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Construction businesses face low profit margins and an increasing restrictions labour supply. That's on top of tight cash flows and cooling market demand.
To scale upwards, construction businesses need to overcome challenges like: poor visibility into project profitability, and status, project budget overruns, difficulty accounting for labour costs, and matching subcontractors' bills to work performed, and more.
At AFON, we've helped our construction industry clients keep their projects profitable with better visibility of projects, from status and costs to labour usage, and more with our ERP solutions and deployment. Our solutions for construction businesses include:
Cost projects at every detail and keep projects on time and on budget. Overhead costs are calculated automatically for you based on the Activity-Based Costing (ABC) method.
Choose from multiple ways of recognising the project revenue of works-in-progress and gain insights into profitability while staying compliant with industry regulations.
Bill customers and be billed by your subcontractors based on project milestones. Manage retention amounts by different due dates and percentage of work done.
Your employees can easily record labour hours and charge them, project by project. Or easily connect your existing timesheet and ERP systems.
Purchasing, inventory, receivables (A/R), and general ledger (G/L) functionalities are integrated with project management, so you've a single overview of your business.
Quickly and accurately track project/job status, job revenue vs costs, job detailed transactions, etc. with easy-to-use reporting tools.