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cgc2017

Capture Critical Information in Construction – Q&A Session with Connected World/Constructech

August 6, 2024 by cgc2017

Steven Gross, vice president of client solutions, Computer Guidance Corp., recently took time out of his busy schedule to catch up with Constructech Editorial Director Peggy Smedley to talk about the importance customer environments, the value of workflows, and how emerging technology solutions are impacting construction.

Peggy Smedley: What are some of the biggest needs in the construction industry today?

(Steven Gross): Efficient and integrated capture of critical information from the field. This information should only be entered once, it must be captured on a timely basis, and be subjected to the necessary controls to ensure accuracy. It should then automatically flow to the system of record so that all users are operating from the same playbook. Off-line spreadsheets and disparate systems requiring re-entry of the same data are a recipe for inaccuracy and lower levels of productivity and profit margin.

Workforce tracking. With the scarcity of available skilled workers that has plagued the construction industry since the pandemic, software to easily on-board new employees, and to track and manage them from that point forward is more important than ever.

Stringent controls over procurement of materials and services. Whether purchasing is centralized or in the hands of project management, efficient and accurate tracking of requirements, pricing, delivery schedules, and compliance items are key to efficiently managing projects. Workflows should be in place to electronically identify requirements, approve them, and communicate with vendors. And of course, this information must flow directly into the system of record as it directly impacts project performance.

(PS): Is worker productivity a big priority? If so, why?

(SG): Absolutely. There is no industry more directly impacted by worker productivity than construction. Productivity directly impacts both profit margins and the project schedule. The adage “time is money” applies more directly to construction than many other industries.

(PS): How can construction companies maximize productivity and profitability with technology?

(SG): Through accurate and timely reporting of actual levels of productivity (as in units complete per man hour) as compared to estimated. Construction should know the man hours and/or resources required to complete a task and be able to track actual performance on a frequent basis—ideally daily or weekly. To do this they need software tools and workflows in place for accurately capturing this performance data and pushing it to their system of record for timely reporting. Once these workflows are in place, management will have the tools to manage the work in ways that impact margins and profits overall.

(PS): Mission-critical data is central to all of this. How can companies capture and manage this today?

(SG): In short, effective, easy to use software tools for field users. Construction firms should have software in place to capture man hours, quantities installed, procurement requirements affecting committed cost and potential changes to project budget and contract price. This data must flow to the system of record on a timely basis.

(PS): Is security a priority? How can we secure all this?

(SG): Security is a very high priority. Ransomware attack occurrences have increased exponentially during the last two years and construction companies large and small have become targets—especially those firms that maintain systems and server equipment in-house. Priority one should be to migrate to comprehensive ERP (enterprise-resource planning) software in the cloud, which inherently provides much stronger security and protection against attacks such as this.

(PS): What should construction companies do now to best prepare for what comes next?

(SG): Invest in software and related infrastructure that is expandable and adaptable to future requirements. These tools should support future growth objectives, provide the proper levels of security, and be able to integrate with other third-party software tools and do all of the field data capture described above. If these are in place and are running smoothly, they will be well prepared for evolving changes in the construction vertical market and in technology.

More about the Guest:
Steven Gross, vice president of client solutions, is responsible for leading initiatives designed to maximize the effectiveness and utilization of Computer Guidance software applications at customer environments. His focus is on assisting Computer Guidance customers in realizing the highest levels of ROI from the Computer Guidance eCMS enterprise resource planning solution by delivering expert review and analysis of system usage, gap analysis, and best practices consulting.

Steven Gross, vice president of client solutions, Computer Guidance Corp., recently took time out of his busy schedule to catch up with Constructech Editorial Director Peggy Smedley to talk about the importance customer environments, the value of workflows, and how emerging technology solutions are impacting construction.

Peggy Smedley: What are some of the biggest needs in the construction industry today?

(Steven Gross): Efficient and integrated capture of critical information from the field. This information should only be entered once, it must be captured on a timely basis, and be subjected to the necessary controls to ensure accuracy. It should then automatically flow to the system of record so that all users are operating from the same playbook. Off-line spreadsheets and disparate systems requiring re-entry of the same data are a recipe for inaccuracy and lower levels of productivity and profit margin.

Workforce tracking. With the scarcity of available skilled workers that has plagued the construction industry since the pandemic, software to easily on-board new employees, and to track and manage them from that point forward is more important than ever.

