Built for construction
Topics: Construction, Consulting, Business Management Software, Accounting Software, Contractors, Technology, Sage 100 Contractor, Construction Software, Estimating, Financial Accounting, Software, Sage, Intacctconstruction, Asyma Solutions
Asyma Solutions has been helping customers, particularly those in the Field Service and Construction Industries across Canada grow since our founding in 2005. We provide our customers insight into their business faster, more accurately, and with a more integrated approach than ever before. In addition to our deep expertise in helping field service and construction contractors find and implement the right solution for their business, our departments of expertise and experience also reaches into Wholesale/Distribution, Non-Profit, First Nations, Faith Based, Healthcare and Manufacturing/Fabrication.
Topics: Productivity, Construction, Business Management Software, Sage 300, Business Process, Wholesale Distribution, Automation, Budgeting, Technology, Guiding Great Businesses, Construction Technology, Sage 100 Contractor, Net Promoter Score, Estimating, Sage Software, Sage Intacct, Cloud, Financial Accounting, Dashboards, Integration, Accounting, Asyma, Asyma Solutions
A cloud financial management system can provide your business with the tools to successfully compete in a connected, digital world. Key advantages include:
Talking with a few of our current and prospective customers in Alberta, they all voiced the same sentiments that the job profitability margins were very tight due to the economic climate. Believe it or not, now is the best time to look at improving efficiency; from collecting time from field personnel, reducing job costs to improving bid process.
Sage has had a phenomenal year of strategic alliances and acquisitions. This has made Sage 100 Contractor even more appealing to the construction industry in terms of increasing efficiencies while watching the bottom line.
Sage has partnered with:
Procore Project Management Integration
Procore now works with Sage 100 contractor to automatically share data between project personnel in the field and in the office staff. This means that you will reduce double entry, thus reducing human error that comes about from transcribing handwritten notes.
This is a 2D takeoff tool that has two-way integration capability for pushing takeoffs and making changes to an estimate. This will reduce the time you take to do a quantity takeoff by using an electronic drawing. This eliminates the need of printing and measuring your plans.
This is an Excel Add-in solution that is mainly used for analytics, reporting and workflow. Therefore, you can harness existing Excel skills which means a smaller learning curve. You can also create customized reports according to your reporting needs. This core functionality is extended to any SQL database.
Sage’s strategic alliances and acquisition shows that they are continually investing and enhancing their product offering.
If you are looking for real visibility for your business, Sage 100 contractor is a logical next step from Sage 50 and or QuickBooks. The core functionality will have General Ledger, Payroll, Accounts Payable and Receivables, Project Management, Purchase Orders and over 1,200 pre-built reports. Optional modules are Estimating, Document Control, Service Receivables and Inventory. Procore, eTakeoff and Liberty Reports are fully integrated with Sage 100 Contractor. These tools that will give you the extra edge to increase efficiencies and productivity at the same time.
For more information on the technology available Click Here
Do you want to provide and know more details about your job costs? If you are like most people, the answer will be absolutely!
This is where Construction Accounting Software comes in. Construction accounting has the same accounting principles with regular accounting. However, it has several distinct features like Job/Contract Holdbacks, Fixed Price, Time & Material, Unitary, Progress Billing and Job Costing (direct & indirect).
Since construction accounting is project based and each job is a profit center, we want to make sure we capture all transactions that are specific to each job.
We do this by using a process called Job Costing (or expense, cost coding). This is where you separate costs/activities into different categories like Concrete, Plumbing, Electrical etc. Once you have figured out your cost codes, you further group them in to cost types Labour, Equipment, Material, Subcontract, and other etc. Job costs will work in concert with the G/L.
When your tasks for each job is broken into activities called cost codes, it makes it easier for you to identify areas of concern by producing actionable reports. This means you can quickly identify areas that need improvement by comparing your actuals with budgeted costs. Therefore, you will be able to closely monitor your key performance indicators (KPI) like: Sales (Revenue) Growth, Income sources, Profitability over time and Working capital.
Your software should be setup to track each job, then show how it affects your company’s profitability. Construction accounting has a learning curve which can be easily achieved with Asyma Solutions help. Job costing helps any construction/service-related company to properly manage project-centered businesses.
Using KPI’s and being able to generate on the fly reports enables you to know which projects to pursue and which ones to let go.
Sage 100 Contractor is a logical next step from Sage 50 and/or QuickBooks. The core functionality will have General Ledger, Payroll, Accounts Payable and Receivables, Project Costing, Project Management, Purchase Orders and over 1,200 pre-built reports. Optional modules include Estimating, Document Control, Service Receivables/Management and Inventory. Procore, eTakeoff, Sage ToolOps and Liberty Reports are fully integrated with Sage 100 Contractor as added enhancements based off of your business requirements. These tools that will give you the extra edge to increase efficiencies and productivity at the same time.
