Real-time access
to financial and project data
RedTeam Flex and Acumatica: construction financial management integration
Streamline contracting and disbursement authorization workflows and reduce duplicate work with the financial management integration of RedTeam Flex and Acumatica’s Cloud ERP Construction Edition
RedTeam Flex connects with Acumatica’s Cloud ERP Construction Edition to provide your construction teams with the latest financial information for project management. The “event-driven” accounting integration requires no manual interventions to link data entities and transactions, removing workflow latency and enabling real-time access to financial and project information.
Reduce risk, control cost and increase predictability on every construction project with RedTeam Flex
RedTeam Flex is a highly customizable construction management solution trusted by many construction professionals. Designed to help mid- to enterprise-level general contractors manage their construction projects from start to finish:
- Share detailed financial reports at the project and company level in real time
- Improve overall administration, estimating and bid solicitation
- Maximize collaboration, performance and productivity with the back-office team
- Manage and annotate drawing files
Construction financial management with RedTeam Flex
Workflow management
Collaborative submittal process
Request submittals; create and send submittal packages for review; manage revisions and notify vendors of review status. The history of each step is saved.
Easily manage and track change orders
Access key change logs with one click. Manage vendor quotes, create a cost estimate and issue or negotiate a change proposal in minutes. Change orders can be quickly created, sent and authorized. All change history is stored.
Gantt scheduling tool
You can import and export files with Microsoft Project as well as create a Gantt schedule manually in RedTeam Flex. As you update your Gantt schedule, the information is instantly available on your mobile devices and in the Planroom.
Financial management
Employee time recording
You can produce detailed AIA-style billing as progress billing or cost-plus billing. Send documents to clients for approval and track payments received.
AIA-Style progress and cost-plus billing
You can produce detailed AIA-style billing as progress billing or cost-plus billing. Invite clients to collaborate on preparing these documents and keep an accurate record of all communication during the construction process.
Paperless invoice validation and approvals
Go 100% paperless and validate vendor invoices against the commitment schedule of values and credentials like Certificates of Insurance as part of your internal invoice approval process digitally in RedTeam Flex.
Bid management
Request your bids
Solicit quotes from your vendor database and set qualifications based on insurance requirements, locations and levels of experience, using RedTeam Flex’s Estimating module. Use bid-leveling to compare vendor quotes side-by-side to easily select the best bid.
Build your estimates
Select cost codes and assemblies to build out your own cost estimating template. Add supplemental markups for pass-through costs such as insurance or bond premiums and pricing markups for overhead and fees.
Interactions for business development
Within RedTeam Flex, you can track your interactions for potential upcoming projects. Once you’re ready, convert them to prepare a bid. Record all related events and access your team’s experience with the account to build a stronger customer relationship over time.
Manage unlimited opportunities
Compare your competitive score with peer contractors. Use the opportunity management reporting tool in RedTeam Flex to be more aggressive with any upcoming opportunities.
Reporting
“Live” WIP reports
All financial information from your projects is readily available to you and your team in real time. Each project has its own detailed budget, controls and reporting. RedTeam Flex generates a live work-in-progress (WIP) report giving you complete visibility into your organization’s financial health.
Construction reporting
Detailed reporting and filtering options give RedTeam Flex users extensive data at their fingertips—from pulling financial reports to accessing RFI logs and owner reports with one click.
Progress reporting
RedTeam Flex helps you connect Gantt milestones and progress reporting updates to determine percentage complete for each schedule of values, allowing you to determine billing percentages.
Tracking of all metadata
RedTeam Flex tracks when a report is sent, opened, clicked, printed or responded to. Collaborators have visibility into document history via the collaborative console and your internal team has access to the metadata log for added transparency.
Analytics
Whether you track the number of vendors bidding on your project or determine where submittals are in the process, RedTeam Flex’s analytics will keep you updated in real time. See milestones, change orders, RFIs and more on your dashboard for the full scope of your projects and detailed analytics.
How the financial management integration for RedTeam Flex and Acumatica's Cloud ERP Construction Edition works
With the integration for RedTeam Flex and Acumatica, commercial general contractors can track their construction project financial information in real time.
Linked at the project level, you can selectively control which projects in RedTeam Flex are connected to Acumatica.
Push and pull data directly between both solutions including:
- Accounts
- Cost types
- Cost codes
- Categories
- Vendors
- Companies
- Payment terms
- Tax venues
- Projects
- Budgets and actuals
- Invoices and payments
- Expenses
Configuration and Maintenance Transactions
Working Transactions
