Construction software is collection of programs, processes and information that serves all the essential job functions of general accounting software, such as accounts receivable, accounts payable and general ledger, with the addition of modules for construction-specific functions such as equipment service and usage tracking, time and material billing, and consolidated general ledgers. Most construction accounting software vendors let customers choose which construction-specific accounting modules best fit their company. This option enables companies to expand the software they are using as their company grows and their needs change.
Construction software can be used in strategic planning and operations management and can function similarly to an ERP system. By using construction software, contractors are able to improve project execution by providing project managers with the information needed to efficiently manage projects, reduce business vulnerability by keeping project expenses and claims defence costs organized, and improve accountability and efficiency by constantly monitoring cash flow, profitability, and total costs per project.
Copyright 2016 - All Rights Reserved .