As a feature-rich enterprise financial accounting and cost management solution, it empowers contractors to take control of costs, report accurately and deliver results.
The BuildSmart dashboards provide you with visual analysis of various fundamental parameters and metrics enabling:
BuildSmart contract debtors’ invoices are based on the valuation process; considering the construction elements of total work done, previous and current months combined with the control of advances, contra charges and retentions with release dates.
By separating completed tasks from those still in progress, BuildSmart produces intelligent reports that focus on critical data such as costs reconciliations, budgets vs allowables, and earned value management. Thus, the project profitability can be accurately monitored.
BuildSmart’s procurement module is integrated with Candy (RIB’s estimating & project control solution) and works with Candy’s shopping resource list. This ensures visibility of the resource level allowable in quantity, rate, and total during the construction process.
With a complete toolbox to support plant monitoring, ownership, maintenance and running costs at a group, category, or individual item level; BuildSmart enables the complete management of a plant fleet - no matter its size or location.
BuildSmart is flexible and can serve multiple organisations, including full or partial consolidations based on percentage shares of joint ventures or shareholding. International groups are also fully covered by excellent multi-currency functionality.
With BuildSmart’s ability to report on a contract over multiple financial years while considering current transactions, users are provided with the life-to-date position of a contract for accurate year-to-date reporting.
BuildSmart features a ledger with a dedicated costing section that accounts for profit allocation (as per the IFRS 15 standard for construction) and offers complete control of, and reporting on, work in progress.
BuildSmart users stay on top of every invoice and payment made, thanks to contract debtors’ statements that always report retentions and advances correctly.
BuildSmart generates reports that are critical for construction companies seeking to understand the actual value of their contracts and identify areas in which greater financial efficiency can be achieved.
BuildSmart is designed to accommodate the unique payment processes of subcontractors.
Designed to bring all stakeholders onto the same platform but limit access according to their roles and authority matrixes.
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