As an electrical contractor, you’ve hired several well-qualified camp electricians in the Ft. McMurray, Alberta oil area. They were all eager to become full-time employees with your company when they learned about your reputation throughout the oil and gas industry.
The backbone of your company, and the reason you’ve won so many bids, is top-notch personnel – and your use of the latest electrical contracting software. Such software provides better business management options, leading to better decision-making while automating daily back-office tasks.
Good contracting software tracks the materials moving in and out of a project along with the associated labour costs. It can handle multiple projects simultaneously, which includes tracking costs associated with new, used, or rented equipment on a per-project basis. Moreover, parts inventory and maintenance schedules can be monitored.
Your use of electrical contracting software means that your information isn’t trapped in legacy programs like the Microsoft Office suite. Your change orders are documented throughout the entire system, not just in a single document, email, or spreadsheet, so all important parties have the up to date information they need to make smart decisions.
One of the keys to having a healthy cash flow is the ability to bill clients as phases are completed. It’s also good business practice to pay your vendors on time; good electrical contracting software tracks “retainage and holdbacks” to make these tasks easier.
Overall, a good software platform allows you to monitor projects’ completion stages as well as specific job categories. With these advantages, electrical contractors can keep change orders straight, keep information up to date, and accurately track profit and loss.
Contact Asyma Solutions for more information.