Read the latest news and share your views on the hot topics affecting the construction industry
Five common construction admin challenges (and how to overcome them)
Every contractor knows that CIS verification is a vital administrative task that’s become routine since 2007.
A new year means new events to look forward to! Maybe you’re excited about business expansion plans, or starting work on a lucrative new project - or perhaps you’re hoping that 2017 will be the year that you upgrade your construction software!
As every construction company knows, building projects take time, planning and detailed resources. Constraints on time and budgets means that companies are under increasing pressure to find ways to deliver their projects leaner and faster.
2016 has certainly been a memorable year - few could have predicted a single one of its major events, let alone them occurring in combination! If we look back at our own predictions for 2016, you’ll see that we were a bit hit and miss, too!
As a company we’ve made significant progress in 2016 - not just in terms of our software, but behind-the-scenes, too. We’ve been delivering significant updates to all of our products, providing our customers with more value and ever-improving functionality.
Everyone in the UK construction industry knows that it faces a skills shortage. With the labour costs in your accounting software rising and it becoming ever more difficult to fill specialist roles, it’s likely you’ve experienced the effects of the skills shortage first-hand.
Software for construction management comes in two forms: generic solutions that are designed for use by any business, and specialist solutions which are built from the ground up to work specifically for contractors and the construction industry.
If you find that your accounting software isn’t providing useful reports and insights, chances are the quality of data input is to blame. In particular, inaccurate data can result in reporting issues, or worse, cause them to present misleading results in job costing.
Software is as integral to your business as foundations are to your building projects, yet the bewildering array of options available to businesses makes choosing your ideal job costing system a nightmare! If you’re after an ‘entry level’ solution for your small business, the decision becomes even more complex. Do you opt for generic accounts systems that will meet most of your needs, or specialist software that might require a greater investment, but will contain every feature you could ask for?
If you consider almost any sector of the economy, it’s easy to see how technology has had a huge impact. For example, high street retailers now have to compete with online giants and use self-service checkouts. Twenty years ago, those two technologies barely existed. In the construction industry, we’ve been a little slower to adopt revolutionary technologies. Perhaps the biggest change in the industry is related to software – job costing systems are now the norm, even for SMEs.
Here on the Integrity Software blog, we’ve been talking about skills shortages in the construction industry for many years – yet the problem shows no sign of easing. In the past, we’ve discussed some ways to mitigate the effects of rising labour costs, particularly by utilising construction costing software. Today, we look at another potential solution to these rising costs: apprenticeships.
Each year, the UK government budget brings regulation and tax changes – some of which affect construction companies. With the recent result of the EU referendum signalling another period of uncertainty and rapid regulatory change, firms are faced with a struggle to remain compliant.
During the busiest time of year for your company, your construction accounting software will be working in overdrive. You might have a dozen staff using the system simultaneously, with hundreds of rows of data added to the system each day.
Deciding on the right accounting software package for your business isn't an easy task – although here at Integrity, we hope we make the decision a little easier for those in the construction industry.