The Automated Clearing House (ACH) is a secure and efficient electronic payment system that is commonly used in the construction industry for processing payroll, vendor payments, and other financial transactions. ACH allows construction companies to transfer funds electronically between bank accounts, eliminating the need for paper checks and reducing the risk of errors and fraud. This streamlined payment process saves time and money for both contractors and subcontractors, leading to improved cash flow and better financial management.In the context of construction, ACH plays a crucial role in facilitating timely payments to suppliers, subcontractors, and employees. By automating the transfer of funds, construction companies can ensure that payments are made on time, avoiding delays and disputes that can impact project timelines and relationships with key stakeholders. This electronic
What is ACH (Automated Clearing House)?
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