The journey to migrate to Sage Intacct Construction does not have to be a daunting endeavor with Aktion at your side.
Join us for this webinar to learn what the migration journey from Sage 300 Construction & Real Estate to Sage Intacct looks like. You will get an idea of your migration timeline and learn how to prepare for a smooth transition. We will discuss the process of preparing your data, reconciliation, and then the actual migration into Sage Intacct.
Business Intelligence (BI) software provides a fact-based, real-time, singular version of the truth, empowering construction companies to build and maintain a competitive edge. Project managers who use BI have immediate access to critical information about their projects such as labor, scheduling, suppliers and detailed financials. BI software aggregates information from multiple data sources, transforming it into actionable insights that project managers can use to steer their projects towards success.
Time is critical to the success of construction projects, and delays usually translate into dollars. Project managers can use BI software to quickly analyze data and develop reports that lead to more strategic decisions. In the past, the analysis and reporting was likely managed by an IT department that was likely focused on more IT-centric needs of the business. The IT department can be a bottleneck and cause delays to the field, leaving project managers to make decisions on gut-feel or intuition rather than true intelligence. Intuitive BI puts the onus of data analysis and reporting into the hands of those in the field who need the data the most, and want to make quick decisions based on fact. Project managers use BI to decide how to prioritize project workflows, allocate labor, schedule equipment and supply deliveries, and manage costs and risks. The ability to use data and manage reporting for their areas of responsibility has tremendous impact on whether current and future projects are successful
Labor can be one of the biggest variables for construction projects. The better it can be managed and anticipated, the better chance project managers have of controlling their costs and turning a profit. The jobsite is traditionally a wide array of activity with contractors and subcontractors, and materials and equipment coming and going. Data is coming from all parts of the operations, and by aggregating and analyzing the information, project managers can quickly identify areas where labor can be reduced and or allocated to increase efficiencies, improve productivity and or drive completion. Project managers can also monitor the effectiveness of labor, whether it’s his or her own staff or contractors and subcontractors. Keeping and comparing labor with project timelines, supply and waste and other aspects of the jobsite can help project managers identify sources of labor that they will want to use on future projects.
BI can help project managers to identify problem areas and opportunities and make decisions that will refine their projects’ efficiencies. For example, nothing slows a project down faster than if the crews run out of supplies or if shipments are delayed. Project managers can use the data analytics to better understand when and how much materials need to be ordered and when to ask suppliers to deliver them. Ordering too much product can impact project budgets, while also creating challenges for how and where to store any excess. With better visibility into project data and workflows, a project manager can make better decisions on what suppliers to work with to keep things moving forward. Knowing supply ordering and delivering patterns, along with the best times, prices, and quantities to buy, also allows project managers to negotiate the best pricing tiers to increase profit margins and capitalize on every opportunity.
Executives can use BI to make decisions based on statistical facts. These facts can guide choices about future growth by evaluating a long-term view of the market and competition. Executives can use the data to help decide where to focus growth, how to streamline processes, identify productivity levels among staff and suppliers, monitor cash flow and project profitability, among other ways. While managers can use the actionable insights to determine the most effective strategies to improve individual projects, BI allows Executives to see the bigger picture, funneling all of the facts from across the portfolio of projects to make crucial operational decisions.
Business Intelligence offers a real-time picture of a project’s financial risk, cost variance, cash position, change orders, AR retainage, AP aging and profitability of the job. Top-notch BI allows project managers to drill all the way down to individual transactions to get instant answers to money-saving opportunities and cost concerns. By examining incoming and outgoing finances of the present and past, construction companies can make decisions based on future financial status. Breaking down costs by job give project managers the information that is relative to them. Customizing the BI dashboard allows project managers to track key performance indicators (KPIs) that enable effective financial oversight and management.
Aktion Analytics business intelligence for construction professionals makes it easier for project managers to access the information they need to better understand their project’s past and present performance in order to make the right decisions to increase the chances of success in the future. Companies will be better positioned to make successful strategic decisions when they analyze data and monitor critical business operations from a single source of truth.
To learn more about the value of business intelligence for your construction business, download this white paper.
Capture Job Time and RFIs with Sage Field Operations for Sage 300 CRE.
Contractors face challenges every day. It can be difficult to track projects and stay on budget at the same time. By integrating with your Sage solutions, Sage Field Operations (SFO) becomes a tool that enables you to streamline field reporting.
Attend this webinar to learn how Sage Field Operations can help you improve productivity, increase profits, and efficiently maintain your projects from the field.
More and more, construction companies are turning towards technology to streamline their operations instead of away from it. But being able to find the right fit for your needs requires a strategic approach to effectively implement and use that technology.
