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Gain a Competitive Edge in the Construction Industry with Sage Intacct’s Real-Time Financial Metrics 

Sage Intacct Real Time Financial
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Gain a Competitive Edge in the Construction Industry with Sage Intacct’s Real-Time Financial Metrics 

Maintaining a healthy cash flow is crucial for sustained growth in the often unpredictable realm of property development. Property developers face many financial challenges, from managing large-scale budgets and expenses to ensuring timely project completions and sales.  

The key to effectively navigating these challenges to gain a competitive edge in the construction industry lies in leveraging advanced financial tools like Sage Intacct, which offers comprehensive solutions tailored to enhance financial management and optimise cash flow.  

Enhancing Visibility in Construction with Sage Intacct’s Real-Time Financial Dashboards 

In the changing world of property development, making quick, informed decisions is crucial. Sage Intacct’s real-time dashboards give general contractors and developers greater visibility for financial and operational metrics. These dashboards enable the simultaneous monitoring of essential data such as costs, cash flow, and revenue across various projects, allowing for quick and efficient decision-making. 

Real-time financial reporting with Sage Intacct isn’t just about having current data; it’s about accessing it quickly and effectively. The customisable dashboard interface displays critical financial and non-financial metrics, including profit margins, expenses, and comparative financial analyses, which are crucial for proactive management. This instant visibility helps identify trends, address inefficiencies, and adjust strategies to optimise profitability. 

Operational metrics specific to the construction industry, like project completion percentages and labour costs, are also readily accessible, supporting proactive management essential in the construction sector where delays or unexpected expenses can significantly impact the bottom line. 

Streamlining Multi-Entity Accounting for Expanding Businesses with Sage Intacct 

Sage Intacct simplifies financial consolidation through robust multi-entity management capabilities for businesses operating across multiple entities or countries. It automates inter-entity transactions, eliminations, and consolidations, enhancing accuracy and efficiency in reporting. 

Sage Intacct’s ability to handle multiple currencies and tax regulations effortlessly is invaluable for developers in diverse markets, ensuring compliance and accuracy in financial reporting. This automation speeds up financial processes and provides real-time insights into the company’s financial health, supporting strategic decisions and organisational growth. 

The software also supports a centralised control mechanism while allowing localised operational flexibility, which is ideal for businesses looking to expand without compromising the autonomy of individual entities. Each entity can operate independently in billing, banking, and reporting, but all financial data rolls up to the parent company, providing a consolidated view of financial metrics. 

 Automating Procure-to-Pay Processes: A Deep Dive into Sage Intacct’s Capabilities 

The procure-to-pay cycle is critical in the construction and development industry. It involves numerous transactions that require efficient management to maintain project timelines and budgets. Sage Intacct’s automation of the procure-to-pay cycle, from requisition to payment, significantly enhances the efficiency and accuracy of these processes, which is crucial in maintaining project timelines and budgets. 

The procurement module enforces permissions and workflows that ensure all purchases are authorised. This aligns expenditures with project goals and avoids budget overruns. Real-time budget integration allows for informed purchasing decisions, which is crucial for project management. 

Furthermore, the streamlined accounts payable processes reduce manual data entry and facilitate faster approvals and payments, which is vital for maintaining good supplier relationships and meeting project timelines. 

Sage Intacct provides robust solutions that address some of the most significant financial challenges that property developers and construction firms face. By enhancing financial visibility, streamlining multi-entity accounting, and automating the procure-to-pay cycle, Sage Intacct helps businesses manage their operations more efficiently and accurately. These capabilities improve financial management, contribute to the projects’ overall success, and increase organisational growth in the competitive landscape of property development. 

 Discover How Sage Intacct Can Transform Your Business 

Are you ready to experience how Sage Intacct real time financial management can improve your business operations and financial management? We invite you to book a demo with the Thrive Technologies sales team today. Learn how our solutions can enhance your financial visibility, streamline your accounting processes, and automate your procure-to-pay cycle, resulting in projects achieving greater profitability and increasing organisational growth. 

Book a demo now and take the first step towards transforming your property development business with Sage Intacct. This software solution specifically meets the needs of the construction and development industry.  

Thrive Technologies
The Construction Industry Software Experts