As the demand for new infrastructure, commercial and residential buildings, and renovations expands, the construction industry also faces labor shortages, rising materials costs, and supply chain delays. Now more than ever, companies must find ways to streamline their operations and stay competitive.
Trusted by thousands of contractors, developers, and property managers for many years, Sage 300 Construction and Real Estate (CRE) software users, formerly Timberline, may require a more robust solution. Sage for Construction from Sage Intacct is a popular cloud-based financial management and accounting system built for construction companies to handle important business activities from preconstruction to close-out and everything in between.
Today’s growth-oriented construction companies understand the value of using Sage for Construction, which offers a cloud-based solution, improved financial visibility, simplified multi-entity consolidations, streamlined operations, enhanced project management, increased collaboration, and scalability.
As a preferred software for preconstruction, operations, and financial management, we delve into the seven key benefits of Sage Intacct Construction.
1. Cloud-Based Solution
Sage for Construction is a true native cloud solution that lets you securely access data 24/7 from any device, anywhere. With real-time data, provided by artificial intelligence and machine learning, you can make more strategic decisions for your construction company. By eliminating on-premises servers, you no longer have to worry about managing, maintaining, and performing upgrades to the solution, reducing IT costs associated with software maintenance, upgrades, fixes, and patches.
In addition, Sage for Construction’s open API integrations allow construction companies to seamlessly connect with a variety of other solutions needed to run the business efficiently. By integrating their applications, construction companies can increase data accuracy and improve communication throughout the business – from the office to the field.
One of these integration add-ons includes Sage Paperless. A cloud version of Sage Paperless for Construction was recently made available, which automates the storage, retrieval, and routing of accounts payable (AP) documents. This means that instead of dealing with paper invoices and receipts, all your AP documents can be stored and accessed digitally, reducing the risk of lost or misplaced documents and making tracking and managing your AP processes easier. Building on the success of the existing, on-premises version of Sage Paperless, the new version uses native-cloud, smart technology to simplify and automate AP workflows from project start to finish by reducing paper-heavy and manual tasks that waste time and money.
2. Improved Financial Visibility
Sage for Construction provides real-time visibility into your company’s financial performance. This empowers you to make informed decisions, knowing that your financial data is accurate and up-to-date. Sage for Construction helps you track expenses, manage budgets, and monitor cash flow all in one platform, giving you the confidence to steer your company in the right direction.
In Sage for Construction, you can create and view customizable reports and dashboards within the system in real-time, helping save time on manual processes. Reports and dashboards are established based on privileges and permissions, ensuring employees see only the information that is meant for them. Ensure that your projects are on track and running smoothly with automated, accurate Work in Progress (WIP) reports that give you full visibility into the financial health of your business.
3. Multi-Entity Consolidations
Sage for Construction allows your business to simplify consolidations and reporting for multiple entities, locations, industry segments, and more. Consolidations are automatically performed in the solution, providing immediate visibility to the results. With the flexible financial consolidation software, you can automate workflows for multiple entities and save your team hours of manual work.
4. Streamlined Operations
One of Sage for Construction’s most significant advantages is its ability to automate financial processes. This liberates you from the burden of manual data entry and the risk of errors, saving you valuable time and ensuring accuracy in financial data. With Sage for Construction, you can effortlessly track and manage your accounts payable and accounts receivable, making it a breeze to manage cash flow and maintain healthy financials.
Sage for Construction’s advanced system allows you to streamline contract billing lifecycles, automate pricing and billing models, and integrate your billing with automated revenue recognition. The software adapts to your needs and eliminates labor-intensive manual calculations, making project billing more manageable and more efficient for your business.
5. Enhanced Project Management
Sage for Construction offers advanced project management capabilities, allowing construction companies to track project costs, manage budgets, and monitor progress in real-time. With these tools, companies can stay on top of their projects, identify issues early on, and make informed decisions to keep projects on track. With Sage for Construction, construction companies can also easily generate project-specific financial statements, giving them greater insight into project profitability and helping them make more accurate financial projections.
6. Increased Collaboration
Sage for Construction also offers a collaborative platform that allows for seamless communication between teams and external stakeholders. This increases efficiency and reduces delays, enabling construction companies to complete projects faster and with greater accuracy. With Sage for Construction, construction companies can also easily share financial data and reports with their stakeholders, ensuring that everyone is on the same page.
7. Scalability
Sage for Construction is not a one-size-fits-all software. It is designed to evolve with your company’s needs. As a cloud-based system, it offers flexibility and scalability, allowing you to add new users, modules, and features as your company grows. This ensures that you always have the right tools to manage your financials and operations effectively, providing a solid foundation for your future success. As an open platform, Sage continues to grow their ecosystem of partner solutions such as Procore, Autodesk, TimberScan, and many others that integrate with the Sage construction suite.
Your Guide Forward to Sage for Construction
As Sage Intacct Value-Added Reseller and Sage Platinum Club Winner, we are proud to offer Sage for Construction software for your construction company to streamline financial processes and optimize business performance with enhanced insights and custom integrations.
Our Cherry Bekaert team of certified Sage for Construction consultants has the resources and methodology needed to implement the software, provide training for your team, assist with data migration, and offer ongoing support and maintenance. To see firsthand the benefits of Sage for Construction, schedule a demo with us today.
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