Stringent controls over procurement of materials and services. Whether purchasing is centralized or in the hands of project management, efficient and accurate tracking of requirements, pricing, delivery schedules, and compliance items are key to efficiently managing projects. Workflows should be in place to electronically identify requirements, approve them, and communicate with vendors. And of course, this information must flow directly into the system of record as it directly impacts project performance.

(PS): Is worker productivity a big priority? If so, why?

(SG): Absolutely. There is no industry more directly impacted by worker productivity than construction. Productivity directly impacts both profit margins and the project schedule. The adage “time is money” applies more directly to construction than many other industries.

(PS): How can construction companies maximize productivity and profitability with technology?

(SG): Through accurate and timely reporting of actual levels of productivity (as in units complete per man hour) as compared to estimated. Construction should know the man hours and/or resources required to complete a task and be able to track actual performance on a frequent basis—ideally daily or weekly. To do this they need software tools and workflows in place for accurately capturing this performance data and pushing it to their system of record for timely reporting. Once these workflows are in place, management will have the tools to manage the work in ways that impact margins and profits overall.

(PS): Mission-critical data is central to all of this. How can companies capture and manage this today?

(SG): In short, effective, easy to use software tools for field users. Construction firms should have software in place to capture man hours, quantities installed, procurement requirements affecting committed cost and potential changes to project budget and contract price. This data must flow to the system of record on a timely basis.

(PS): Is security a priority? How can we secure all this?

(SG): Security is a very high priority. Ransomware attack occurrences have increased exponentially during the last two years and construction companies large and small have become targets—especially those firms that maintain systems and server equipment in-house. Priority one should be to migrate to comprehensive ERP (enterprise-resource planning) software in the cloud, which inherently provides much stronger security and protection against attacks such as this.

(PS): What should construction companies do now to best prepare for what comes next?

(SG): Invest in software and related infrastructure that is expandable and adaptable to future requirements. These tools should support future growth objectives, provide the proper levels of security, and be able to integrate with other third-party software tools and do all of the field data capture described above. If these are in place and are running smoothly, they will be well prepared for evolving changes in the construction vertical market and in technology.

More about the Guest:
Steven Gross, vice president of client solutions, is responsible for leading initiatives designed to maximize the effectiveness and utilization of Computer Guidance software applications at customer environments. His focus is on assisting Computer Guidance customers in realizing the highest levels of ROI from the Computer Guidance eCMS enterprise resource planning solution by delivering expert review and analysis of system usage, gap analysis, and best practices consulting.

Filed Under: Blog, News Articles, Resources

Computer Guidance Customer, JP Cullen, Reaps the Benefits of eCMS Connect for Corpay

August 6, 2024 by cgc2017

Mutual client benefits from integrated solutions that automate vendor payment and expense management processes

SCOTTSDALE, Ariz.– August 6, 2024 – Computer Guidance Corporation, the leading developer of cloud-based ERP solutions for the construction industry, today announced that JP Cullen’s implementation of eCMS Connect for Corpay has brought notable benefits to the organization, including increased productivity, improved customer and employee relations, enhanced cost savings, and greater financial management and reporting.

The eCMS Connect for Corpay solution eliminates the costly and time-intensive processes associated with vendor payments and employee expenses, leveraging API-based integration of two innovative solutions, the eCMS ERP software and Corpay’s AP Automation solutions. eCMS Connect for Corpay aims to eliminate manual and disjointed payment processes, paper-based payments, fraudulent check activities, and delayed payments while delivering greater financial controls.

“We needed an automated payment system that eliminates the tedious, labor-intensive administrative tasks that are associated with vendor and employee payment processing. With the implementation of eCMS Connect for Corpay, we have streamlined our employee expense and vendor payment workflows, driving increased satisfaction with employees, partners and our bottom line,” stated Jeff Spiegelhoff, CFO, JP Cullen.

“We are thrilled with our ongoing partnership with Computer Guidance Corporation. Their eCMS Connect for Corpay solution has proven to be an invaluable asset, helping our mutual clients like JP Cullen achieve remarkable efficiencies and cost savings in their payment processes. We look forward to continuing this successful collaboration and driving further innovations together,” said Chenic Dinkel, Partner Relationship Manager, Corpay.

According to Mike Bihlmeier, President of Computer Guidance Corporation, “Commercial contractors in today’s business environment demand continuous process improvements to heighten productivity, reduce unnecessary expenses, and drive every competitive advantage possible to strengthen their profitability. eCMS Connect for Corpay delivers a simple yet sophisticated solution and adds profit back to the bottom line.”

