Construction Analytics Overview and Software Demo

Posted on January 31, 2024August 6, 2024

AAFCPAs’ Construction Practice is pleased to share an informative dialogue about which construction financial analytics are most crucial for controlling costs, ensuring profitability, and managing project efficiency. We also offer a product demonstration presented by ProNovos, a leading financial analytics solution tailored to suit the needs of the construction industry.

This webinar OnDemand will reveal how contractors can easily uncover KPIs, such as root cause, and simplify work-in-progress (WIP) reporting, cost estimation, and budgeting. You will also learn ways to expedite and analyze revenue projections, cash flow analysis, profit margins, cost control, labor productivity, equipment utilization, material costs, and subcontractor performance.

Watch Now

In this demo, AAFCPAs’ Construction Practice leader Dan Stanhope and software experts from ProNovos shared the ways in which contractors may automate WIP reports while notably enhancing collaboration between the field and office. Learn how to apply business intelligence to project forecasting. See how ProNovos puts users in control of project profitability and cash flow by pinpointing trends across all projects and providing tools to help you better manage cost. Trusted by leading construction firms, ProNovos integrates seamlessly with Sage products including Sage 100, Sage 300 CRE, and the company’s forthcoming Sage Intacct.

If you have questions, please contact Daniel Stanhope, MSA, CCIFP, CPA, Partner at 774.512.4134 or dstanhope@nullaafcpa.com—or your AAFCPAs Partner.

About the Author

Daniel Stanhope, MSA, CCIFP, CPA

Dan leads high-energy engagement teams in providing assurance solutions to clients across a wide variety of privately-held, commercial industries, including: Construction, Cannabis, Manufacturing & Distribution, Professional Services, Architecture & Engineering, and Insurance. He offers detailed reports about audit findings and communicates business-critical information to management, positively impacting their decision making. Dan is a Certified Construction Industry Financial Professionals (CCIFP), and has extensive experience in the construction industry, providing solutions to general contractors and subcontractors from $500,000 …

Related Insights

Streamlining Operations: How Modern ERP Systems Solve Inefficiencies and Drive Growth

In this article: Complex nonprofits, especially multi-service health and human services agencies, face the daunting task of managing diverse programs, complex funding streams, and stringent compliance requirements. Fragmented systems and disjointed processes can compound these challenges, leading to inefficiencies and increased administrative workloads. The implementation of a well-designed enterprise resource planning (ERP) system offers a […]

Is your chart of accounts an unnecessarily complex maze?

In the fast-paced world of business, growth often leads to complex challenges, especially in accounting. A common issue many organizations face as they expand is the management of increasingly lengthy account numbers. These numbers, which detail segments of transactions such as location, department, and grants, can become unwieldy as organizations rise to meet new challenges. […]

Optimize Q4 Budget Planning

In this article: During the fourth quarter, it is critical that organizations evaluate financial performance, finalize plans, and set priorities for the year ahead. It is a time to refine budgets, align strategies with goals, and prepare for challenges while building a foundation for success. The Q4 budgeting process ensures resources are allocated effectively, key […]