Press release
MX Build, Powered by Priority, Launches at CFMA's Annual Conference & Exhibition
The latest technology solution for construction businesses to minimize risky payments and accelerate cash flow through automated lien waiver management
About this update from Priority Technology Holdings, Inc.
[{"type":"text","content":"\nThe latest technology solution for construction businesses to minimize risky payments and accelerate cash flow through automated lien waiver management\n\n\n ALPHARETTA, Ga.--(BUSINESS WIRE)--\nPriority Technology Holdings, Inc. (NASDAQ: PRTH) (Priority), a leading platform for unified commerce that delivers integrated payments and banking at scale, will introduce its MX Build™ technology solution at CFMA’s Annual Conference & Exhibition. With its Smart Pay feature, MX Build helps construction companies streamline payments and automate tedious work like lien waiver management.\n\n\n“We are disrupting and reimagining old construction processes such as manually managing lien waivers and construction spending and replacing them with more advanced processes and solutions with MX Build,” said Jammil Handal, EVP of MX Build. “The integration with Priority’s ecosystem makes MX Build the technology forward solution for construction businesses that combines payments, banking, and construction management into a unified platform that maximizes operational efficiency, cash flow management, and improves compliance for an overall business improvement.”\n\n\nMX Build makes it easy to:\n\n\n\nAutomate lien waivers to minimize risky payments\n\n\n\nSimplify expense management\n\n\n\nAccelerate cash flow\n\n\n\nStreamline compliance\n\n\n\n“Construction companies now have the technology and resources available to help solve decades-old business challenges that impact their projects, cash flow, and impede their ability to accept payments. MX Build is a part of our unified commerce solution that eliminates the frustrations and challenges facing construction businesses,” said Thomas Priore, Chairman and CEO of Priority.\n\n\nThe construction industry continues to grow, and construction executives remain confident in the US economy even as it navigates recession risks, according to Engineering News Record’s Q1 ‘23 Construction Industry Confidence Index. “By automating the lien waiver process, MX Build helps to mitigate risks and improve construction companies' cash flow. We are excited to bring this innovative solution that solves common challenges for construction companies to the market,” Handal concludes.\n\n\nPriority invites CFMA Annual Conference attendees to visit the MX Build team at booth #331 in the exhibit hall to learn more about MX Bui...