Archive for August, 2012

Construction Accounting Software Eliminates Costly Processes

August 29th, 2012  |  Published in business

construction accounting softwareAre your processes creating extra pain to managing accounting and financials? Construction accounting software may be the time-saving, cost-cutting solution you need.

Many contractors wrongly rely on numerous spreadsheets, piles of paper, and generic accounting software packages. Sound familiar? Then you should check your steps. With your current method:

  • Do you have to reenter data in different places?
  • Do you have time-consuming steps to find the data you need?
  • Is it a challenge to produce the reports you want?
  • Is it difficult (or impossible) to produce daily job costing?
  • Are you confident with real-time data and audit trails?

By moving to a construction accounting software solution, you can have a system that is designed to uniquely fit your type of work.

Replacing your ill-fitting processes with construction accounting software, you can properly manage all facets of accounting, financials, and reporting to save time and money:

  • Eliminate duplicate data entry and minimize costly mistakes
  • Improve workflow with GL, AP, AR, and more all in one system
  • Have daily job costing and real-time data on job performance and profitability
  • Make timely decisions with comprehensive reporting, including WIP and Bonding
  • Build reliable audit trails and maintain historical details
  • Prevent potential financial losses and improve financial stability for long-term benefit

When you are able to eliminate inefficiencies, inaccuracies, and other obstacles to reaching your optimal profitability, you can know where every penny is going (and why) and identify opportunities for new revenue.

Only you will know when the time is right to make the move from a system of spreadsheets and unsatisfactory software. But to begin your investigation … there are six reasons you should consider to determine if construction accounting software is the right fit for your business.

Download this free article to learn more about the obstacles you need to overcome with antiquated methods and the value of having accounting software for construction.

 

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Profitable Bidding with Construction Estimating Software

August 21st, 2012  |  Published in technology

never stop biddingWhat’s the problem with bids today? If not using construction estimating software, you are faced with more problems than you may realize.

In the tough economic market, construction companies must bid more work to stay busy and in business. Plus with greater competition for a limited number of jobs, it’s critical that bids are created quickly and numbers are on-target.

When was the last time you took a hard look at your processes to see if you’re losing time and money with every bid? Now’s a good time! Do an evaluation to see if these problems persist in your company:

  • Paper processes are slow and cumbersome.
  • Requires a lot of time and overhead cost to get bids out of the door.
  • Easy to overbid or underbid jobs.
  • No audit trail to effectively handle disputes.
  • No job tracking tools or ways to know what type of work your company does best/profitably.

Did you know? On any given job, manual estimating requires a contractor to spend 25% of their time doing takeoff and 75% of their time determining the labor and pricing.

If your current takeoff and estimating methods don’t make the grade, then you are likely making costly mistakes that impact your bottom line every day.

Eliminate a pile of your problems by implementing estimating software to save time, cut costs, and increase profitability. you can work quickly and accurately by leveraging many easy-to-use tools such as digital takeoff, real-time pricing database, 3-D Visual Assemblies, invitation to bid and bid day features, and dashboard to see what’s due, in review, etc.

Download this free eBook, “Increase Profit Margins with Better Bids,” to learn how contractors increase speed and precision, eliminate costly mistakes, and bid more work in less time with greater profit by using takeoff and estimating software.

 

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