Business Advice for Construction

Blog posts for construction companies including general business advice, technology, and trends for construction companies. Thought leadership for Sage CRE solutions.

Sage 300 CRE User Training – Where’s the Manual? #StopMeIfYouveHeardThis

One question often asked of our ETHOSystems Sage 300 Construction and Real Estate consultants is, “Where is the user manual for the software?” This question is posed by brand new users and more experienced users alike. Whether you are new to your company, your company is new to Sage 300 CRE, or you just want …

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Have We Been Paid for That Delivery? #StopMeIfYouveHeardThis

Have we been paid for that delivery?   It’s Thursday morning, just shy of 10:30am and your phone rings. It’s “that” person, again. That person who has access to the same data and reports you do but ‘can’t find’ the answers. The same person that won’t use the reports sent out every Monday via MyAssistant. …

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Construction worker in the field holding construction hat and inputting into a smart phone

Change Order? What Change Order? #StopMeIfYouveHeardThis

Change Order? What Change Order? In the world of construction there is a never-ending process of change. But while change might be in the nature of the construction business, the lack of an accessible central source for relevant up-to-date data has a cost. In fact, the FMI Construction Report, “Harnessing the Data Advantage in Construction” …

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Image of a measuring tape and phone and paperwork

Why More Construction Companies are using Salesforce #MakeYourForemanHappy

Why More Construction Companies are using Salesforce….and how Sage Intacct can help! Over the last several years, construction companies have been embracing CRM to keep prospects and customers’ information in one system.  The need to track estimates, communication, appointments, and proposals in one system is becoming imperative as construction companies now have multiple salespeople, project …

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Construction worker on the top of a building site

Project Change Orders Now in Sage Intacct Construction #MakeYourForemanHappy

Project Change Orders have been added to Sage Intacct in 2021 R3.  You have the ability to: Link one or more change requests (added in R2) to a project change order Easily reference the total price and costs of all linked change requests Align statuses between the project change order, change requests, and estimate changes. …

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Project plans

Project Estimates – Best Practices for Sage Intacct #MakeYourForemanHappy

Using best practices when setting up Project Estimates within Sage Intacct allows you to enter projected costs against the Project, Cost Codes, and Cost Type.  You can create change order estimates.  Once set up, you can then track the actual costs against your estimate.  Sage Intacct tracks this by posting the Project Estimates to the …

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Strategically plan a software lifecycle

by Joanie Hollabaugh, Sr. Director of Marketing and Mark Jensen, Director of Business Development Planning a Company Growth Strategy If you’ve ever been through a Strategic Planning exercise for your company (and I highly recommend it), you are instructed to brainstorm your goals and KPIs in phases. Often companies are so caught up in the …

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How to fight internal fraud

01Submitted by Bryan Eto, CPA BeachFleischman Quarter million (plus) in losses! Internal fraud drains more than $3.7 trillion annually from global businesses, according to an estimate by the Association of Certified Fraud Examiners (ACFE). The median loss from internal fraud at companies in the construction industry is $259,000, according to ACFE’s latest Report to the …

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Tax Savings from Cost Segregation Studies Add Up for Businesses

Submitted by Bryan Eto, CPA BeachFleischman Has your company invested in buildings this year to rent out or use for business purposes? Real estate investors have used cost segregation studies for many years to lower their tax bills. In a nutshell, these studies divide property into smaller parts, allowing for faster depreciation of certain parts of …

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The Power of Software Integration

Integration: The whole becomes greater than the sum of its parts Adding an application that fully and properly integrates with your primary data will expand your capabilities! Realize the potential in the power of software integration. Think about your software and what was implemented first – General Ledger, Payroll, Accounts Payable, Job Cost. You might also …

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Beyond the Income Statement

by Pam Schulz, Sage Certified Consultant 5 things to know about your numbers Smart owners and managers use standard financial reports to study profitability and organizational health. But by looking beyond the Income Statement, you can find critical information to improve Estimating and Project Management. 1.  What is my Margin (Gross Profit)? How does this …

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