RSMUS.comStreamlining Financial and Project Management in Construction: Sage Intacct + Procore
In the same way that modern building projects depend on multiple processes running in perfect synch, leading a successful construction company depends on keeping things integrated and organized. Technology should help with that effort—but it can be an obstacle as well.
Despite the fact that financial management and project management are closely linked, they rely on different software packages. And since those software packages haven’t been able to collaborate in the past or have relied on buggy and shallow integration, getting these processes on the same page has required hours of work from someone manually moving data from one system to the other. It’s a huge drain on time, staff, and focus. Worse, it makes it difficult or impossible to coordinate financial and project management successfully.
Some companies have accepted this as a necessary headache. Others have developed time- and labor-intensive solutions. Now, a third option is available: one that makes manual data management a thing of the past and unites financial and project management like never before.
Integrating Sage Intacct and Procore
Construction companies choose Sage Intacct as their financial management platform because of its cloud-based toolkit, robust yet intuitive features, and capabilities built specifically for construction. Likewise, Procore has become a popular project management solution because it understands the real needs and wants of construction companies.
Great on their own, these solutions are truly transformative when working together. Here’s what it takes to integrate them:
- Procore Project Financial
- Sage Intacct Construction Subscription
- Sage Intacct Construction Job Subscription
Having these pieces in place allows the Sage Intacct Construction API to pull data directly from Procore and push it directly to the Intacct Construction site, or vice versa. There are no import/export files involved. Instead, changes made in one system are immediately and automatically reflected in the other, keeping both sides perfectly synced without any human effort.
Integrating Procore and Sage Intacct takes little time and costs nothing extra. It’s a minimal commitment. Yet the positive impact on construction companies extends far outside the realms of finance or project management, making it possible to improve, innovate, and out-compete.
Benefits of Integrating Sage Intacct and Procore
No longer having to manually move data leads to immediate improvements in productivity, efficiency, and accuracy, but integrating Sage Intacct and Procore pays even bigger dividends over time. Examples of what the Sage Intacct API can accomplish include:
- Link Key Collaborators – Closer alignment between finance and project management promotes better outcomes for both by eliminating confusion, errors, and redundancies while streamlining access to information, answers, and tools.
- See True Performance – Companies can pull financial and project management data into the same report to get a more holistic view of financial forecasting, budget tracking, and performance analysis and make impactful improvements on all fronts.
- Set Higher Standards – Accountants and project managers both have more time, data, and insights at their disposal thanks to this integration, helping them to make more informed, strategic, and successful decisions that raise the bar for what construction companies can accomplish.
Another way to consider this integration: It doesn’t build a bridge between two departments; it breaks down a barrier to communication, coordination, and collaboration that has stood in the way for decades. Not anymore.
Making the Most of the Sage Intacct and Procore Integration
The optimal process starts by implementing and integrating Sage Intacct plus Procore. Then it’s time to build reports around this potent new data source, and change processes to leverage the two platform’s combined strengths. Finally, construction companies should act on what they learn to update plans, strategies, or even business models, especially in the context of new capabilities and efficiencies.
Integrating Sage Intacct and Procore is the start of something significant—and RSM is your partner for every step along the way. Whether you need to implement software or update strategies, contact RSM.
