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Control cash flow with construction finance software

Unlock total cost control and visibility with construction financial management software. Track cash flow and CVR with accurate, real-time data. Automate payments and make data-driven decisions with powerful analytics.

Financial management software built for construction

Financials in the construction industry require a lot of manual management – Access Coins construction financial software allows companies to become agile with intelligent financial processes, helping them manage project forecasts, protect profits and make spending decisions with confidence.

  • Centralise all of your valuable finance and accounting information in one place, with securely controlled access so the right people can find the data they need. 
  • Automate a range of customisable financial reports, from CVR to board reports, with intelligent insights built-in. 
  • Construction-specific software helps businesses stay compliant with legislation and regulations around construction finance. 
  • Remote apps help construction businesses track labour, plant and materials budgets on-the-go and in real-time. 
  • Access Coins is designed to eliminate the need for multiple software solutions within a construction company. It offers quality financial tools, designed for construction professionals. 

Access Coins construction financial software – Key features

By increasing visibility of existing assets, contracts and expenses, Access Coins financial software helps construction companies simplify and streamline their financial processes across every aspect of their business. Access Coins provides an accurate overview of cashflow and financial health.  

Board and Management Reporting  

Craft personalised dashboards fed by live data. Eliminate manual number entry and unlock automatic monthly, quarterly, or yearly reports. 

Custom Dashboards 

Build tailored financial dashboards providing granular insights into any area of your construction business.  

Audit Trails 

Automatically maintain a full audit trail within Access Coins for transactional and non-transactional data to ensure compliance with internal and external audits.  

Document Management 

Replace paper records with a digital capturing system which enables invoices, GRN and more to be stored compliantly with no time wasted on administration.   

Forecasting 

Powerful forecasting tools enables construction businesses to confidently plan ahead and protect profit margins.    

Asset Management 

Gain full visibility of inventory, plant and fixed assets so financial professionals have a clear picture that helps businesses maintain cashflow.  

Why choose Access Coins financial management software?

Financial management case study: Robertson gains true cost control with Access Coins

As one of the largest independently-owned construction companies in the UK, Robertson were seeking a ground-breaking solution to help them gain a true, connected view of CVR and control costs across their projects.

“Coins has provided us with the ability to properly control our costs and produce a true cost and value report at each month end - it’s as up to date as the GRN’s received and plant returns.” 

Phil Talbot, Financial Director, Robertson 

Simplify the complexity of construction projects today.

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Construction financial software FAQs

What is construction financial software? 

Construction financial software refers to specialised software solutions designed to address the unique financial management needs of construction companies.  

These software systems provide robust features tailored to the construction industry, allowing firms to effectively manage their finances throughout the project lifecycle. Key functionalities of construction financial software typically include: 

  • Budgeting and Estimating: Tools for creating accurate project budgets and estimates, considering factors such as labour, materials, equipment, and overhead costs. 
  • Cost Tracking: Ability to track project expenses in real-time, monitor budget vs. actual costs, and identify areas for cost-saving opportunities. 
  • Invoicing and Billing: Features for generating invoices, tracking payments, and managing billing cycles to ensure timely and accurate billing to clients and subcontractors. 
  • Job Costing: Capability to allocate costs to specific projects or job phases, enabling accurate cost allocation and profitability analysis. 
  • Financial Reporting: Reporting tools that provide insights into financial performance, including profit and loss statements, balance sheets, cash flow analysis, and project-specific financial reports. 

What software is used in construction accounting? 

Typically, the most common types of construction accounting software in the UK include:  

  • Enterprise Resource Planning (ERP): Comprehensive software integrating various business functions, including financials and accounting, project management, and supply chain management. 
  • Construction-specific Accounting Software: Tailored solutions designed specifically for the construction industry, offering features such as job costing, progress billing, and subcontractor management. 
  • Project Management Software with Accounting Modules: Project management platforms that include accounting modules for tracking project expenses, invoicing, and financial reporting. 
  • General Accounting Software: Traditional accounting software used by businesses across industries, offering basic accounting functionalities like general ledger, accounts payable, and accounts receivable. 
  • Cloud-based Accounting Software: Online accounting platforms that provide flexibility and accessibility, allowing users to access financial data from anywhere with an internet connection. 
  • Estimating Software with Accounting Integration: Estimating tools that integrate with accounting systems to streamline the transition from project estimation to financial management. 

Each of these software types serves a specific purpose in construction accounting, helping construction firms manage their finances effectively and ensure compliance with industry regulations. 

What is the best accounting software for a construction company? 

Determining the best accounting software for a construction company depends on factors such as business size and project complexity. 

  • ERP Systems: Ideal for mid- to large-sized firms needing comprehensive solutions that integrate with the wider software suite. 
  • Construction-specific Accounting Software: Tailored for mid-sized companies with industry-specific needs. 
  • Project Management Software with Accounting Modules: Suited for firms focused on project management. 
  • General Accounting Software: Simple option for small businesses with basic needs. 
  • Cloud-based Accounting Software: Offers flexibility for remote teams and multiple project sites. 
  • Estimating Software with Accounting Integration: Beneficial for firms heavily focused on project estimation. 

Please bear in mind that these are general guidelines and to determine the best solution for your business it’s always best to consult an expert. Speak to our team today to learn which platform might be best for your company. 

What should I look for in construction accounting software? 

When selecting construction accounting software, consider the following factors: 

  • Industry-specific Features: Ensure the software offers features tailored to the construction industry, such as job costing, progress billing, and subcontractor management. 
  • Integration Capabilities: Look for software that seamlessly integrates with other systems, such as project management software or ERP systems, to streamline workflows and data management. 
  • Scalability: Choose software that can scale with your business as it grows, accommodating increased project complexity and volume. 
  • Ease of Use: Prioritise user-friendly interfaces and intuitive workflows to ensure ease of adoption and minimal training requirements for your team. 
  • Comprehensive Reporting: Opt for software that provides robust reporting capabilities, including financial reports, project profitability analysis, and compliance reporting. 
  • Mobile Accessibility: Consider software that offers mobile accessibility, allowing users to access financial data and perform tasks from anywhere with an internet connection. 
  • Customer Support: Select a reputable vendor that offers responsive customer support and ongoing updates and maintenance to ensure smooth operation of the software.