About Corpay

Corpay (NYSE: CPAY) is a global S&P 500 corporate payments company that helps businesses and consumers manage and pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (e.g. fueling and parking), travel expenses (e.g. hotel bookings) and accounts payable (e.g. paying vendors).

Through its unified spend management platform, Corpay Complete, Corpay offers a range of solutions including Payments Automation, Invoice Automation, Procure-to-Pay, Expense Management, and Commercial Card programs. These solutions empower clients to automate, secure, and streamline business payments while reducing overall costs. An S&P 500 and Fortune 1000 company, Corpay processes 1.9 billion transactions annually and is the #1 B2B commercial Mastercard® issuer in North America.

This results in our customers saving time and ultimately spending less. Corpay – Payments made easy. To learn more visit www.corpay.com.

About Computer Guidance Corporation

With over 20% of their clients represented on top ENR lists, Computer Guidance Corporation delivers the leading construction enterprise resource planning solution including financial and project management, #1 business intelligence, mobile, and enterprise content management.  Scalable, customizable, and cloud hosted, CGC serves thousands throughout North America. Computer Guidance Corporation is part of the JDM Technology Group, a global construction-specific software conglomerate that serves more than 500,000+ in 40 countries and 6 continents.

Filed Under: Blog, Press Releases, Resources

Technology Trends for the Construction Industry and the Role of the ERP

May 1, 2024 by cgc2017

Technology continues to play a key role in the construction industry and the adaptation of new innovative technologies continues to accelerate. Today’s ERP (enterprise-resource planning) solutions must step up to the plate to reduce costs, increase productivity, support smarter business decisions, automate manual labor-intensive processes, reduce risks, and facilitate communication among project stakeholders.

The Value of a Dynamic ERP: Data

An ERP continues to be the foundation of commercial constructors’ technology stack. A cloud-based, web-based ERP solution delivers an integrated approach where all stakeholders can access invaluable business information anywhere, anytime, and on demand to view status, predict future outcomes, and evaluate past performance. With a dynamic ERP, users access this integrated, accurate, and secure data on the go, in the office, in the field, and they can serve up realtime business intelligence in forms of data views, launchpads, dashboards, and live reports. This information and the indicators within help all stakeholders collaborate, make fact-based decisions, and mitigate risks. Working in Microsoft Excel must remain the thing of the past, as information in spreadsheets is constantly outdated and inaccurate. The modern ERP database is the only single source of truth.

The Value of a Dynamic ERP: Workflow

Regardless of the size and type of construction, successful commercial contractors continue to find ways to eliminate manual processes and labor-intensive processes with automated workflows. The less manual processes a company has the less mistakes the company makes. It not only eliminates errors, but it also reduces duplicated errors, increases productivity, and it allows for visibility into ongoing improvements—i.e.: smarter ways of running the business operations.

The Value of a Dynamic ERP: Flexibility

A modern ERP allows for customization and flexibility. Each organization is different, and this is the case in construction. A flexible and customizable ERP provides the ability to adjust the software to meet business process and strategy needs instead of having to adjust the business to function the way the software allows it. Companies should not alter the way they want to run their businesses due to the limitations of the software. In addition, specialized third-party software solutions are often required to meet the needs of a contractor and a modern, dynamic ERP solution offers the ability to integrate with such specialized software solutions.

Future Trends

ERP will continue to be the foundation for commercial contractors’ businesses. Additionally, AI (artificial intelligence) will start playing a more prominent role with ERP solutions in the construction industry. We will see AI couple with business intelligence to bring advantages with risk mitigation such as insurance, safety measures, subcontractor selection and performance measures, staffing/onboarding, construction projects evaluations, and more. ERP will be the central repository to store, access, and share AI algorithms, which can analyze customer data, preferences, and behavior to deliver personalized recommendations, offers, and experiences. Personalization helps foster customer loyalty, increase engagement, and drive revenue growth. In addition, it will save tremendous expenses in areas such as insurance, safety, contracts, labor agreements, and more.

Robotics will also enter the technology arena in the manufacturing section of the construction industry such as assembly, prefabrication, painting, drilling, welding, and other jobs, and tasks where labor is scarce or where large production volume is required. ERP software will provide companies with the tools they need to manage their production processes, including the ability to track and control the use of robots.

