Sage Intacct for Construction: Built for Project Accounting

Managing finances and projects efficiently can make or break the success of construction companies. Given the scope, scale, and duration of construction projects, a dedicated accounting solution helps track project-specific costs, revenues, and profitability, ensuring projects remain within budget. Enter Sage Intacct Construction—an innovative cloud-based financial management and AICPA-preferred accounting solution designed to streamline your operations and propel your projects forward.

Benefits of using Sage Intacct for construction projects

1. Real-Time Construction Financial Management Insights

Gone are the days of waiting for monthly financial reports. With Sage Intacct Construction, you gain real-time access to your financial data. Project managers and finance teams can quickly generate up-to-the-minute reports, providing a clear picture of job costs, revenues, and profitability at any point in time.

2. Enhanced Project Visibility

Project managers at a construction company need to monitor multiple projects and job types simultaneously. Sage Intacct Construction offers a comprehensive dashboard that consolidates project management into one view in real time. This allows you to track progress, identify potential issues, and inform decision making to keep your projects on schedule and within budget.

3. Streamlined Billing and Invoicing

Managing billing cycles and invoicing in the construction industry can be complex and time-consuming, especially for construction companies with multiple entities. Sage Intacct Construction simplifies the accounts payable and accounts receivable process by automating billing schedules, streamlining invoice generation, and ensuring timely payments. This reduces administrative overhead and improves cash flow.

4. Integration with Industry-Specific Solutions

Sage Intacct features an open API, which means it’s easy to integrate with other construction-specific accounting software, allowing you to leverage key data on the fly. Furthermore, this integration ensures that all your systems work together harmoniously, reducing data entry errors and improving overall efficiency.

5. Advanced Job Costing For Construction Capabilities

Accurate job costing is crucial for maintaining profitability in construction management. Sage Intacct Construction provides advanced job costing features that allow you to allocate costs accurately to each project phase. This level of detail helps project accountants ensure every expense is accounted for and helps construction managers optimize resource allocation.

6. Scalability to Support Growth

As your construction business grows and manages multiple entities, so do your financial management needs. Sage Intacct Construction is designed to scale with your business, accommodating an increasing number of projects and transactions without compromising performance. Sage Intacct’s scalability ensures that your financial system remains robust and reliable, even as your business expands.

7. Compliance and Audit Readiness

Maintaining compliance with industry regulations and being prepared for audits is essential for real estate developers and the construction industry. Sage Intacct’s robust financial reporting and documentation capabilities help you stay compliant and ready for audits at all times. This peace of mind allows you to focus on managing your projects effectively. Additionally, a cloud solution protects against online threats and unauthorized access, which is crucial for safeguarding financial data and ensuring compliance.

8. Cost Control and Budget Management

Effective budgeting and planning are crucial for construction companies aiming to ensure project profitability and timely completion. Sage Intacct Construction provides powerful tools that enable construction companies to create accurate project budgets, meticulously track labor costs, and monitor project profitability in real-time. These capabilities allow construction companies to streamline their budgeting and planning processes, significantly reducing the need for manual data entry. With Sage Intacct Construction, construction managers can make informed decisions based on up-to-date financial data, driving business growth and ensuring projects stay on track and within budget.

Benefits of Using a Solution Built for Construction Companies

Sage Intacct offers a solid foundational general ledger and comprehensive suite of features tailor-made for general contractors and others in the construction industry. From real-time financial reporting and insights to advanced job costing and seamless integration, it empowers project accountants, construction managers, and finance teams to manage projects and decision making more efficiently and effectively.

By implementing Sage Intacct, you’re not just adopting a financial management solution; you’re investing in the future success of your construction projects. Contact us to schedule a demo and see Sage Intacct for Construction in action.