The Technology Transforming Construction Finance

Picture this, with a busy day of challenges ahead you sit down to your desk to quickly resolve a few routine tasks before heading to the job site to attend to more pressing matters. But managing data across multiple worksheets, updating WIP schedules, compiling reconciliations, and detailed reporting cause you to fall behind. What’s worse, in your haste to remain on schedule you’ve mistakenly entered errors within several data fields which you won’t discover for several more weeks. Does this sound familiar?

If manual entry and inefficient practices are taking time from more important matters, introducing errors, and limiting your ability to make decisions quickly, stay tuned. One key technology offers industry-specific solutions for construction and can automate processes, offer real-time visibility into data, and streamline your workflows across projects and financial functions.

Sage Intacct

Sage Intacct is a cloud-based accounting application built to serve the needs of small and mid-sized companies. It helps businesses like yours build better processes to move away from siloed spreadsheets, slow reconciliations, painstaking WIP schedules, obscured data, and decentralized information. It offers industry-specific advantages for construction firms, including:

• Automating WIP calculations for faster, more accurate reporting that free your team members to focus on other critical responsibilities;
• Providing real-time visibility with a customizable dashboard enabling better forecasting, proactive cost management, and faster decision-making to make the most of your cash flow;
• Consolidating data across projects, departments, and geographies to reduce redundancy, streamline reporting, simplify auditing, and improve oversight;
• Enhancing cost-controls through real-time expense tracking to identify overruns before they impact your bottom line;
• Integrating with other project management, payroll, and construction-industry systems to centralize information and create more efficient, accurate, and scalable operational structures; and
• Offering AI-driven capabilities including automated reporting, workflow approvals, and error detection to accelerate and enhance your team’s productivity.

Conclusion

See the impact of Sage Intacct first-hand. Join CBIZ live for a webinar covering the platform’s unique construction-industry applications. Discover how this revolutionary technology is modernizing the industry by simplifying WIPs, spotlighting real-time financial data, consolidating data entry, and helping control costs.

Register for our webinar below or contact us today to discuss how Sage Intacct can support a more efficient, more capable financial department.