Every day, your business might create and access hundreds of documents in dozens of different formats. From paper-based documents to PDFs, we’re accustomed to managing many types of ‘paperwork’ on a daily basis – but inevitably, mix-ups occur.
If you’re switching to specialist construction accounting software for the first time, you’ll be looking forward to using a powerful system that can deal with all the industry-specific processes you can throw at it.
How many documents relate to a single contract in your construction business? Once you’ve taken into account subcontractor admin, purchase orders, photos, plans and invoices, you may approach three figures.
Most construction SMEs use specialist accounting software to monitor their company’s finances and keep a close eye on looming cash flow issues, but sometimes... vigilance alone is unable to prevent problems arising. In an industry that’s notorious for late payment and has irregular payment timings and structures, it’s likely that you’ll experience the occasional bottleneck as you have to wait for payments to be made.