Despite economic uncertainty during the pandemic, the construction and real estate (CRE) market is on fire. And where there are CRE projects, there is spending.
According to the United States Census Bureau,
An ERP system is essential for smooth operations, improved supplier relationships, and clean financial reporting. And Sage 300 CRE was built to support the specific accounting management needs of the construction industry. For that reason, over
Working with Sage 300 CRE Jobs and Project Management
A construction project is complicated to manage. For example, a firm may use various different sub-contractors, vendors, and suppliers for each project, some of which overlap or work on multiple projects. An effective project expense management system must be able to do more than keep a general ledger—timesheets, inventory, and meeting details must all be recorded accurately in the ERP system.
In this way, Sage 300 CRE goes far beyond a simple accounting system. Users can create complex jobs or tasks within a project that are linked to invoices or purchase orders. Thus, your team can easily manage an entire project or property's lifecycle.
Incredibly customizable, Sage users can:
- Track contracts and leases
- Manage job costs
- Change orders
- Review insurance
- Forecast cash flow
- Manage contractors, vendors, and suppliers
- Send and receive payments
- Create job directories
- Record meetings
- Send agendas, drawing, and other critical information to all stakeholders
- Set budgets
However, the most popular aspect of Sage 300 CRE is how incredibly drilled down the details are and how much information the system can absorb. For its users, this ERP system is a one-stop shop.
But there is one consistent drawback when it comes to using an ERP system out of the box—it's a manual system when used alone.
No matter how advanced or versatile a program is, accounting professionals and project managers must manually add data by hand. As a result, accounting errors, duplicate payments, project miscommunication, and potential fraud are all potential outcomes.
The good news is that businesses can minimize these issues.
Sage 300 CRE, and its other Sage variations, are compatible with a vast number of third-party solutions meant to accelerate the program and add more transparency. Automated
Streamlining Sage Accounting
An automated expense management integration provides several benefits.
First, it reduces the amount of manual and repetitive tasks an AP team or manager requires to review and approve job costs. Since the program is automated, data can quickly be compiled for enhanced reports, which is ideal for job transparency. Furthermore, since human error is limited, less time needs to be spent on corrections.
A best-in-class integration should be straightforward to set up. At Gorilla Expense, our program maps to a construction company's customized fields for seamless and highlight-relevant automation. Users have the capability to change jobs, extras, cost codes, and other categories. In addition, it syncs with Sage 300 CRE in almost real-time, so businesses always have the most up-to-date information.
At the same time, it's important that an integration solution be flexible. For example, it’s ideal to have a program that provides different file formats, so you can sync information across different modules.
In the era of supply chain disruption, streamlined expense management, and AP invoicing solution is about more than reducing costs. It's about topping the competition.
Do More with Gorilla Expense
At Gorilla Expense, our expense reporting integration for Sage 300 CRE is flexible, customizable, and ready for modern reporting. Not only can users update tasks and generate expense reports in real-time, but they can also add receipts via their phone, allocate expenses, account for multi-currency transactions, track VAT/GST, and more.