DRG offers project cost reporting services as well as an innovative financial reporting software solution. By enhancing your existing job cost system or adding real-time financial reporting capability to your Timberline software, DRG can help boost a contractor’s bottom line by offering enhanced visibility to manage projects and track costs and productivity.
Cost Reporting Services
Working with a contractor’s existing financial system, DRG will build essential reports needed to properly and effectively manage construction projects on a day to day basis. The primary benefit of a properly implemented project accounting and reporting system lies in the contractor’s ability to understand the current status of each of its projects, and then providing simple, concise reporting tools to manage projects and improve project performance. And by integrating cost, productivity, and committed cost data, the system can be designed to reliably calculate the estimated cost and profitability for each project, which is the cornerstone of a reliable financial statement.
Financial Reporting Software
Contractor Financials Now (CFN)™ is a Microsoft Excel-based financial reporting software package designed to provide contractors the ability to quickly and easily produce financial statements. Unlike other, off the shelf, one size fits all applications, CFN is built to your specific needs and ready to run after a simple implementation. And it’s designed specifically for contractors whose earnings calculations rely on a Work in Process schedule. CFN offers standard Balance Sheet, Income Statement, Cash Flow Statements and WIP Schedules as well as any number of other user-defined reports.
CFN seamlessly queries your Timberline data and presents it in user-friendly report formats, allowing for immediate presentation of your financial results. The WIP schedule allows users to update contract values and estimated costs and, because it’s Excel-based, the changes are reflected in the financial statements immediately. This feature allows contractors to instantly review the results of their changing assumptions. And because the reports are driven by simple queries, there’s no end to the reports or metrics that can be added to the contractor’s financial reporting package. To request more information on CFN software, click here.
