Navigating the Competitive Construction Landscape
In the cutthroat world of construction, where information can make or break a deal, having the right financial management tools is crucial. With so many options available, selecting the perfect fit for your company can be a daunting task. However, it’s essential to choose an accounting solution that not only meets your current needs but can also scale with your growth aspirations.
While QuickBooks Contractor Edition has served many construction companies, Sage Intacct stands as a superior choice, offering a robust set of features and capabilities that cater to the specific needs of the industry. Here are five compelling reasons why Sage Intacct Construction is the better choice for your company.
Reason #1: Embrace the Power of the Cloud
Ditch outdated on-premises systems and embrace the flexibility and agility of cloud-enabled software like Sage Intacct Construction. Businesses need financial applications that are easy to implement, configure, and update, and Sage Intacct delivers on all fronts.
The cloud offers several significant benefits:
- Vendor-managed upgrades: No IT resources required for updates
- Rapid deployment: Minimal downtime and quick setup
- Seamless integrations: Connect with leading business-critical applications
- Scalability: Accommodate additional users, transactions, and entities with ease
- Anytime, anywhere access: Work from any device, anywhere in the world
Reason #2: Effortlessly Manage Multiple Entities
If your construction company operates across multiple locations, grapples with complexities like decentralized payables, inter-entity transactions, multiple currencies, and global consolidations, Sage Intacct Construction is a far more capable solution than QuickBooks.
Sage Intacct for Construction simplifies the management of multiple entities by allowing you to:
- Configure New Entities: Set up new entities with configurable rules for inter-entity transactions, bank accounts, and more.
- Inherit Existing Settings: Choose to have new entities inherit your existing lists, process definitions, and charts of accounts.
- Rapid Consolidation: Consolidate hundreds of entities in minutes, not days, without exporting and combining data in Excel. This can shorten your close times by up to 80%.
- Automated Consolidation Activities: Automate financial consolidation activities, including currency conversions, inter-entity transactions, local tax reporting, and more.
Reason #3: Gain Unparalleled Insights with Multi-dimensional Reporting
The construction industry is a dynamic environment with many moving parts. Sage Intacct’s dimensional general ledger provides a flexible and powerful accounting foundation, allowing you to track financial data based on multiple dimensions such as projects, locations, departments, or cost centers.
- Tagging for Granular Insights: Tag transactions and operational data enables you to quickly view your data from any angle, providing valuable context without disrupting your chart of accounts.
- Role-Based Dashboards: Create role- or task-based dashboards with KPI scorecards and dimensional filters, providing key decision-makers with on-demand access to critical information.
“With Sage Intacct, we save about 15 hours a month on the reporting process.” —Debora Hester, Business Manager, GeoTechnologies Case Study.
Reason #4: Automate Manual Processes for Enhanced Efficiency
QuickBooks can consume valuable time with manual processes that could be automated. With Sage Intacct, you can automate daily processes like revenue recognition, invoice generation, and bill payments.
- Eliminate Excel Consolidation: Slash your close time by up to 66% by eliminating painful consolidations in Excel.
- Free Up Time for Strategic Initiatives: Tandem HR saved 500 hours a year and freed up more time to keep their business flowing.
- Empower Your Team: Provide your team with the time and resources to focus on value-added activities.
Reason #5: Real-time Dashboards for Better Decisions
Misguided decisions can lead to costly consequences for construction company, such as using outdated labor costs when quoting bids. Sage Intacct offers wide range of customizable financial reports, dashboards, and visualizations empowers you to track key performance indicators (KPIs), identify trends, and make data-driven decisions.
Access the most up-to-date data the moment you log in to Sage Intacct, providing a clear picture of your construction business’s financial health. Equip project managers with custom dashboards to access real-time information for effective decision-making.
Sage Intacct Construction provides everyone in your organization with real-time insights into financial and operational performance, something QuickBooks cannot deliver.
Transform Your Construction Company with Sage Intacct
Your construction business deserves a financial management solution that can keep up with your demands and propel your growth. Sage Intacct surpasses QuickBooks Contractor Edition with its robust financial management, real-time insights, and scalability.
With advanced reporting, automation, multi-entity and integration capabilities, Sage Intacct will streamline your operations, enhance productivity, and facilitate better decision-making for your growing firm.