Unify and streamline your construction financial workflows to gain new insights, boost cash flow, protect profit margins, and reduce manual reporting. Our automated Financial Workflow tools allow contractors to focus on growth, saving time and money along the way.
Projected Final Costs
A standardized way to update and track cost-to-completion across all projects. Gives all project stakeholders clear financial visibility into a project’s profit margin to monitor fade or gain.
- Capture and note the root cause of a budget adjustments to identify trends across projects to pinpoint issues and highlight areas needing improvement and success.
- Calculate updates by percentage complete, cost-to-complete, projected final hours, and quantity complete.
Projected Final Costs
A standardized way to update and track cost-to-completion across all projects. Gives all project stakeholders clear financial visibility into a project’s profit margin to monitor fade or gain.
- Capture and note the root cause of a budget adjustments to identify trends across projects to pinpoint issues and highlight areas needing improvement and success.
- Calculate updates by percentage complete, cost-to-complete, projected final hours, and quantity complete.
Automate the Work-in-Progress Report
Seamlessly have your WIP report updated and turn it into a dynamic tool that gives proactive visibility into all projects performance.
- Customize the report to highlight KPIs that matter the most and filter through real-time information based on different conditions.
- Have visuals and drill paths to highlight areas of risk or success to know what needs to be done.
Automate the Work-in-Progress Report
Seamlessly have your WIP report updated and turn it into a dynamic tool that gives proactive visibility into all projects performance.
- Customize the report to highlight KPIs that matter the most and filter through real-time information based on different conditions.
- Have visuals and drill paths to highlight areas of risk or success to know what needs to be done.
Cash Flow Forecasting
Create a comprehensive view of your financial situation by tracking cash inflow and outflows to identify potential cash shortages to address.
- Simplify forecasting processes to allow your business to flag potential problems, confidently make future decisions, and ultimately help the business grow.
- Customize the tool to fit your business needs, easily add and modify additional sources of income and expenses.
Cash Flow Forecasting
Create a comprehensive view of your financial situation by tracking cash inflow and outflows to identify potential cash shortages to address.
- Simplify forecasting processes to allow your business to flag potential problems, confidently make future decisions, and ultimately help the business grow.
- Customize the tool to fit your business needs, easily add and modify additional sources of income and expenses.
Improve Collection Efficiency
Streamline the process of payment collection to reduce the time, effort, and costs required to collect payments.
- Send automated emails notification to customers reminding them of due invoices. Add information such as the amount owed, due date, and track the aging status.
- Analyze the total outstanding invoices due, retention, and who needs to pay what to maintain strong cash flow.
Improve Collection Efficiency
Streamline the process of payment collection to reduce the time, effort, and costs required to collect payments.
- Send automated emails notification to customers reminding them of due invoices. Add information such as the amount owed, due date, and track the aging status.
- Analyze the total outstanding invoices due, retention, and who needs to pay what to maintain strong cash flow.
Change Order Requests
Easily create a change order; add all the pertinent information needed. Line items and populate costs for labor, material, equipment, and subcontractors, as well as add comments and qualifications to the request.
- Enhance visibility of potential cost impacts through a comprehensive list of change orders, monitor and track their status so that nothing falls through the cracks.
- Streamline communication between project stakeholders, choose the level of detail to share with clients ensuring that everyone is on the same page regarding the additional work being performed and its associated costs.
Change Order Requests
Easily create a change order; add all the pertinent information needed. Line items and populate costs for labor, material, equipment, and subcontractors, as well as add comments and qualifications to the request.
- Enhance visibility of potential cost impacts through a comprehensive list of change orders, monitor and track their status so that nothing falls through the cracks.
- Streamline communication between project stakeholders, choose the level of detail to share with clients ensuring that everyone is on the same page regarding the additional work being performed and its associated costs.
Revenue Forecasting
The revenue forecasting tool provides a streamlined process for your business to project their revenue accurately. It visualizes targets at both the company and project level.
- Enhance forecasting accuracy using your most up-to-date data from the current backlog and prospective projects to create a clear picture for strategic decision-making.
- Have the flexibility to update and adjust forecasts based off different scenarios; including the use of standard curves that includes project percent and cost distribution.
Revenue Forecasting
The revenue forecasting tool provides a streamlined process for your business to project their revenue accurately. It visualizes targets at both the company and project level.
- Enhance forecasting accuracy using your most up-to-date data from the current backlog and prospective projects to create a clear picture for strategic decision-making.
- Have the flexibility to update and adjust forecasts based off different scenarios; including the use of standard curves that includes project percent and cost distribution.
Every project manager had their own excel sheet and way of doing it so when it came time for job reviews it was more painful than it needed to be. ProNovos has drastically simplified this process for us.
Wick Zimmerman
CEO, OTL, Inc.
Integration Library
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