Blog
Rethinking Technology, Realizing a New Competitive Edge
BST Global’s Javier A. Baldor Participates in EFCG’s Executive Leadership Panel The pandemic has abruptly removed limits to technology innovation, forcing entire industries to stretch what’s possible in only a matter of months. BST Global’s CEO Javier A. Baldor joined a stellar lineup of industry executives as part of EFCG’s Executive Leadership virtual conference to discuss these…
Read MoreAftershocks & Opportunities Shaping the AEC Industry in Australasia Post-Event Coverage
BST Global’s Javier Baldor & 3 Built Environment CEOs Across Australasia Respond to Aftershocks & Opportunities Many regional economies have already commenced reopening on a phased basis in the current pandemic environment, and architecture, engineering and environmental consultancy firms are taking varying strategic measures to overcome continuing challenges. As built environment firms around the world continue to discuss rebuilding…
Read MoreBST Global Is Helping AEC Firms Solve Today’s Cash & Resource Management Challenges
In today’s economic landscape, AEC firms are facing major cash flow concerns and resource management challenges, impacting project delivery and profitability. With a worldwide clientele, BST Global understands these unique challenges and has successfully partnered with leading firms to solve these risks and thrive forward. Because of this, BST Global hosted a 45-minute webinar +…
Read MoreCash Flow in a Time of Crisis Webinar
BST Global & AEC Advisors host CFO Forum Thank you for all of you that were able to make this BST Global / AEC Advisors digital event. We’ve made the full recording available to watch whenever you’re ready.
Read MoreAEC Advisors Cash Flow on May 1 Post-Event Coverage
BST Global’s Javier Baldor Speaks Alongside Other AEC Industry Leaders About Cash Flow Challenges & Solutions Admit the Pandemic We are all living in unprecedented times now in light of COVID-19, and successfully managing your AEC firm’s cash flow is paramount to making it safely to shore. BST Global’s Executive Vice President Javier Baldor joined a panel…
Read More4 Ways to Advance Your Billing Process
One of the most critical processes for any successful business is billing. To advance your own AEC firm’s billing processes, it’s important to understand four key ways that can help. The Billing Process Getting your billing to run efficiently, is an important step in optimizing your firm’s cash collection. But if you have a poor billing…
Read MoreInvoicing 101: How to Improve Your Invoice Process
The foundation of a successful billing process? Your invoices. Learning how to improve your invoices? Simple. The Invoice Problem Invoicing has the potential to make or break your AEC firm’s billing process. Why? Because if your invoices aren’t right, it means more work. More work going back and forth with your client to resolve a…
Read MoreDSO & DPO: What’s the Difference?
Analyzing Days Sales Outstanding (DSO) and Days Payable Outstanding (DPO) can improve one very important financial metric for your AEC firm: cashflow. While DSO and DPO address different areas, the information derived from each is equally important. But before I get into those formulas and how the resulting values impact your firm’s cashflow, let’s do…
Read MoreCash vs. Accrual vs. Work in Progress Accounting: Which Is Best for AEC Firms?
Cash basis and accrual basis are two different methods of accounting. Each method tells a different story about revenue, but neither method gives the whole story – that’s where the work in progress (WIP) method comes in. It’s an important question: which accounting method is most effective at providing insight into your firm’s revenue? Some…
Read MoreThe Importance of Working Capital for Your AEC Firm
Properly managing your working capital is necessary to ensure your architecture, engineering, and environmental consulting (AEC) firm is able to cover current obligations, improve operational efficiency, and invest in the future growth of your business. What It Is At a high level, working capital is an important financial metric that helps AEC firms assess their…
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