For more information Click Here
Are you doubling up on payroll processes/systems? Are you thinking of using Sage 100 Contractor payroll? If the answer is yes, then keep reading…
You have one system that collects time and the other system does accounting. The two systems can’t talk to each other. This results in duplicate data entry and added costs.
How much is it costing your organization to run two systems? How happy is your payroll person every pay period?
Watching costs is at the heart of every business. Remaining profitable with higher costs is a self-defeating endeavor. However, you can minimize your costs considerably in the long run when you streamline your business processes. This means acquiring or investing in a solution that captures costs against the job, which includes payroll.
In my experience, you should invest in a system that is able to address your key pain points and has a high Return on Investment (ROI). If current systems and procedures do not tick all your boxes, then the alternative is to look at other complementing systems (vendors).
For example, you can have a great system that does a great job in accounting and project management but doesn’t capture time in the field. True nirvana is one system that does it all. The reality is that no system will ever give you 100% of exactly what you need but you can sure as heck get very close to 100%.
An integrated solution that you plan to implement should:
As listed above, there are several advantages of having ‘one’ integrated software solution. But, how do you off the two separate systems?
At Asyma Solutions we are well versed in moving/converting customers from other payroll systems to Sage 100 Contractor Payroll. You can use Sage Service/Field Operations and/or HH2 to capture time in the field and have it sync in real time to the back office Click Here.
If you are interested in learning more about the technology available for your business don’t hesitate to contact us at firstname.lastname@example.org or 1-877-448-9895.
Topics: Project Management, Productivity, Construction, Business Process, Technology, Guiding Great Businesses, Construction Technology, Mobility, Construction Software, Project Costing, Construction Reporting, technology best practices, small business
Historically, it is easy to see how technology has been adopted and how it has fundamentally changed a lot of key business practices around us. From the first commercial use of technology in an 1890 United States census (Source) to the mass adoption of Steve Job’s iPhone, technology has always pushed the limits of what is considered possible and opened our eyes to further opportunities. Today, that same sentiment still exists.
When it comes to construction reporting, timing is everything -- the closer you are to real- time reporting, the better your opportunities to respond to emerging project issues. Success in the construction industry is dependent on timely, accurate reporting that gives you a wide-angle view of your operations with zoom-in capabilities. As a construction owner or manager, how can you consistently make good decisions without real-time reporting? If you are using QuickBooks or Sage 50 for your accounting, you are likely using Excel or some other stand-alone solution to track your projects, resulting in decisions based on outdated, inaccurate data. These decisions could result in significant project issues which could break your company.
Construction-specific software makes it easier than ever to make informed, timely business decisions. Getting the financial big picture is no longer a big hassle -- and no detail escapes you because all details are integrated in a central system with a single source of project data truth.
You can keep key project personnel in the loop by capturing and sharing valuable site-specific data; and that information is accessible even when you’re not in the office, keeping you more in touch, and more in control, than you’ve ever been before. How improved would your decision making be if you had accurate, timely information at your fingertips whenever you wanted it? How long can your business survive when project cost overruns occur due to your inability to respond to issues as they are happening?
Current construction-specific software solutions are able to provide real-time reporting that can make or break your construction business. Sage 100 Contractor is one construction-specific solution that features user dashboards, custom alerts, and over 1,200 built-in reports. It gives you that complete wide-angle view of your operations with drill-down, zoom-in capabilities to the details.
Topics: Productivity, Construction, Business Process, Project profitability, Guiding Great Businesses, Sage 100 Contractor, Mobility, Construction Software, Project Costing, Estimating, Construction Reporting, Budget Vs Actual
One of the main tasks of running any business is knowing where you are at operationally. By having a dashboard where you can quickly see a total of new service orders created, current invoices, past invoices and completed calls; not only helps in resource planning but keeps your mind at ease in focusing on what matters.
A case in point, we recently had our stove fixed at home. At the end of the job, the technician pulled out the paper service receipt and rubbed the face of the credit card for payment. Prior to this technological payment taking process, the technician had come previously and informed us that he didn’t have the part and left saying he might have to reschedule the work for another day. This left the kids and more importantly, left me with no more chocolate chip cookies for a week! Before I Hulk out on how inconvenient this was, as an owner of this business, I would have wanted to know;
Here and now, there are tools that enable you to have this kind of visibility. With a real time, streamlined process, your sequence of activities would be;
With this kind of setup, you are receiving real time information from the field, where the technicians use their mobile devices to provide this info. The real time info ties in to your backend accounting.
Some of the benefits are;
Back to our recent encounter with the third kind, the technician came back the same day and the invoice/receipt charge made it to my credit card eventually.
We are at an age where we can cohesively work with technology to make us more efficient provided our internal processes are clearly defined.
Click Here to see the technology available – Sage Service Operations video