Filed Under: Blog, News Articles, Resources

Computer Guidance Corporation Successfully Passes SOC 1 Type II and SOC 2 Type II Audits For Its Cloud Hosting Systems, Services, and Associated Processes

March 26, 2024 by cgc2017

Computer Guidance Corporation Successfully Passes SOC 1 Type II and SOC 2 Type II Audits For Its Cloud Hosting Systems, Services, and Associated Processes

Assurance provided by CliftonLarsonAllen, LLP in Accordance with Attestation Standards Established by the American Institute of Certified Public Accountants

Scottsdale, Arizona – March 28, 2024 – Computer Guidance Corporation, the leading developer of cloud-based ERP solutions for the construction industry, today announced receipt of its annual System and Organization Control (SOC) SOC 1 Type II and SOC 2 Type II attestation engagement reports for the eCMS Hosting Service system that was designed and implemented throughout the period January 1, 2023, to December 31, 2023.

The trust services reports provide independent validation that Computer Guidance Corporation’s security, availability, and confidentiality controls operated in accordance with the American Institute of Certified Public Accountant (AICPA) applicable Trust Services Criteria (TSC) as a result of an examination of the description of a service organization’s system and the suitability of the design and operating effectiveness of controls involving a number of factors such as security, availability, and confidentiality outlined in the audit report.

The audits reviewed several processes and procedures that have been implemented by Computer Guidance to proactively manage the cloud environments that host the eCMS system, associated Tier III data centers.

“Computer Guidance Corporation’s commitment to strong internal controls supporting its service commitments and system requirements in regard to their cloud-based hosted system solutions and services is evident in these reports,” stated Michael Nyman, Director of Risk Management, CliftonLarsonAllen, LLP. “Computer Guidance Corporation’s successful completion of both SOC 1 Type II and SOC 2 Type II attestations demonstrates its integrity, accountability, and commitment to its clients, partners, and industry. Computer Guidance customers can be confident that controls described within the report are accurately depicted and were operating as represented during these engagement periods.”

“The successful completion of our SOC 1 Type II and SOC 2 Type II examination audits provides Computer Guidance’s clients with the assurance that the controls and safeguards we employ to protect and secure their data, systems and cloud hosting environments are in line with industry standards and best practices and that we are committed to and making every investment to establish and maintain the most stringent controls needed to ensure the highest level of security and compliance,” stated Michael Bihlmeier, President, Computer Guidance Corporation.

About Computer Guidance Corporation

With over 20% of their clients represented on top ENR lists, Computer Guidance Corporation delivers the leading construction enterprise resource planning solution including financial and project management, #1 business intelligence, mobile, and enterprise content management.  Scalable, customizable, and cloud hosted, CGC serves thousands throughout North America. Computer Guidance Corporation is part of the JDM Technology Group, a global construction-specific software conglomerate that serves more than 500,000+ in 40 countries and 6 continents.

Filed Under: News Articles, Press Releases, Resources

JDM Technology Group Expands Construction Software Offering Acquiring Penta Technologies and STRUXI

March 6, 2024 by cgc2017

penta

penta struxi
Milwaukee, Wisconsin – JDM Technology Group, a global group of leading software providers for the architecture, engineering, construction, maintenance, and operations industries, announced today that it has acquired two Milwaukee, WI based software businesses, Penta Technologies and STRUXI. The transaction closed on February 29, 2024, with approval from Penta and STRUXI owner, Karl Koenig.

Penta Technologies develops enterprise construction software that helps construction, service, and engineering enterprises improve business performance. It supports a wide range of contractors across the United States and Canada, including electrical, heavy, specialty, general contractors, and more.

STRUXI specializes in construction labor management, offering field management software and labor cost management software that help contractors easily capture, track, and report on labor costs.

“I’m proud of the companies we’ve built. Thanks to the dedication and efforts of our Penta and STRUXI teams, we’ve helped hundreds of contractors meet their business challenges head on,” said owner Karl Koenig, in a statement on the transaction. “This next step will allow that legacy to continue.”

Penta and STRUXI join a growing lineup of construction software companies in JDM’s construction software portfolio, including Computer Guidance Corporation, Explorer Software, JOBPOWER, and Maestro Technologies. The newly acquired companies will continue to operate as their own brands. Penta management will assist with the transition.

“Our acquisition of Penta and STRUXI is part of our ongoing strategy to buy and build exceptional software so we can continue to provide our customers with the best possible solutions,” said JDM CEO Jim McFarlane. “We’re pleased to welcome Penta and STRUXI to the group and we’re confident that this acquisition will allow us to create new value and opportunities for its customers.”

