across the United States. The six week email course explores these laws and remedies, and also includes the following:
Discussion of Credit policies, joint check agreements, and construction contract language
Free sample credit policies, credit applications, mechanics lien policies, and joint check agreements
Access to high-impact ebooks on credit management and credit practices
An organized reference to the "best of the best" that has appeared on the "Lien and Credit Journal" publication over the past six years.
"Over the past six years we've published over 600,000 words about credit management in the construction industry," says Nate Budde, the editor of the publication and zlien's Chief Legal Officer. "This six week course in construction credit management organizes all of that information, combining the publication's best content with unique exclusive content to provide professionals with a systemic and simple way to understand and implement effective credit management strategies."
The email course is free. Those who sign up will receive two emails per week for six weeks, for a total of 12 emails. The emails contain high level information about finding success as a credit professional in the construction industry.
The material is appropriate for new hires as part of a training process, in addition to high level executives who are looking to organize or improve their already existing knowledge. All material is written by construction attorneys with corporate credit management experience.
Signup for the course for free at: http://smart.zlien.com/
zlien provides software and services to help building supply and construction companies reduce its credit risk and default receivables through the management of mechanics lien and bond claim compliance. Founded by experienced construction attorneys, Zlien is the leading publisher of mechanics lien and bond claim resources and analysis, and has led the industry in innovating credit risk management solutions by utilizing the lien and bond claim laws. Learn more at http://www.zlien.com