CMIC Construction Software Financial Controls

Automated Financial Controls Streamline AP and AR Management

With Financial Controls, you capture and analyze financial data in real time and from all sources, share the data with all stakeholders and act on the insights with confidence. For example, the accounts payable capability allows you to track invoices, access online historical financial information, allocate revenue across companies, and provide vendor support by company and across companies. The accounts receivable capability not only captures project-related billing automatically, it also generates non-project related (ad-hoc) invoicing, providing a complete view of all open receivables.

FEATURESBENEFITS
Access current and past customer and vendor transactionsView and understand the financial health of your projects and your organization—in real time
Enable automatic inter-company balancing with predefined transactions for recurring complex journal entriesShorten the month/year end close and minimize the cost and risk of manual data entry
Track invoices across the enterpriseAccess a full audit trail for every transaction, allowing users to answer business questions in real time
Work with a single book of record for all financial transactionsAchieve greater data integrity, which enhances confidence in decision-making
Allocate revenue accounts across companiesOptimize credit risk

OUR CUSTOMERS

CMiC has helped organizations of every size and scope—from national-scale enterprises to local family-owned businesses, and from general contractors to project owners—elevate to new heights how they manage their construction business.

CMIC Financials Accounting

A Better Approach to Corporate & Project Risk Management

Ensuring compliance across all levels represents a daunting challenge for large and mid-sized construction firms. As an organization, you need to ensure compliance across all standards, including regulatory compliance at the state, country and international levels (e.g., GAAP, IFRS, SOX) as well as at the divisional and project level. CMiC’s risk management capabilities are embedded throughout the platform, in several components of the system, such as vendor pre-qualification, workers compensation codes and rates tied to jobs, and cash flow management. All system modules work seamlessly to deliver an accurate and comprehensive view of corporate risk.

FEATURESBENEFITS
Monitor and enforce compliance at the state, national and international levelMonitor key risk indicators, make adjustments and elevate accountability
Monitor and enforce compliance at the divisional and project levelElevate accountability across the organization
Create and easily access audit trails for all transactionsConnect key performance indicators to risk indicators
Leverage a central, pre-qualified vendor databaseLower the risk profile of every project

TAKE CONTROL OF YOUR FINANCIALS NOW