News
4PS Construct: Forecasting Outstanding Costs Against Budget
28-02-2019
Cost Value Reconciliations (CVR) commonly involves a high level of manual intervention and time delays. See how you can stay in budget, control costs versus budget and forecast accurately.
The CVR process generally includes compiling a snapshot of the project and then distributing it out to QS's and Site Managers - waiting on their response which may be in a modified Excel format, and then posting these figures either directly to the GL or to the project manually.
4PS allows you to create the project snapshot, update the forecast figures in a standard format within the system, manages actual progress on projects and then use the updated figures for calcuating updates to the general ledger - all at once without bottlenecks or manual intervention. This can knock days or weeks off the periodic CVR process within your business.
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Keeping engineers on the road in touch with the office can be a challenge. Plans will change on a weekly, daily and hourly basis and will need to be communicated - which can involve labour intensive telephone calls, texts and emails taking place outside of the system.
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Improving Cash-Flow Through Technology
Late payments can have a serious impact for many businesses. It can have a dramatic effect on cash-flow, lower the amount of working capital in the business and put lots of pressure on business owners.
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Video: Making Tax Digital
Our Making Tax Digital webinar is now available to watch online! Making Tax Digital is a UK government initiative that sets out a vision for the 'end of the tax return' and a 'transformed tax system' by 2020. HM Revenue and Customs states that the main goal of MTD is to make tax administration more effective, more efficient and simpler for taxpayers. See how you can do this through your Dynamics system.
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