Author: admin

Imagine being a multi-dollar construction company creating a new state-of-the-art facility and finding itself late and over budget, accruing losses and delaying revenues by the day. Or – maybe you don’t need to imagine — this may be a common occurrence. As construction companies face increasing complexity, project leaders find themselves looking for new solutions […]

Traditionally, many construction companies used physical timecards to keep track of their employee’s work time (or time spent on their allocated job). Timecards have also been effective at estimating project costs and client billing. Why are timecards and attendance tracking critical for successful projects? Timecards effectively improve project execution and help to control any project […]

By 2025, experts predict that there will be rapid acceleration to the cloud. Driven by the demand for integration capabilities, agile work processes and composable architecture, Gartner Inc. predicts that companies will dedicate 51% of enterprise IT spending toward technologies that support a transition to the cloud, compared to 41% in 2022. Companies are moving […]

Regardless of the industry, streamlining payroll processes and ensuring employees are paid correctly and on time are top priorities for every HR department. But managing the payroll needs of a growing workforce is not easy. The heavy reliance on manual data entries often takes a toll on employees while also increasing the risk of errors and non-compliance. […]

It is quite common for small and medium businesses to invest in QuickBooks early in their journey to digitizing core functions like accounting, payroll, and billing. Construction companies also find it helpful to organize some of their major back-office administrative functions and support reporting. Since its market introduction, QuickBooks has successfully delivered financial solutions for […]

During the era of the great resignation, HR and payroll professionals must not be excluded from hybrid and remote work models. This becomes even more glaring when 97% of employees don’t want to return to the office full-time. Providing employees with the perks of working remotely is a must in today’s workforce, which means including […]

As the COVID-19 pandemic created disruptions worldwide, there was a paradigm shift in how businesses enabled their workforce to work comfortably and safely. Remote work became a norm in most domains. But the ones where the physical presence of the workforce was deemed necessary, like the construction industry, did not have this luxury of remote […]

As the construction sector grows, unifying data across fields, sites, and contractors is crucial to achieving end-to-end visibility into contracts, clients and financial books. But with most companies still using entry-level financial accounting software, which does not provide accurate project accounting.the issues in reconciliation of contract billing and costs at the end of the month and […]

As a construction company, how do you manage business finances? Do you use in-house systems or outsource this function to an external resource? The reality is that most businesses use a variety of resources to manage their financial accounting. The challenge of getting what is needed from these varied systems is even greater for the […]

The US economy incurs more than $7.4 billion in losses every day due to untracked work hours. If there’s confusion over how employees are spending their workday and how much time a particular project’s taking, it’s nearly impossible to fine-tune miscalculations, potential time theft, or any other inaccuracies. Since efficient time tracking is critical for construction payroll […]