Challenges – Construction companies in Australia require a unique blend of financial, operational and project based information. The complexity and duration of the project will often dictate the requirements for financial and operational reporting. Larger construction jobs will usually span several financial periods making the calculation of WIP critical. Retentions and cash flow calculations are important in this fast paced industry.
Experience – The team at Leverage Technologies has been involved in many implementations of SAP Business One with Workbench for the construction industry. These implementations are usually for larger building companies (commercial or large scale residential) that have outgrown their finance only applications combined with spreadsheets for operational control and want to move to a totally integrated solution.
Functional requirements addressed –
- Profitability by job
- Timesheets
- Forecast cost to complete
- WIP tracking and reporting
- Sub-contractor management
- Retentions
- Variation/s management
- Inventory to / from job
- Workflow / approvals
- Document management
- Total system integration
Solutions – SAP Business One / Workbench.