Here are three key tips for evaluating and selecting the kind of solutions that will meet and even exceed your construction company’s needs.
Designate a team
Identifying needs and wants takes a broad amount of participation across different departments and different levels. But you’ll also want to select a designated team that can systematically evaluate your options. These people will be charged with ensuring your technology investment is a good fit and will be embraced by the entire company as an effective and useful tool.
Make a “needs” list
The pain points are often well known amongst your team members but making a clear list of what you need is very important. Company leadership may want to get employee feedback to help develop this list, allowing them to feel a part of the process. It might sound simple, but clear goals make a significant difference in identifying what kind of technology you need. Instead of broad complaints, turn the pain points into specific objectives that can be achieved. Below you’ll find a few examples of ways to hone your pain points into needs for a legitimate solution.
Pain Point: Sharing reports with different people in my construction company is difficult to do.
Need: We need a way to quickly and easily share reports with multiple people in the company so that people have information needed to do their jobs.
Pain Point: The data I need is not available to people in the field.
Need: A mobile solution that can be used from anywhere would allow better collaboration among different departments.
Participate actively in the implementation
After your designated team makes recommendations and a decision is made, you still need to remain involved. Getting a solution implemented requires active participation. You will want to stay in close contact with the people at the solution provider you selected. There will be timelines, training and possibly occasions to adjust as needed when any roadblocks come up.
Strong planning leads to success, so approach this strategically. Once you’ve selected the solution or solutions needed, gone through training and implementation, your patience and hard will be apparent. Aktion supports a wide variety of technology options for the construction industry. When you’re ready to look at those choices, please reach out to us.
Join us for this quick, 30-minute overview demo of GCPay’s NEW Sage Intacct Integration!
Does your team ever struggle with missing lien waivers? Sub-billing errors? If so, you’ll want to check out this overview of GCPay’s newest integration with Sage Intacct for Construction. GCPay’s cloud-based solution eliminates the main issues contractors experience with manual sub invoicing processes, including:
Most Sage customers save 60-75% of time off their current manual process once implementing GCPay and never look back!
With electronic signature, online notarization, and e-payment capabilities built right in you won’t want to miss this new exciting integration webinar.
Join us for this Sage ToolOps webinar to gain an understanding of how Field Leaders:
SnapAI is a new electronic takeoff solution that significantly cuts electronic takeoff time and improves the overall accuracy of your bids. By adding SnapAI to your takeoff process, it can predict your next move for added speed and flexibility.
Join us for this high-level overview of the new SnapAI technology from eTakeoff.
As we’ve seen increasingly lately, being able to work efficiently while also being mobile is critically important. As is the case with technology in general, the construction tech marketplace has seen an increased focus on the cloud. In particular solutions that are focused on collaboration and visibility into key financials. Being a long time Timberline / Sage partner, we’re excited to see the Sage Intacct product and offer it as a next generation option for the construction industry.
Sage Intacct sets itself apart from much of the competition. You get custom dashboards and reporting, streamlined access to your products and projects as well as a unique handling of multi-entity accounting. Many of our customers have multiple companies, and often those entities don’t communicate efficiently. We often hear how much customers appreciate the automation for financial consolidation activities and how it eliminates the manual processes. The inter-company eliminations are also automated to save time and smooth out the common multi-entity complexities.
Additionally, because Sage Intacct has an open API, you can connect to existing systems through a true cloud platform. This lets you integrate with the applications that are critical to your organization’s success in areas such as:
Sage Intacct is a cloud product that gives you the capability to see things real time from anywhere, with any device. So, your business grows, you’re truly able to take it to the next level. Technology continues to grow at an amazing pace. I’ve been in the business for quite a few years and I’ve seen many progressions and enhancements within the construction and real estate landscape. But with Sage Intacct, you get a true cloud solution that is constantly evolving with a best-of-breed approach.
Cloud computing provides greater flexibility for your company. Your employees are no longer limited to a physical location and you have greater opportunity to support the demands of an expanding mobile workforce. If you are currently using Sage 100 ERP (formerly Sage ERP MAS 90, 200, and 200 SQL) or Sage 300 ERP business management software you can be accessed anywhere, anytime with an internet connection inside the Aktion Cloud.
Register for this free half-hour webinar presented by Aktion Cloud & Managed Services and learn how you don’t have to replace your business-critical Sage software to start you’re cloud journey today.
Sage ToolOps is a flexible, cloud-based platform for tool, equipment, materials and consumables management.
General Contractors use ToolOps for:
Join Aktion and Sage to learn more about Sage ToolOps.