Overcoming Roadblocks to Efficiency in the Construction Industry
Roadblocks to efficient expense management in construction include a distributed workforce, poor project spend visibility, cash flow issues, difficulty tracking billable expenses, revenue leakage, siloed systems, and limited tech skills. And that hits the bottom line. But ETHOSystems, working through Sage Intacct with the Fyle integration, has a solution to make running your business more effectively by removing time-consuming admin.
Why Sage Intacct?
Not only is Sage Intacct a leading cloud financial tool that adapts to your construction or real estate business, but its open API makes for powerful integrations and greater control.
The Power of Fyle Integration
In this case, ETHOSystems has partnered with Fyle, a modern expense management platform. This makes it possible to automate expense reporting and credit card reconciliation for its clients. This means as soon as users spend on their credit cards, they receive an instant notification via SMS and/or Slack. Users send a picture of the receipt, and the Fyle integration matches it to the correct expense in your system.
Real-Time Visibility and Time Savings
This saves time for controllers and managers and keeps the field learning curve minimal. No more chasing receipts from past days, weeks, or months. Fyle’s 2-way Sage Intacct integration captures critical info instantly, giving the office full visibility. Moreover, it auto-syncs dimensions like GL codes, Job Cost, Job Type, Projects, and Cost Centers—making it ideal for the construction industry.
Driving Profitability and Growth
Fyle’s seamless integration with Sage Intacct helps clients boost revenue, improve profitability, and grow by enhancing accuracy and efficiency. Users can export reimbursable and corporate card expenses—like bills, journal entries, and credit card charges—with a single click.
A Vision for the Future
“We have been working to build a world where not a single second is spent on managing expenses. Administering employee expenses isn’t core to anyone’s role, but it’s time-consuming and frustrating”, said Yashwanth Madhusudan, CEO, Fyle. “We look forward to working closely with the ETHOSystems team to bring the combined best-in-class solution to construction and real estate companies in the US.”
Get the right tools in place to make running your business less about the admin and more about the work you do. Contact ETHOSystems to learn more about Sage Intacct and the Fyle integration to give you the transparency and efficiency you need.
