The new MYOB Advanced Construction Edition delivers effective management of construction projects with real-time visibility and is compliant with the NZ Construction Contracts Act.
MYOB Advanced Construction Edition has been created specifically for construction companies to effectively manage entire projects end-to-end using any device. It addresses the key pain points of larger construction companies, including managing claims and retentions, integrating job costing with accounting, tracking project profitability and managing budgets.
There are three important things to consider when implementing MYOB Advanced in the construction industry, says Peter Chung, Enprise Southern Region Sales Manager.
"Construction businesses get their biggest gains in three ways. First, by giving the entire team – onsite and in the office – access to the same real-time information. This automates the sharing of project information and updates,” he says.
“Second, using that real time visibility to keep projects on track and on budget. You can also more accurately forecast future jobs and estimate costs for upcoming projects. This helps to reduce costs and avoid going over budget.
“Third, we always look to reduce project complexity. Minimising complexities and streamlining time-sensitive processes is achievable when you have full visibility across budgets, teams, customers and schedules in a single cloud platform.”
He says MYOB Advanced Construction Edition is especially strong in the job costing area, including cost to complete, cost at completion and percentage of completion.
Is it time to re-assess how you manage construction projects?
Take a look at this handy guide from MYOB. It lists the five critical steps to keeping construction projects on time and on budget.
Want to know more about the MYOB Advanced Construction Edition for your business? Talk to your Account Manager, or contact our sales team here.