Construction Finance Consulting
Construction projects are often high risk, high reward. But that doesn’t mean it’s impossible to plan for. In our experience, when COINS ERP and IBM Planning Analytics are combined, magic happens. Well, not magic, but really solid budgeting and forecasting that actually helps you reduce your risk and maximise your profitability.
Common Issues
Projects in the construction industry will usually be complex and exceptionally varied, making them hard to track financially. We typically see difficulty in:
Managing Complex Project Costs
From materials and labour to subcontractors, managing projects in the construction industry means keeping a close eye on cost. Doing that, however, is much more complicated than it might seem. With scattered data and outdated systems, you’ll end up with delayed insights, things costing more than you expect, and difficulty maintaining your profitability in the long run.
Cash Flow Management Across Long Project Timelines
Construction projects are either good, on time, or on budget, but never all three. The long timeline and uneven cash distribution makes it difficult to remain liquid and fund the ongoing operations. If payments are missed or there are delays in receivables, your ability to pay your vendors or invest into new projects are severely hindered.
Compliance and Financial Reporting
Construction can be a highly regulated environment that requires detailed reports, a lot. Whether it’s for stakeholders, auditors, regulators, you name it, you’re doing a report for them. Doing these detailed reports manually is time consuming and error-prone, especially when you’re doing it across multiple projects and areas.
How we fix it
Managing Complex Project Costs
We integrate COINS ERP with IBM Planning Analytics, centralising your financial and operational data into just one platform. You get to track costs in real time, keep an eye on the project budgets, avoid things cropping up out of nowhere, etc. We can help you build a system that allows you to have complete and total visibility, so you can make adjustments, stay on track, and improve your profitability.
Cash Flow Management Across Long Project Timelines
We build models that help you forecast your cash flow throughout the entire project. By combining historical trends with real time data in the system, you can predict funding gaps, plan payments, and make sure that you have a solid strategy to keep cash flow moving throughout the project and reducing the risk of disruption.
Compliance and Financial Reporting
It’s time to automate it all. What is AI for if not to help us automate our reports and compliance checks? We mix COINS ERP with IBM Planning Analytics to simplify the reporting process, so you can make sure that you’re getting accurate data and gaining back time for strategic planning.
Tell us how we can help
Book in a chat with our team
Case Studies
Don’t just listen to us, our clients always say it better than we do. We’re just too humble.
