Construction Financial Management Software

Financial Accuracy and Clarity

Get precise and reliable financial data with real-time synchronization between the GL and job costing and work on data you can trust. By integrating commitments, actuals, and forecasts into a single system, Premier‘s construction project financial management software offers a comprehensive view of your metrics. It maintains consistent updates across GL and job impacts, allowing easy drill-down to understand the data formation. Built-in alerts help you stay on budget and prevent overages, giving you confidence in your data for accurate financial analysis and informed decision-making.

Data-Driven Profitability

Premier’s financial management software for construction empowers informed decisions to safeguard margins and boost profitability in construction. With real-time access to critical data, including Estimate at Completion (EaC) insights, you can precisely evaluate project performance and forecast outcomes. This comprehensive visibility facilitates effective cost control and quick adaptation to evolving conditions, helping you mitigate risks and maximize financial results on every project.

Automated Revenue Recognition

Premier’s construction finance management software automates Work in Progress (WIP) calculations, a crucial element in construction for accurately tracking revenue and project performance. This reduces administrative burdens and minimizes manual errors, ensuring precise alignment with project milestones. The automation allows your team to focus on strategic activities while maintaining compliance and financial accuracy—an advantage not offered by other systems.

Streamlined Processes for Excellence

The Premier team collaborates to create a comprehensive operational playbook with gold-standard Standard Operating Procedures. This playbook is crucial for optimizing performance, mitigating risks, and identifying red flags while maintaining consistency across departments. By standardizing data and processes, you can trust the accuracy of your numbers, enabling better financial decisions for both projects and overall business operations.

Unlimited Company Creation to Easily Scale

Premier helps business scale by supporting unlimited companies, including LLCs, LLPs, holding companies, and joint ventures. Creating new companies or copying existing ones is straightforward and quick. Our construction financial management software automates intercompany transactions, ensuring smooth, error-free account reconciliation and fund transfers. Centralized AP invoice payments are streamlined, eliminating manual updates to loan accounts. This seamless integration across multiple entities simplifies administration, allowing you to focus on growth and profitability.

Robust Internal Controls and Error Prevention

Premier ensures data accuracy with robust internal controls and error prevention. Through user access controls, validation rules, and comprehensive audit trails, it identifies and corrects issues like duplicates before they affect financial reporting. Proactive notifications flag potential issues for prompt resolution, safeguarding the integrity and compliance of your financial and operational data.

Segregated Duties and Risk Management

Premier supports segregated duties across your organization, enhancing security and reducing fraud risk. The construction finance management system's comprehensive settings--spanning global company setup, subledgers, project configurations, document access, user roles, and transactional controls--ensure that every action, from approvals to edits and deletions, is appropriately authorized. This multi-layered approach not only maintains rigorous control but also safeguards financial integrity and operational accuracy by preventing unauthorized changes and errors at every level.