More than ever, contracting and construction industries rely on project management software to drive project profitability. Construction and contracting projects are subject to fierce price competition where delivery on time and on budget is a fundamental requirement. Therefore it is important for construction and contractors to utilise industry specific project management tools.
NAVcontracts for Microsoft Dynamics NAV is a complete ERP project centric contracting and construction management software solution designed to help your business gain greater control of projects to improve margins and drive growth.NAVcontracts for construction includes business intelligence, communication and collaboration tools that provide the increased control, forward looking insight and streamlined operations required to maximise the profitability of your construction and contracting projects.
Microsoft Dynamics NAV Contracting and Construction modules
NAV Contracts Ledger
This is the central hub within NAVcontracts for Construction. A comprehensive Contract Card stores the core information required by contract managers to help control and manage each contract. Transactions are posted instantly to the contract ledger giving contract managers instant access to detailed analysis and statistics.
NAV Contract Sales Ledger
NAVcontracts includes a self-contained Contract Sales Ledger that works in conjunction with the core Microsoft Dynamics NAV Sales module. The Contract Sales Ledger maintains details of all Applications on a contract including current and cumulative values together with retention and main contractor discounts.
NAV Sub-Contractors Ledger
NAVcontracts includes a Subcontractors Ledger that maintains sub-contractor records, processes transactions such as orders, applications, invoices and timesheets and also fully meets the regulatory requirements of HMRC’s Construction Industry Scheme (CIS).
NAVcontracts includes a Purchase Order Processing system that posts committed costs to the contract. As deliveries are received and invoiced the purchase order is updated, maintaining an accurate picture of the committed, accrued and actual costs on the contract.
Purchase Orders can be raised for Hire of Plant supplied by external suppliers. Plant can be ordered against Jobs, which posts committed costs to that Job. It is possible to record “On Hire” and “Off Hire” dates so that plant does not remain on site unless required.
NAV Cost Value Reconciliation (‘CVR’)
Easily monitor and report on contract performance with CVR. It creates relevant contract data and enables accrual of additional costs or revenues on a contract by contract basis. CVR journals are subject to an approval process separate from the CVR calculation routine.
Find out more by visiting XperienceDynamics.com >>>