Chief financial officer
CONSTRUCTION ERP SOFTWARE FOR FINANCE TEAMS
Minimize financial risks with maximum profits
Gain real-time financial insights, maintain strict control over expenses and automate compliance with tools tailored for strategic decision-making.
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Get results with FirstBit ERP
Visibility
Gain real-time financial visibility
Monitor budgets, cash flow, and project profitability with real-time data to ensure financial control.
Accuracy
Streamline budget and cost management
Automate cost allocation, budgeting, and expense tracking for greater accuracy and efficiency.
Compliance
Enhance financial reporting and compliance
Access consolidated data on financial performance, project progress, and resource allocation.
Liquidity
Minimize financial risks
Identify and address budget overruns and cost variances early with real-time alerts and variance analysis.
How you can use FirstBit ERP
Monitor the company’s financial position
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Cash flow dashboard. Get a real-time snapshot of cash flow, payables, and receivables.
Financial reports. Get insights into the company’s financial standing and profitability.
Receivable and payable aging. Track overdue payments and collections to ensure liquidity and financial stability.
Track and analyze project-specific financial performance
Project P&L. Assess the profitability of each project by comparing revenues and costs.
Project costs analysis. Identify cost drivers and opportunities for cost optimization across projects.
Overview of projects. Get a consolidated view of all active projects and their financial status.
Revenue recognition. Accurately track and report revenue based on project milestones or completion percentages.
Ensure timely payments to subcontractors and employees
Payment schedule. Plan and manage upcoming payments to avoid delays and penalties.
payments to avoid delays and penalties. Receivable and payable aging. Prioritize payments based on outstanding dues and deadlines.
Automated payroll calculation. Streamline employee salary processing and ensure timely disbursement.
Prepare accurate tax and IFRS compliant reports
Tax report. Simplify tax filing and compliance with VAT and other regulations.
Statement of depreciation. Track and report asset depreciation for accurate accounting.
Financial statements. Meet regulatory reporting requirements and support audits with accurate IFRS statements.
Get to know the benefits of FirstBit ERP for CFOs
CFOs and finance teams trust First Bit
FirstBit ERP was a good deal because it was economically viable for our budget and tailored to our industry needs. Here we have an overview of project reports which helps us understand the bidding value, the progress of the project, the costs incurred, where we stand, and what the collections are.
Rawthar Shah
Finance Manager at Fine Edge Decor
Frequently asked questions
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How is FirstBit ERP tailored for CFOs of construction companies?
Can FirstBit ERP handle financial reporting for compliance?
How does FirstBit ERP support project-specific financial management?
Can FirstBit ERP improve cash flow management?
Does FirstBit ERP integrate payroll and payment management?
Don't find an answer? Meet our expert to get a detailed quote.
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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.