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“Besides being a concrete nerd, I’m a bit of a tech nerd,” says Daniel. “And that’s helped me grow.”
In 2022, O’Dorisio Carpentry & Concrete was the only commercial concrete company in the region using a 3D robotically controlled laser screed, even though the technology had been introduced in 1984.Disclosure 1 The machine uses a laser to scan an area and create a detailed map that shows even the smallest bumps and divots, as well as the angle or pitch of the ground. This allows the concrete to be poured at a different depth—millimeter by millimeter—resulting in a more precisely leveled floor.
That can improve safety and efficiency in buildings like warehouses, which are well-traveled by robotic and heavy equipment that may be sensitive to bumps and changes in grading. Investing in the 3D laser screed has enabled Daniel to win larger bids, save on labor costs, waste less material, and improve work speed while also improving accuracy.
Daniel’s improved access to working capital also helps him upgrade or replace equipment quickly when it becomes outdated or damaged. “The environment we work in is really hard on digital equipment,” he says.
Digitize banking to speed the cash flow cycle.
Back when he was laying sidewalks for homeowners, Daniel’s business was mostly cash-based, with Daniel being paid either on a weekly basis or whenever the job was done. Pouring the foundation for a multimillion-square-foot sports arena was a whole new ballgame. Daniel needed financing upfront so he could secure the equipment before getting started on a big job—long before he’d see the payment from his customer.
Switching to Truist digital banking and treasury management services has allowed him to get real-time cash reporting from any digital device, wherever his day takes him. It’s also sped up his business cash flow cycle, thanks to automated deposits.
Daniel also likes that he can easily look at his financial data digitally when estimating timelines and costs for prospective project opportunities.