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As onboarding in-staff specialists requires additional expenses and time, many construction firms order accounting services provided by third parties. We assist our clients with organizing their reports and implementing effective expense-tracking approaches. By leveraging digital invoice capture and automated approval workflows, you can streamline your invoice processing and payment cycles while eliminating the need for manual data entry. Digitizing your…

Automating this step in the quote-to-cash process ensures that order management and order fulfilment happen systematically, where only those orders that can be fulfilled alone are accepted by the organization. These automated systems make sure that completed proposals and contracts trigger subsequent activities like billing and other finance-related activities. It emphasizes shorter lead times, accurate quotes, clear communication, and smooth…

If you manage many projects at once, strong retainage management is essential. It will ensure you have capital in the event that a customer withholds money owed. Here are six aspects of the industry that make effective construction bookkeeping vital. This can make it difficult to track revenue and costs on a single project, let alone many. Construction bookkeeping, while…