RSMUS.comThe construction industry has been slow to embrace technology in the past, so it’s not surprising that cloud adoption also lags behind other industries. In the wake of the pandemic, however, digital transformation has become a top priority for most construction companies, and the cloud is starting to look like the most compelling option in many cases.
Sage Intacct is a prime example. Every construction company, no matter the size or specialty, needs accounting software, and many also want advanced tools for finance, compliance, and reporting, and more. The cloud-based Sage Intacct makes all those tools available anywhere, anytime, on any device, compared to traditional software that is only available in the office.
Cloud services like Sage Intacct are a natural fit for construction because they are easy to adopt, simple to scale, and quick to return value. They are also the catalyst for digital transformation, unleashing solutions and opportunities that position construction companies for long-term relevance and success.
Consider why Sage Intacct, along with other cloud-based software, is fast replacing traditional options to become the standard for construction:
Eliminate Paper and Spreadsheets
The fact that cloud-based software works as well at the main office, the home office, or the job site means the end of paper documents and all the errors, frustrations, and inefficiencies that come with them. It also means the end of spreadsheets when accounting, financial, project, and other data move seamlessly through the same system. Collecting and accessing data has never been easier once it all flows into one location that goes anywhere and everywhere.
Simplify Change Order Tracking
Tracking change orders has traditionally been an administrative headache at best and a lost financial opportunity at worst, but not anymore thanks to the portability of cloud software from Sage Intacct. Change orders can be recorded in the field or any other location according to a standardized process that ensures all cost adjustments are accurately captured, then the data flows directly to a central location for easy tracking. Customers and contractors both benefit from this simplicity, flexibility, and visibility.
Track Costs in Real-Time
With a fully mobile platform to record and reference costs, Sage Intacct users can track actual and committed costs in real time. They have up-to-the-minute insights into their financial health and project performance, as well as error-free information to guide their future decision-making. Working across multiple projects and entities, Sage Intacct takes the guesswork out of cost tracking while ensuring cost data gets to the right people, wherever and whenever needed.
Automate the WIP Statement
In the past, creating a work-in-progress (WIP) statement meant manually combining multiple spreadsheets into one, which took time and created errors. Cloud-based Sage Intacct fixes both issues with automation. Since all the necessary data lives inside Sage Intacct, and all updates go directly into the system, automation can collect, organize, and format the information with ease. On top of saving time and energy for users, WIP automation makes it easy to maintain a complete, accurate, and updated picture of performance.
Access Data Dashboards
By eliminating information obstacles like paper documents, disconnected spreadsheets, and manual workflows, Sage Intacct gives users access to data dashboard that collect KPIs and visualizations in one place. Users can customize their dashboard to track and show whatever they want, and real-time updates occur as soon as new information enters the cloud. Thanks to dashboards, there’s no doubt where project status or financial health stands, and staying up to date happens effortlessly, leading to better-informed decisions and more favorable outcomes across the board.
RSM: Helping Construction Build Cloud Capabilities
At RSM, we have expertise spanning the construction industry, cloud software, and Sage Intacct, and we’ve helped contractors of all stripes move confidently into the cloud and reap every benefit it has to offer.
If you’re ready to leave traditional software in the past and put underwhelming accounting tools behind you, consider Sage Intacct as a replacement and RSM as a partner. Contact us to learn more about cloud software for construction.
