Investing in the right contractor software is a big decision for any company, and many choose to do so because of the key features these packages have to offer. From accounting to analytics, project management and more, there are a wide range of tools in software like Sage that you can use to your advantage.
It all comes down to knowing how to use and employ them. Some of the powerful features that contractor software brings to your business include:
Accounting and Financial Planning
Whether you have a solid background in construction accounting basics or are entirely lost when it comes to the numbers, Sage’s accounting capabilities are there to help keep your books in order. From accounts payable to accounts receivable, payroll management, and general ledgers, every bit of financial strategy and management you need is wrapped up into a single package.
As you already know, contractors face an entirely different accounting landscape than those in other industries. Because of this, it’s essential to pick a construction-specific software for your accounting so that you can easily track everything that matters to you and your business.
Accounting software can also help you avoid accounting errors that construction companies make, taking a load off your mind and allowing you to focus on winning new projects for your business.
Using the estimating capabilities of the right piece of software, you can increase your revenue stream through simple organization.
Sage software packages make it easy to create databases that are industry specific, rich in data and streamlined so that every figure is easily accessed by the users. These capabilities will allow your team to compile data on your current and future projects in order to generate budgets, new contracts and schedule tasks.
Proper estimation tactics can help you to avoid costly errors that prevent your company from taking on new contracts.
Project Management Solutions
The benefits of project management are well known, and using the right piece of software can help you to expedite work on your current projects by outlining timetables, assigning crew members and machinery and drafting deadlines.
Using Sage, you can easily take control of and organize current and future projects. You can also set schedules that keeps teams on track and include automatic billing to finish jobs sooner (which reduces labor costs and potential overages).
Superior Reporting and Analysis
When the data recorded by your contractor software is properly leveraged, it can become the most powerful tool you have at your disposal. Having accurate financial reporting on current and past jobs can help you with future estimates and budgets. It can also allow you to identify variations in your industry. Learning these trends can help your team make adjustments in the future that can boost sales and increase savings.
Get the Right Software
At Techware, we are committed to providing you with a software solution that is tailored to your needs as a company. Along with the packages that we sell, we also offer training and support for those who are new to the world of contractor software. To find a solution that is right for you, contact us today.