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Construction Businesses

Access timely, accurate financial reporting and analysis.

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Businesses in construction can quickly become complex, especially when expanding into multiple trades. Managing job-level reporting, Work in Progress, and monthly financial statements often grow increasingly complex with each new trade added.

We specialize in implementing efficient tracking by trade or division, a task often daunting for many. With our help, you can gain a clear understanding of soft cost usage, vital for accurate project estimating and strategic business planning.

Real-time reporting.

Our approach is tailored to your specific needs, offering software implementation and support, financial reporting, and dedicated CFO services. We have perfected our weekly and monthly reporting methods, providing you with a robust framework for real-time financial transparency tailored especially for construction companies.

FAQS

Frequently asked questions.

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Growth within a business often triggers the need for structured financial reporting, particularly when new requirements arise from banks or bonding agencies. Implementing robust financial reporting systems is essential to meet these external demands and support continued growth.

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Timely and accurate reporting is crucial for decision-makers to assess the company’s performance effectively and make informed decisions. Without accurate data from both job-level and company-wide perspectives, strategic planning and operational adjustments can be misaligned with the company’s actual performance and needs.

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Foundation Software provides comprehensive solutions tailored for construction industry needs, including:

  • Integrated Payroll: Manages complex construction payroll requirements, supporting multiple pay rates and union rules.
  • Job Costing: Offers precise tracking of materials, labor, and other expenses to ensure projects stay within budget.
  • Project Management: Enhances project oversight with detailed, customizable financial reports and progress billing, including AIA forms.
  • Billing Flexibility: Supports various billing methods crucial for construction contracts.
  • Document Management: Streamlines the management and accessibility of essential project documents.
  • Regulatory Compliance: Automates compliance and reporting for taxes and insurance, reducing the risk of errors and non-compliance.

These features help construction companies streamline operations, improve financial accuracy, and manage projects more effectively.

Notion CFO & Advisors has brought fresh and impactful ideas to our business that have improved our bottom line.
Kollhoff

Let’s partner up and bring your ideas to life.

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info@notioncfo.com