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What is construction project management software for UK?
UK companies use construction project management software to monitor the profitability and progress of the projects they deliver.
Businesses can use this type of software to estimate the cost of delivering different types of projects, identify actual costs, and compare them to calculate profit. It is critical that this software works with UK-specific regulations and handles the local workflows.
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Easily collect invoices and receipts
You can use Microsoft Outlook and Google Chrome (for Gmail) extensions to help you organize invoices when browsing email. When you are on the go, you can use Android and iOS apps.
After your approved subcontractor claims, the subcontractors can automatically attach the invoice themselves.
For all other invoices, there are unique accounts payable email addresses for each project and one for the company as well.
Track retainages of subcontracts automatically
You can track the subcontract retainages automatically with Planyard. Due to this, you don’t have to keep track of them manually anymore in an excel file somewhere.
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 costs will automatically be forwarded to your accounting software for paying out.
A project manager approves the costs and connects to jobs since they know 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 valuations 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.”
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.