fbpx

Published July 7, 2022 . 3 mins read

A Game-Changer for Contractors Using Foundation Accounting Software

The newly launched marketplace is packed with dashboards Foundation Software users can easily access

Most contractors know they have lots of underutilized data that could be analyzed to identify and respond to project and company trends. At the same time, they are often unsure of how to get started and/or afraid that implementing a business intelligence solution will cost too much and take too long. Wouldn’t it be nice if contractors could have instant access to insights that provided them with that competitive advantage?

Now there is, thanks to the “construction data nerds” at ProNovos.

Our newly launched Analytics Marketplace is a one-stop-shop for downloadable, off-the-shelf dashboards for Foundation Software contractors.

Accessible in the ProNovos platform, the Analytics Marketplace provides new insights from Foundation data with dramatically lower implementation times and costs. We’re adding modules/dashboards all the time, but the Marketplace already offers…

Change Order Analysis

Projected Final Costs

WIP (Work-in-Process)

Company Monthly Billings

by Bruce Orr

OFF-THE-SHELF VS. ‘IMPLEMENTATION’

Traditionally, when contractors sign up for resource-management and analytics tools, they wait anywhere from four to eight weeks to start benefiting from new insights into their project and company performance.

But as a Foundation Software Partner, ProNovos has been working with accounting and operational data  for many years. As a result, we’re able to build analytical solutions that deliver actionable dashboards for Foundation subs and GCs. That means you can hit the ground running by visiting our Marketplace and downloading the solution you need.

The Company Monthly Billings report, for example, allows Foundation contractors to see exactly which PMs are falling behind on billing — and by how much. It’s easy to use, so no training is required.

You could go into PM Jane Smith’s projects and see her billings for the month of June. The properly billed items would be green; the ones she hasn’t billed yet are red. Using our dashboard, you could see right away that there were unbilled invoices for $205,000, $30,000 and $25,000. You’ve had lots of job costs for the month, but you didn’t bill.

The Company Monthly Billings report allows Foundation contractors to see exactly which PMs are falling behind on billing — and by how much.

For this and other Marketplace modules, ProNovos is also creating supplemental analytics solutions that stand to further speed up the time to insight/results.

In the construction industry, running a tight ship has always been important, but it is all the more so today given the acute labor shortage and high materials costs in the industry. For Foundation contractors, the Marketplace-based approach stands to save time and money and answer big-picture questions: Where are we now? Where do we want to go? And what’s the fastest and most profitable route to get there?

For Foundation contractors, the Marketplace-based approach stands to save time and money and answer big-picture questions: Where are we now? Where do we want to go? And what’s the fastest and most profitable route to get there?

For Foundation contractors, the Marketplace-based approach stands to save time and money and answer big-picture questions: Where are we now? Where do we want to go? And what’s the fastest and most profitable route to get there?