Our construction accounting software is built specifically for the needs of the construction industry. It is designed to improve efficiency throughout all areas of the business.
Based on the specialist requirements of a construction business, it becomes difficult to use generic accounting software. Your construction business needs accounting software tailored to these specific needs. This includes the CIS scheme, subcontractors, retentions, and more.
Read on to discover the 5 key reasons your business should be using construction accounting software:
1. Reporting and Analytics
The reporting and analytic functions are the backbone of any great piece of accounting software. This is particularly true when it comes to construction accounting. By using our construction accounting software Evolution Mx, creating your own custom reports has never been easier.
Configurable dashboard views also make key information and real-time data easily accessible. There are options like using graphs, charts, and tiles to display data. Monitoring your contract KPIs has been made quicker and simple.
2. Reduces risk
By using construction accounting software, all members of the team (that have been granted access) can share project information. The data is always up to date. This removes the need for multiple, standalone spreadsheets that are often outdated and unsecure and can lead to errors.
Our software Evolution Mx can be configured to alert users when a project may be going over budget. By having this information easily accessible, it can reduce financial risk for the company.
Another way that risk is removed by using construction accounting software is the inclusion of built-in CIS accounting functionality. By using software with a direct link to HMRC’s portal, subcontractors can easily be verified. All their relevant documentation can be stored. This reduces the risk of using subcontractors that are no longer insured. Additionally, it can help the company stay compliant with regulations.
3. Full integration
One benefit of using fully integrated construction accounting software such as Evolution Mx is the ability to streamline different processes. The company has to use many processes.
As Evolution Mx covers everything from payroll to contract management, subcontractors to retentions, and more, having everything all in one place boosts efficiency. This ensures all information is easy to access.
And the integration doesn’t end there; our construction-specific accounting software is also integrated with Microsoft Office. This allows you to export data to Excel and email documents from the system using Outlook seamlessly.
4. Remote accessibility
Construction accounting software allows your team to access real-time, up to date information from anywhere. This is possible as long as they have an internet connection. It is a perfect solution for when your team is working remotely or out of the office. It allows them quick access to the information they require.
Being able to log in at any time from a remote setting may also boost efficiency within your team. Employees may be more productive outside of traditional office hours.
5. Time-saving
Based on the four reasons previously discussed, it’s clear. Construction accounting software saves time by having all your processes integrated into one, single easy-to-use system.
This makes information and data much easier and quicker to manage. Construction accounting software allows your company to save time whilst also reducing risk and improving efficiency so it’s a win-win!
Book your demo today
Our software Evolution Mx is a powerful construction management and financial accounting solution. It caters to all the niche requirements of the construction industry, plus much more.
Why not switch to using our construction accounting software to make your business more efficient, productive, and profitable. To find out more information about our construction accounting software book your free demo today.