Given the fact that Investment in modern, mobile construction accounting software is essential, it has not been cost effective. As cloud construction software requires little infrastructure or setup because one can access the software over the internet and can easily lease computing resources (instead of purchasing them at the outset). The feature of Real-time access from any given location, provides the data that the KPIs need.
In this article one shall encounter the risks of using outdated or legacy technology.
There are benefits of construction accounting software, and the five ways mobile technology benefits construction businesses.
Here is a brief look at the five benefits of this construction technology:
- Reduce Delays
Delays and rework in commercial construction projects keep happening, be it from unpredictable weather or dealing with permitting and red tapism. Millions of dollars is lost in revenue and the company’s reputation takes a dent due to unforeseen set-backs and sudden stops.
Mobile construction accounting software enable managers to use mobile delivery apps to organize and sync their operational activities, from anywhere.
- Collaborate in Real Time
Previously, paper-based processes like timesheets, project tasks were restricted to the office cubicles, often making it an inefficient and prone to errors. Cloud-based applications have drastically changed the scenario by streamlining information between teams in the office and the one at the site of project. Items such as RFIs, project issues, and timecards, are updated and synced in the ERP automatically in real time.
Connect your people and your projects with cloud construction accounting software
- Increased Accountability
Mobile technology in the form of cloud construction accounting software enables project managers to track time spent on-site, and also keep better time cards, which saves on labor costs.
Real-time updates and notifications sync the data entered on a smart phone, tablet, or PC in the field with the accounting system in a instant.
- Increased Data Accuracy
Mobile cloud software allows employees to enter data once and send it organization-wide without delay, thus saving time and effort by preventing needless and repetitive data entry.
- Increased Visibility
Mobile cloud software increases visibility across the organization by enabling real time tracking of business operations across different work departments and locations using a cellular device with ease and efficiency. Also, there is scope for customizations using the mobile apps for documentation and creating reports.
Choosing a true cloud construction software
Consumers must realize that fake products are nowadays filling the market. Similarly, Fake cloud construction accounting software options do exist, and they get to operate because of a lack of consumer’s knowledge.
Acumatica Construction Edition with Project Accounting is a true cloud option, which has already been made even better through enhancements in Acumatica 2018 R2. It’s an end-to-end solution with a full set of management features, including accounting, project management, field management, CRM, and mobile construction companies just like yours can implement and benefit from right away.