Construction · Industry Solution

Finance for Construction

In construction and contracting, project budget, progress payments and subcontractor management require functions to see cost, progress and cash flow together at project level. Track cash flow in real time. Cash, bank, loans, post-dated cheques and notes, collections and payments work integrated with accounting, sales and purchasing, so everyone sees the same figures.

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Construction context

Why Finance works differently in Construction

In Construction, construction and contracting processes center on sector-specific concepts such as project budget, progress payment, subcontractor management. In construction and contracting, project budget, progress payments and subcontractor management require functions to see cost, progress and cash flow together at project level.

Qera ERP's Finance module is set up around how the construction sector works: Manages project cash flow together with progress-payment collection and the payment plan.

When project budget isn't compared with actual cost, overruns are noticed too late.
When progress-payment processes are handled by hand, work progress, deductions and payments come out wrong.
When subcontractor contracts, progress and payments are scattered, control is lost.

Capabilities

How Qera Finance works in Construction

The core capabilities of the Finance module, described for the project, progress payment and take-off needs of the construction sector.

Centralized account management

Define all your cash and bank accounts in one place; track inflows and outflows line by line to trace every transaction.

Loan and installment tracking

Manage your loans with their payment plans and installments; see your obligations clearly to keep budget planning sound.

Cheque and note management

Record received and issued cheques and notes, monitor maturities and schedule payments to avoid cash-flow surprises.

Automatic collections and payments

Collections from sales invoices and payments for purchase invoices are carried into Finance automatically, with no manual entry and less risk of error.

Financial contract tracking

Store rental agreements, letters of guarantee and other financial contracts centrally; monitor their terms and payment schedules.

Account and cash reports

See your financial position at a glance with per-account receivable/payable reports, cash-bank balance statements and collection/payment plans.

Outcomes

What it delivers for your Construction business

What you see in construction operations once it is set up properly.

Cash flow is monitored in real time, so financial decisions are based on current figures.
Collections and payments come from invoices automatically, which reduces manual entry and errors.
Per-account reports show who owes you and whom you owe.
Cheque, note and loan maturities are visible in advance, so payment dates do not catch you unprepared.

Explore further

Full details of the Finance module, the Construction sector page and other Construction solutions.

Module Finance module Review all of the module's capabilities and FAQs. Sector Construction sector An overview of all Qera solutions for Construction. For Construction Project Management Explore the Project Management solution in the Construction sector. For Construction Procurement Explore the Procurement solution in the Construction sector. For Construction Inventory & Warehouse (WMS) Explore the Inventory & Warehouse (WMS) solution in the Construction sector.

Let's plan Finance for Construction together

Get in touch for a demo tailored to the specific needs of the Construction sector.

Request a Quote Construction sector