Ensure your company’s financial health for long-term growth
Drive accuracy and accountability with construction software for financial and project management
Promote accountability and lessen conflicts with RedTeam’s cloud-based construction financial management solutions for commercial general contractors. Easily track real-time financial activity and verify who took action, when on every construction project. From new ground-up construction to tenant buildouts, with RedTeam you keep building successful projects day-in and day-out.
Reduce manual errors with robust construction accounting integrations
Automatically sync financial data between systems with robust accounting integrations. Eliminate the need for double data entry that leads to manual errors, and reduce friction between finance and operations teams. Keep teams working together more effectively to boost overall productivity.
Drive efficiency and enable a smooth transfer of financial data
Combining estimating and construction management ensures your numbers remain accurate from preconstruction to closeout. Avoid financial discrepancies and unnecessary changes that negatively impact budgets, forecasts and profit margins.
Access project metadata to track, report on and improve accountability
Detailed metadata helps you track who took a specific action and when. Continuously hold team members accountable—including those outside of your organization. Reduce the risk of fraud or errors and easily resolve financial disputes with owners and vendors.
Prevent overpayment with invoice approval workflows
Ensure only accurate and approved vendor payments are processed. Vendor invoice approval workflows verify that amounts invoiced don’t exceed the contract schedule of values and any authorized changes. Any missing vendor credentials or lien waivers required for payment will be flagged directly. Meet owner requirements for progress payments and reduce your financial risk.
Access and share real-time construction financial data and reports to protect profit margins and keep stakeholders informed
With RedTeam’s construction management solutions, you have a clear understanding of the financial health of your projects and your company’s bottom line. Provide accurate, up-to-date information to stakeholders to keep project owners informed of critical financial details.
Get visibility into actual and forecasted operations costs
See your actual costs and forecasted cost at complete as your operations team manages projects. No more chasing project managers for updated cost information. With a clear view of actual and projected costs, you can strengthen your financial oversight, ensure spending stays within budget and improve project profitability.
Fine-tune growth strategies with project- and company-level insights
Optimize your financial strategies and improve overall business performance. Gain access to real-time financial insights at both the company and project level. Use detailed dashboards and reports to plan for your financial needs and maintain adequate Net Working Capital.
Create WIP schedules in an instant
Maintain your bonding capacity and help grow your business with continuous access to live Work in Progress (WIP) schedules. Streamline your operations and eliminate the need for your team to spend days or weeks compiling this data.
Ready to take the next step? Book a live, personalized demo with us today!
Explore the construction financial management tools that help build your success
Which construction accounting integrations does RedTeam support?
RedTeam Flex and RedTeam Go integrate with some of the market leading accounting software solutions including:
- QuickBooks Online
- QuickBooks Desktop
- Sage Intacct
- Sage 100 Contractor
- Sage 300 CRE
- Acumatica Construction Edition
You can learn more about RedTeam’s integrations here.
How do construction estimates connect to my project budget?
With RedTeam’s construction budgeting software, your project estimates and budget are connected from the start. Here are some of the key features that ensure budget accuracy while reducing the need for manual steps.
- Create your baseline budget for awarded projects from a final estimate
- Preconstruction details automatically carry over and reduce errors when jobs are turned over to construction teams
- Access the history and details of quotes received directly in the project
- Generate vendor commitments directly from quote details
- Make faster decisions with in-depth reporting and analytics
How can I gauge my company’s and project’s financial health?
RedTeam’s construction management solutions provide a number of financial reports directly within the platform. So you don’t have to ask your accounting team to pull data at a moment’s notice.
Here are some of the key reports available to you:
- Live WIP Schedule
- Revenue and Gross Profit project- and company-level report
- Estimated Profit report
- Projects Financial Overview report
- Project Profit and Loss Statement
How can I stay on top of costs as they happen?
Continuously review your project’s actual cost as your team gets to work with these reports:
- Budget Details report
- Owner Budget vs. Actual Cost
- Estimates at Complete
- Financial Overview including profit and loss statement data and more
What vendor and employee management tools are available to me with RedTeam?
Avoid putting your business at unnecessary risk with these vendor and employee management tools:
- Vendor invoice approval workflows including required credentials
- Lien law management
- Expense approval workflows, including employee expenses for project costs and overhead expenses
- Checks and balances to ensure proper procedures are followed
How can I avoid underbilling project owners with RedTeam?
Miscommunication and errors in handling change orders often lead to underbilling and cash flow issues. With RedTeam’s construction management solutions efficient change management workflows ensure that all change events are documented correctly.
- Real-time, automated change logs: Changes Overview, Scope Changes Log and Indicated Outcome Report
- Change proposals and change orders that can be created, sent and approved in just a few clicks
- Owner billing that automatically reflects authorized changes
How can I plan for future growth and investments?
With RedTeam’s solutions leveraging historical data to plan for future investments is easy. Here’s are some of the tools available to you.
- Historical project logs
- Robust budget and forecasting tools, including real-time data and tracking of current projects
- Strong preconstruction, estimating and bid management tools
Schedule your live demo
Our solutions support your entire team
From Project and Preconstruction Managers to Presidents and Directors of Construction, RedTeam has features that streamline your team’s day-to-day.
Dive into our blog series: Change management for General Contractors
This 3-part blog series is your roadmap to smoother transitions in the digital age of construction. Discover how to seamlessly Integrate construction software into your company, and understand the critical role that people, processes and technology play in change management. Then learn how to apply change management best practices for selecting the right software and get practical tips for effective implementation.