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Why Accurate Accounting Depends on Data Integration

Construction Business Owner

Why Accurate Accounting Depends on Data Integration ccapoccia Tue, 04/30/2024 - 10:00 Construction accounting is more than just tracking numbers and compiling reports. For contractors operating with increasingly thin margins, accounting is essential for building a profitable construction business.

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Your Guide to All-in-One Construction Software

Autodesk Construction Cloud

This is why so many firms end up saying, “We need the best all-in-one construction software.” The most successful firms in the world rely on construction software that centralizes all their project data. Not to mention, this connectivity gives you real-time data, which allows you to make critical decisions quickly and confidently. .

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Reviving the Singapore Construction Sector with Data

Autodesk Construction Cloud

In the first seven months of this year, the Accounting and Corporate Regulatory Authority (ACRA) data showed that 1,371 construction businesses have ceased operations. Data for foresight. Data plays an important role in providing foresight and good data management. Why is this so important to businesses today?

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Guide to Supply Chain Management in Construction 

Autodesk Construction Cloud

A recent survey by Dodge Data & Analytics found that a significant majority of contractors (93%) indicated that their projects had been affected by rising construction costs due to supply chain issues. . Focus on planning with accurate forecasts . The specific process will depend on your project and team. Tech to try .

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8 Tips to Manage Cash Flow Like Your Construction Business Depends on It

Autodesk Construction Cloud

This is why integrating your schedule and cost data—or better yet, “connecting” your schedule and cost systems—is so crucial. Having the ability to visualize updates in real-time allows for better planning and more accurate forecasting. Integrate accounting and operations. Collect payments quickly.

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Why Connected Construction Workflows Power Better Building

Autodesk Construction Cloud

The above scenario may be a bit simplistic, but it illustrates what could happen if workflows aren’t integrated. Too often, teams suffer from miscommunication, data loss, and mistakes due to a disconnect with their processes and systems. The key attributes of connected workflows are: Automation: Data and processes are automated.

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40 Under 40: Champions of Construction 2022

Autodesk Construction Cloud

Ashley Weir, Colt Data Centre Services. He implemented advanced construction software across two of AECOM’s largest projects and created connected data workflows to increase efficiencies across the project lifecycle. He introduced the data flow in building life cycle management from planning to construction execution.