Shea & Company, LLC acted as the exclusive financial advisor to Penta and STRUXI on the transaction.

About Penta Technologies
Penta Technologies develops enterprise construction software and point solutions that help construction, service, and engineering enterprises increase productivity. From the job site to the corner office, Penta’s complete suite of software applications helps construction businesses manage their field labor force and eliminate paper based field reporting. With integrated multi-company financials, projects, service, labor, and equipment to analytics, document imaging, workflow and mobile field software, Penta helps ensure that engineering and construction firms’ best practices are leveraged more consistently across their organizations to help them do what they do — even better.

About STRUXI
STRUXI specializes in construction labor management solutions, offering field management software and labor cost management software that help contractors effortlessly capture, track, and report on labor costs. Its construction software improves the accuracy of real time labor cost data, empowering construction businesses to make informed decisions that drive success.

About JDM Technology Group
JDM Technology Group is a global software business focused on delivering B2B software systems for the architecture, engineering, construction, and operations industries with over 180,000 users served in 40 countries on 7 continents, employing over 600 staff. The JDM Technology Group’s core philosophy is a long-term commitment to customer support and service coupled with providing the best possible solutions to customers. JDM Technology Group companies include CavSoft, CSSP, CostCon, LEVESYS, Nimbus, Plusfactor, PowerCad and Spearhead Software in Australia and New Zealand; AerieHub, AllMax Software, Builder Software Tools, Computer Guidance Corporation, ConEst Software, Deneb Software, Explorer Software, EPAC, IndustrySmarts, JOBPOWER, Maestro Technologies, MicroMain Corporation, Mobile-Punch, MPulse Software, Penta Technologies, STRUXI, TeamWORKS, and Vision InfoSoft in North America; and Estimate, Integrity, RedSkyIT, Rendra, and Safran in the UK, Europe and the Middle East.

Filed Under: Blog, News Articles, Press Releases, Resources

Construction ERP Essentials: Features Every Construction Accounting Software Should Have 

February 19, 2024 by cgc2017

Construction ERP Essentials: Features Every Construction Accounting Software Should Have

Introduction: 

Construction businesses need construction-specific accounting software with tight financial management controls and the ability to handle the complexities of contract-based and percentage of completion revenue recognition methods, because of the nature of the construction business and the necessity of collecting income from various streams. 

Contractors complete projects for multiple clients, track project expenses closely, manage complex invoices, and stay on top of tax compliance. There’s also the ever-changing volume of jobs as well as subcontractors to manage, and variable payment schedules.  

Comprehensive construction accounting software typically includes features that will help you improve project management and support your growing business. Our blog will outline some of the most important features to look for in construction accounting software.  

Construction ERP softwareWIP (Work in Progress) Reporting (also known as Revenue Recognition Reporting) 

Because contractors must closely monitor costs for every job, WIP Reporting is a critical financial management tool. A WIP report includes the total amount of money spent on the project, the current stage of completion, and the projected end date. It helps you keep tabs on costs and ensures you are adequately billing the client for the work completed.

Accurate, up to date WIP Reporting is essential for assessing the financial health of lump sum projects. It’s also used to recognize revenue over the course of the project timeline, so contractors don’t wait until the project is finished before they are able to recognize revenue and collect on billings.

Here are the main reasons it’s critical to include WIP Reporting Tools in your evaluation of construction accounting software:  

  1. Project Financial Visibility – The WIP Report is the real time financial status of the project. Using the WIP Report allows you to make informed decisions, identify issues early, and make decisions to keep projects on budget. 
  2. Accurate Revenue Recognition — The WIP Report allows you to recognize revenue in proportion to the completion of the project. Using this method is the most accurate representation of your financial performance on any project because it represents the percentage of work completed. 
  3. Better Cash Flow Management — Because WIP reporting helps recognize revenue based on project milestones or completion percentages, it helps you line up your billing and cash collection processes with the actual progress of work.
  4. Compliance with Accounting Standards — WIP Reports are in compliance with Generally Accepted Accounting Principles (GAAP) and Financial Reporting Standards (IFRS). Keeping to these standards means your financial statements accurately reflect the your financial position. 
  5. Risk Mitigation — WIP Reporting helps you track financial metrics in real time, so you’re able to proactively manage potential cost overruns, delays, or other issues. 
  6. Better Project Management — Using WIP Reporting means you can evaluate the profitability of each project phase and assess the performance of subcontractors and suppliers. This data will aid your project managers in improving their project management strategies and ensuring that resources are used maximally.
  7. Enhanced Decision Making — Up to date financial data means you can provide all your managers the information they need to make accurate strategic plans. 

