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What is construction project management software for Australia?
Companies in Australia use construction project management software to monitor the profitability and progress of the projects they deliver.
It is critical that this software works with Australia-specific regulations and handles the local workflows. The software must provide payment schedules and a way to manage claim retentions.
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See if your costs are going over the budget
You can see your committed costs for each job at all times. Committed costs are all forecasted costs for a job – purchase orders, subcontracts, and other costs.
Without this insight, it is difficult to know what the profitability is before the project ends. Since you now know the forecasted totals, you can react earlier. Whether you need more credit or you need to tell your customer, it doesn’t matter.
Automatic payment schedule preparing
You can track the subcontract fulfillment with Planyard. In addition to this, Planayard also helps you with payment schedules. When you approve a claim, the subcontractor receives a payment schedule report.
In addition to that, Planyard also keeps track of retentions. When the work is completed, you can just release the retainage and forward the info to accounting.
Send pre-approved costs to accounting from your construction project management software
After you confirm your costs in Planyard, the info will be sent to accounting. For example, Planyard integrates with Xero and QuickBooks.
The costs are approved and connected to jobs by a project manager who knows what budget line-item the cost is connected to. Because of this, you don’t need back and forth discussions with accounting.
Track main contracts and claims against costs
You can manage your main contracts in Planyard and see the cash flow and profitability for each job and package.
You can bill the client every month and ask for their approval. If they approve the invoice, the budget will also automatically be updated to reflect that.
An experienced construction financial director on Planyard
Our customers about us
“I wanted to escape the spreadsheets, escape the manual data entry, and look for ways to stay on top of the budget numbers. It’s challenging within a development company to keep on top of your numbers.
So I came across Planyard in a search to improve the budget management processes and, to make my own life easier.
Planyard does that, and it takes your project budget and puts it very clearly on screen for you so you have a live real-time picture of where your project budget is at any given point.”
Manager, Higgihaus Developments
“I have been working on cloud accounting tools like Xero and Quickbooks which are excellent, but they don’t have a specific construction-based costing tool.
Construction companies rely on expensive quantity surveyors and project managers to do a lot of data input on packages such as Excel which takes them away from focusing on value-added activities and driving the profit growth.
When I came across Planyard, I was relieved that there was finally a solution to this problem. Quotes, subcontract orders, purchase orders, invoices, progress bills, etc are put on the system and it’s linked directly to the budget, CVRs, subcontractors, and the suppliers. This is making people’s lives a lot easier. Data is at hand, it’s automated and it gets everyone away from the out-dated requirement to fill out spreadsheets.”
ACMA, CGMA, Director, Live Management Accounts Ltd
Still using Excel for budget management?
There’s a better way.
Spreadsheets are not the best way for managing job costs
- It’s too easy to make mistakes;
- You can’t see behind the numbers;
- It’s hard to standardize and ensure compliance;
- There’s no real-time overview of profitability forecasts;
- It means duplicate work for PMs and accountants.
Planyard saves time and nerves
Follow your budget in real time and take immediate action when errors occur. Job costs are organized, and fully searchable and accessible for forecasting, project management and more.