Getting Paid Today: What Architects Need to Know
With the onset of the Digital Revolution in the latter half of the 20th century, technological growth brought continuous sweeping changes to entire industries. And with the proliferation of the Internet and mobile technology, these changes have come at an even faster rate. How we communicate, how we shop, and how we entertain ourselves has changed by the year.
Consider how traditional brick and mortar retail stores have been rocked by the rapid rise of services like Amazon and Ebay. Or how traditional video rental services like Blockbuster video were rendered moot by streaming services like Netflix and Hulu. Or even how taxi services evolved with ride-sharing services such as Uber and Lyft.
Indeed, even the architecture industry has adapted to the digital world. You can draw up 2D plans on your computer with SmartDraw, create detailed 3D visualizations with software like 3ds Max and AutoCAD, and manage your projects’ schedules with solutions like BigTime or ArchiOffice.
Even the payments industry has been revolutionized. Credit cards have become the dominant way to pay, making credit card brands like Visa, MasterCard, and American Express major players in the world today. Meanwhile, new tools like Venmo, a peer-to-peer payment service, and digital wallets like ApplePay and Google Wallet have been rising in popularity. At this rate, many experts have suggested that our society may do away with cash payments altogether in favor of online payment solutions.
As we move closer and closer to a paperless, cashless society, it’s only a matter of time before online and electronic forms of payment become the dominant form of payment for architects and design firms across the country. The sooner you’re able to adopt this technology into your operations, the more ahead of the curve you’ll be.
Thankfully, doing so brings a wealth of benefits along with it, from operational efficiency to offering your clients a multitude of payment options that are convenient and safe for them (and for you). And by making it easy to pay, your firm will likely see more projects,repeat clients, and referrals from happy customers as a result.
To learn more about how to leverage the power of electronic payments in your firm to drive cash flow and deliver an exceptional client experience, download our free e-book "Getting Paid Today: What Architects Need to Know."