Sage Intacct is working on something so beneficial to our clients’ businesses that we want to give you a sneak peek at upcoming advancements for your purchasing process. Extra features for fast flexibility are coming to the Construction and Real Estate module. Tested in the early adopter phase, the CRE module will soon bring your business to the next level of change management processes.
As we know, change requests to a project order can bog down the flow of a construction project. The speed in which your business can move through the change process will determine if you can stay ahead of the competition.
Here are 6 new benefits with the purchasing process advanced features.
- The control of conversion from quantity to price
The ultimate flexibility of conversion from quantity to price will help your project meet internal objectives. Through conversion automation, your project will finish closer to their initial budgets. Budget accuracy is beneficial for organizations to stay on course.
- Approval for purchase change order transaction
Estimating, budgeting, and controlling costs are all part of the construction project life cycle. Purchase change orders require outside attention to keep expenditures within the approved budget. Enhanced automation brings the approval process into the cloud-based solution, improving the time controls of productivity.
- Workflow status
Cost control is a continuous process. With real-time cloud-based software solutions, like Sage Intacct, your project has an up-to-date picture of variances. The reaction time to budget allocations and the threshold for deviations will keep large and small projects on pace.
- Project profitability
As you correlate cost estimation and profitability, the transparency of change requests enables you to identify the end-to-end life cycle of a project. With cost-comparative data, your team can evaluate and reduce costs when needed.
- Streamline project billing processes
Project cost management is complex with many working pieces. According to clients, they are looking for a simplified billing solution to address time consumption and manual errors. Even with geographical location changes, the software captures unexpected change processes. Your team will bill with accuracy and ease.
- Reporting using industry standard categories
Your dashboard will integrate data across planning, estimation, budgeting, and control. Automation advancements allow quick and reliable reports to expose details for job changes. Benchmarking and industry standardization are possible with clear performance transparency.
Continual advancements in our technological services give our clients a strategic advantage over competitors. Coming soon, the cloud solution reduces time and cost by enabling more efficient features to the change management process in the CRE module. Real-time visibility and insights will move your team through each phase of the project from end-to-end.
Want to find out more about how the CRE module enhancements? Schedule a time to talk with one of the experts at RSM today.