In this article, we’ll explore how construction software like Sage 100 Contractor or Sage 300 Construction and Real Estate (CRE) can boost your bottom line by tracking project costs in real-time.
When You Grow, Intuition Doesn’t Cut It
Scores of companies recall how easy it was to track projects, estimates, and costs when the business was small or just starting out. An owner’s intuition about the status of every job is more reliable when there are fewer projects to keep track of.
But as a construction business grows and becomes more successful, that intuition can start to get a little cloudy as you hire more people, pick up more projects, process more invoices, and delegate work across your team.
The Challenge of Off-The-Shelf Accounting and Spreadsheets
With this disconnected patchwork of software, spreadsheets, and hand-written notes, it’s almost impossible to know how much money you made (or didn’t!!) until after a project is complete and all the bills are paid. By the time the bookkeeper pulls the pieces together and runs the numbers, it’s WAY after the fact and too late to do anything about it.
Pull Your Business Together
No more spreadsheets, no more hand-written notes, and no more off-the-shelf bookkeeping programs that buckle at the knees when you do anything more than pay bills and send invoices.
Even workers in the field can use a mobile device or laptop to enter project updates, labor, materials, and change orders directly into Sage 100 Contractor or Sage 300 CRE. No need to jot things down for later or wait until they get back to the office to update the system.
When data flows seamlessly and instantly from one part of the system to the rest, you eliminate the double data entry, cutting and pasting of information, and miscommunication that siphons off your profits and productivity. You can also trust that client invoices include all the correct job costs and your budgets reflect up-to-date actuals because those details aren’t scattered across different spreadsheets, laptops, and hand-written notes that get transposed or lost in translation.
That’s why Sage Construction Software features loads of reports and system inquiries that deliver a current view of your whole business, and in real-time. So if a project starts to go sideways and rack up a bunch of unexpected costs, you can make a course correction while the job is still active and preserve your profit.
Click to check out some sample reports