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PLAN & CONTROL
Stay on top of project financials from start to finish
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Create and approve budgets through a tailored multi-level approval process
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Track the percentage of the budget utilized and monitor project financial status in real time
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Visually compare estimated costs to actual spending with dynamic cost analysis graphs
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Identify budget discrepancies and improve cost control with variance analysis
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FORECAST
Avoid cash gaps with accurate forecasting
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Forecast cash inflows and outflows using project schedules, budgets, and historical data
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Plan for liquidity needs, ensuring you can meet financial obligations without delays
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Get real-time alerts for potential cash flow issues to take proactive measures
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MONITOR
Evaluate the financial health of each project
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Analyze project profitability by comparing real-time revenues and costs
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Monitor key indicators like Cost Performance Index (CPI), Budget at Completion (BAC), and Earned Value (EV)
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Use detailed financial insights to refine project strategies and improve profitability
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AUTOMATE
Streamline financial operations
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Automate invoice generation based on project progress or milestones to ensure accurate and timely billing
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Track advance payments, guarantees, invoices and retentions to improve cash collection and eliminate cash gaps
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Manage cash assets and bank transactions within the system for precise records
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Achieve your goals with these features
Here are FirstBit ERP tools and reports to enable better management of construction projects.Explore FirstBit ERP solutions for construction finance management
Frequently asked questions
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What is construction finance management software?
Can FirstBit ERP handle finance across multiple projects or departments?
What reports can I generate with the FirstBit finance management module?
What data can be transferred from our previous software to the FirstBit ERP system?
Do we need to update foreign currency rates manually in FirstBit ERP?
How many companies can we create and manage in FirstBit ERP?
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See FirstBit ERP solutions in action
Discover how our system solves the unique challenges of contractors in a personalized demo.
After the demo you will get a quotation for your company.
After the demo you will get a quotation for your company.