Getting paid faster in construction

An article from Getting paid faster in construction A Tennessee software startup is trying to automate accounts receivable for large contractors, some of whom still deal with paper-based payments. Published March 2, 2026 Justin Bachman Senior Reporter Share Copy link Email LinkedIn X/Twitter Facebook Print License Add us on Google Getty Images The quest for speedier payment bedevils many businesses but those in the construction trades might suffer even longer lags.  Their invoicing and accounts receivable systems are critical – but many older financial platforms used in building trades don’t provide for modern payment and accounting options, according to Payra, a software startup that automates accounts receivable operations. Payra’s software integrates with most enterprise resource planning (ERP) platforms that are designed to help “blue collar” industrial companies modernize their cash collection functions. Last month, Payra announced a $15 million investment from Edison Partners, an investment firm, to help speed its growth. While that’s the first and only fundraising event for the company so far, Payra has ambitions to transform payments in the construction industry. The startup’s services aim to assist construction and building materials suppliers in accepting digital payments like cards and ACH, and to automate the reconciliation inside their legacy finance systems that often lack API (application programming interface) connections. Via artificial intelligence-enable...