WIP reporting is key because it provides financial transparency, accurate revenue recognition, and effective project management.  

Automated Financial Reporting 

Growing your construction business relies on accurate, up to date financial data that’s accessible for anyone in your company who needs it. This financial data includes financial statements, KPIs, and more as we outline below.  

  1. Timely Decision Making — Timely access to financial data allows for informed decision-making, which can help you respond quickly to changing project dynamics, market conditions, or unexpected challenges. Whether it’s tracking project expenses, monitoring cash flow, or evaluating profitability, automated reporting provides your managers with relevant financial insights.
  2. Accuracy and Compliance — When you’re dealing with complex financial transactions and compliance requirements, automation keeps your calculations accurate, reduces data entry errors, and can automatically update your financial statements.
  3. Efficiency and Resource Optimization — Automated financial reporting streamlines the reporting process, saving you valuable time. Rather than manually inputting data, creating reports, or consolidating financial information, a sophisticated reporting system can handle calculations faster and free up your administrative staff for more strategic tasks, including financial trend analysis, planning for future projects, or addressing critical financial issues. 

Job Costing  

Accurate, up to date job costing helps you allocate expenses to specific jobs, so you can see precisely if a job is on track to meet your projected budget. Job costing also provides insight into the profitability of each job, so you can make informed decisions about the work in progress and manage resources efficiently.  

Your construction accounting software must include precise job costing, so you can manage job resources efficiently. With job costing you’ll be able to track expenses, labor, and materials. Accurate job cost updates help you control costs and address potential budget overruns before they happen. Not every ERP software is built to handle the kind of detailed job cost accounting you need, including large equipment purchases, calculating committed costs, as well as managing retention.  

Retainage Calculation 

Retainage is unique to the construction industry. Without construction accounting software that calculates retainage or progress claims, you may be wasting valuable time on manually tracking retainage payments.  

Retainage is a portion of each progress payment that is withheld by the client until the completion of the project. Typically, retainage is an amount equal to 5% to 10% of the progress billing payment and is held until the contractor completes all of the contractual obligations. Retainage is intended to offer protection against incomplete or substandard work.   

Tracking retainage and progress payments can help identify cash flow problems like whether the job will be profitable. It serves as a financial safeguard and is intended to motivate contractors to meet quality standards and completion deadlines, while also providing a cushion against potential issues or disputes about the quality of work.  

Payroll Processing 

Many contractors outsource their payroll processing because of the complexities in construction payroll, but you don’t have to.  

Contractor payroll must be accurate and processed in a timely fashion. Otherwise, you may risk significant penalties. Superior construction accounting software should have a reliable, flexible, and feature-rich payroll module.  

Here are the key items to look for when you’re assessing the payroll feature: 

  • Supports local, state, and federal payroll regulations. 
  • Tracks employee time and expenses across multiple job sites. 
  • Generates accurate and detailed reports for each job site. 
  • Calculates prevailing wages. 
  • Processes multi-level payroll (federal, state, and local).  
  • Adheres to Union Payroll

Invoicing and Purchasing  

Topflight financial management of any contractor business must include flexible invoicing and purchasing features. Spreadsheets alone are not sufficient for accurately tracking progress billings.  

Good invoicing software ensures timely and accurate billing, so you can keep cash flow positive and ensure your clients stay satisfied.  

Sophisticated purchasing features help you to streamline procurement for job related items like materials and equipment. Look for software that tracks approvals, uploads invoice data without rekeying, and offers workflows for routing invoices.   

Together your invoicing and purchasing modules provide a comprehensive overview of financial transactions, allow you to budget carefully, manage company expenses, and furnish data so you can make informed decisions.  

Conclusion 

Construction accounting software is a key foundation for a successful construction business. It allows you to streamline financial tasks, automate invoicing, track expenses, and keep compliant with tax and union rules. These efficiencies reduce manual errors and free up time for you to focus on managing your projects so you can grow and build your company.  

When evaluating construction accounting software like eCMS from Computer Guidance, be sure it includes key features that are tailored for industry needs, such as job cost accounting, WIP Reporting, Integrated Payroll, and more. Construction accounting software enables you to improve your operations, save time, and reduce errors.  

Filed Under: Blog, News Articles, Resources

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