Published June 28, 2023 . 5 mins read

Managing a construction business involves juggling numerous moving parts, from pre-construction to closeout. To streamline collaboration between the field and office and allow executives to focus on the big picture, it’s crucial to ensure that the entire business is equipped with timely and accurate data on financial performance.

While having access to data is essential, understanding and making sense of that data is equally important. This is where pre-built dashboards and automated financial workflows come into play. These dashboards empower users with rapid analysis of company and project performance. They spotlight crucial KPIs, offering valuable insights to safeguard profit margins and optimize cash flow, facilitating informed decision-making.

2. How will this approved or pending change order impact the profit margin of my project?

Change orders can significantly impact a project’s profitability and understanding that impact is crucial to making informed decisions. The Company Change Order Report helps you quickly analyze a change order’s financial impact and make adjustments to protect your profit margin.

4. Are any job cost activities at risk of having a cost overrun?

The real-time Job Costs Report identifies which activities have cost overruns on a particular project. By regularly generating and analyzing these reports, users can take immediate action to eliminate budget-busters before they get out of hand.

6. How has the profit margin changed during the project?

Understanding how your profit margin has changed over time is crucial to identifying potential issues early on. The Project Dashboard allows you to view profit margin trends and identify areas where you may need to make adjustments to protect your profitability.

8. Who’s your top customer?

Use your customer data to identify the clients most valuable to your business. The Customer Analysis dashboard provides insights into customer behavior, such as payment history and trends, to help you make informed decisions about resource allocation and customer relationship strategies.

9. What are our active projects’ current percentage completion and profitability?

Make informed decisions about resource allocation and project management. Analytics dashboards can automate real-time data on your project’s financial health, allowing you to understand where each project stands and protect your profitability.

10. What is our current cash balance, and how has it changed this month?

Monitor your cash flow more efficiently and in real-time. The Executive Dashboard provides data on your cash position, allowing you to make informed decisions about spending and investing.

Our workflows make it easy for you to have a deeper understanding of your financial data, enabling more informed decision-making for your construction business. Additionally, our dashboards offer robust data governance, allowing users to control information access based on roles and permissions, ensuring that each individual sees only the information they need.