Sage Expands and Enhances Construction Solutions

by

General Ledger

Sage, the trusted software provider for small and mid-sized businesses (SMBs) in the construction industry, is expanding its construction cloud portfolio to serve customers better. Sage has a history of trust and innovation in cloud and construction technology, serving 48% of ENR Top 400 Contractors and 53% of BD+C Giants Top 115 Contractors.

"Sage has more than 50 years of trust and innovation in construction, more than any other accounting and financial software provider. We understand the challenges construction businesses face and how technology can play an integral role in alleviating them because we've been with them on the journey, innovating along the way," said Dustin Stephens, Vice President of Construction and Real Estate at Sage. "Building on that innovation and knowledge, our recent investments to provide an end-to-end construction cloud suite underscores our commitment to deliver solutions to help our customers thrive."

Sage now delivers the most complete and comprehensive end-to-end cloud solution available in the industry, offering pre-construction, operations, and financial solutions, enabling businesses to manage projects from bid to closeout effectively.

Sage Estimating with BidMatrix

Recently, Sage announced the acquisition of Bridgetown Software, owner of BidMatrix a leading cloud-native bid analysis tool for the construction industry. 

  • The acquisition of BidMatrix is already transforming Sage Estimating by combining powerful features and efficiency along with collaborative, scalable, and innovative capabilities native to BidMatrix.
  • Sage Estimating, the most widely used construction estimating software, has enhanced a number of capabilities through BidMatrix include a virtual bid room built for collaboration, advanced analysis capabilities to quickly identify optimal subcontractor bids, powerful slice & dice capabilities, and integration with Power BI to gain insight from the data.
  • These solutions combine the powerful features and efficiency of Sage Estimating with the collaborative, scalable, and innovative capabilities enabled by the cloud, helping firms secure more projects at the right price with greater confidence.

Sage Construction Management

Sage Construction Management is a cloud-native project management solution built for the entire construction industry.

  • Designed for general contractors, residential/commercial sub-contractors, residential builders, developers and project managers, oil, gas and energy contractors, as well as architects and engineers, Sage Construction Management provides the cutting-edge accounting software and solutions these businesses require.
  • No matter what size or aspect of construction you are in, Sage Construction Management can provide collaboration and mobility so field, office, and external teams can share real-time project information and make quick, informed decisions.
  • Managing all project operations from one platform, anywhere, and on any device helps businesses win more work and execute projects more efficiently.

Sage Intacct Construction

Sage Intacct Construction is the leading cloud-native financial management solution purpose-built for construction and Sage Intacct's fastest-growing vertical. It enables proactive management of critical financial and operational metrics, increased efficiency, reduced time and cost of audits, and improved cash flow.

  • Sage Intacct Construction gives contractors the control they need to manage every part of their business and every project with ease and efficiency.
  • Track and measure performance and key construction, as well as financial, metrics in real-time within dynamic dashboards.
  • Experience uninterrupted, real-time tracking of multiple locations and entities even in multiple countries and using multiple currencies.
  • Improve efficiency from estimate to project close.
  • Addressing the unique needs of the construction industry, Sage Intacct automates compliance tracking requirements and supporting documents for construction commitments, then validates compliance during AP payment issuance to support regulatory adherence.
  • Recent releases expand the cloud-native solution to a broader construction business base that manages detailed job costing, revenue recognition, retainage billing, and payroll. 

Sage's open API and integrations with a growing list of technology solutions give customers "the power of choice" to utilize the right mix of solutions to address their unique business needs. This can range from implementing a full cloud suite to integrating a cloud solution with existing solutions, such as Sage 300 Construction and Real Estate, Sage 100 Contractor, or third-party systems

"In order to be precise and build things well, we need the best tools in the field and in the office," said Joe Murray, CEO at ACT Construction. "Sage Intacct Construction gives us the financial insights we need and can scale to support our growth. Now we're excited to have this level of real-time insights extend beyond financials with Sage Construction Management. Using the two solutions together gives us an end-to-end cloud system that can help us be more efficient across the business, from initial lead through project completion. I've been looking for this for 20 years."

To learn more about Sage construction solutions, visit SageCRE.com.

Footnotes & Disclosures:

Content within this feature, including graphic illustrations, have been adapted from source material content furnished or accessed through Sage (USA). Referenced source materials or content appearing within this Insightful Accountant feature were adapted and are furnished solely for educational purposes.

Sage, Sage Estimates, Sage Construction Management and Sage Intacct (Construction and Real Estate) are trademarks or registered trade names of Sage Group PLC (SGE.L) on the LSE, located in Newcastle upon Tyne within the United Kingdom. Sage customers trust their finance, HR, and payroll software to make work and money flow. By digitizing business processes and relationships with customers, suppliers, employees, banks, and governments, Sage’s digital network connects SMBs, removing friction and delivering insights.

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Disclosure: Product representation illustrated herein was adapted by Insightful Accountant from Sage HR and Sage 50 products, actual product may appear different.

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