Construction · Industry Solution
Finance for Construction
In construction and contracting, project budget, progress payments and subcontractor management require functions to see cost, progress and cash flow together at project level. Track cash flow in real time and safeguard your financial health. Cash, bank, loans, post-dated cheques and notes, collections and payments — fully integrated with accounting, sales and purchasing in a single source of truth.
Construction context
Why Finance works differently in Construction
In Construction, construction and contracting processes center on sector-specific concepts such as project budget, progress payment, subcontractor management. In construction and contracting, project budget, progress payments and subcontractor management require functions to see cost, progress and cash flow together at project level.
Qera ERP's Finance module is set up around the reality of construction: Manages project cash flow together with progress-payment collection and the payment plan.
- When project budget isn't compared with actual cost, overruns are noticed too late.
- When progress-payment processes are handled by hand, work progress, deductions and payments come out wrong.
- When subcontractor contracts, progress and payments are scattered, control is lost.
Capabilities
How Qera Finance works in Construction
The core capabilities of the Finance module, framed for the project, progress payment and take-off needs of the construction sector.
Centralized account management
Define all your cash and bank accounts in one place; track inflows and outflows line by line to trace every transaction.
Loan and installment tracking
Manage your loans with their payment plans and installments; see your obligations clearly to keep budget planning sound.
Cheque and note management
Record received and issued cheques and notes, monitor maturities and schedule payments to avoid cash-flow surprises.
Automatic collections and payments
Collections from sales invoices and payments for purchase invoices flow into Finance automatically; manual entry and error risk disappear.
Financial contract tracking
Store rental agreements, letters of guarantee and other financial contracts centrally; monitor their terms and payment schedules.
Account and cash reports
See your financial position at a glance with per-account receivable/payable reports, cash-bank balance statements and collection/payment plans.
Outcomes
What it delivers for your Construction business
Concrete gains that show up in construction operations when set up right.
- Monitor cash flow in real time and make data-driven financial decisions.
- Eliminate manual data entry in collection and payment processes and reduce errors.
- See your receivable/payable position at a glance with per-account reports.
- Forecast cheque, note and loan maturities to prevent cash-flow surprises.
Explore further
Related pages
Full details of the Finance module, the Construction sector page and other Construction solutions.
Let's shape Finance for Construction together
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