Financial Management

Financial Management provides instant access to contract status, receivables, payables and forecasted profitability. StreetSmarts incorporates data entered from field operations into the important accounting functions without duplicate data entry. Financial Management handles the complex calculations and unique reporting requirements of the heavy construction contractor.

Critical functions such as human resources, payroll, payables, receivables, cash management and financial reporting are addressed with easy-to-use, integrated functionality, leaving more time for the analysis of key trends and indicators that keep a company profitable.

Financial Management provides flexible, complete financial control:

Accounts Payable closely tracks all vendor transactions, including invoice entry and check processing, and maintains historical data used in reporting and inquiry. Accounts Payable also provides important planning and disbursement control over cash flows and vendor activities.

Accounts Receivable serves as the focal point for the accurate accounting of sales and the timely processing of customer statements. With primary purposes of increasing cash flow and reducing credit losses, Accounts Receivable helps contractors control the bottom line.

General Ledger is fully integrated with all other StreetSmarts components, providing complete financial control and minimizing audit time. The versatility of the General Ledger keeps important financial information within reach.

Payroll encompasses all aspects of normal labor payment, as well as additional information necessary for time/productivity management of operations and crews. Multi-state and multi-company processing are completely automated.

Payroll Add-Ons: Additional Payroll components extend the flexibility of StreetSmarts Payroll. Crew Productivity, Direct Deposit, and Payroll Time Import help organize and manage payroll-related tasks.

Human Resources: This component covers the entire life cycle of every employee. From employment application through retirement, Human Resources tracks and manages recruitment, training, benefits, compensation, reviews, drug tests, assigned assets, and safety issues.

Cash Management performs full bank reconciliation or simplified check clearing and is fully integrated with Payroll, Accounts Payable, and Accounts Receivable.