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Construction Cash Flow Forecasting Software

Project cash flow precisely 3-6 months in advance so you can plan large projects, know the best time to make payments, and see potential cash flow changes.

Why Choose Us

Keep your business profitable

Invest in new equipment or expand your business development team without breaking the financial balance. Construction Cash flow forecasting software helps you determine if you can reinvest in your business and take on new projects. Identify issues early on and see every cash flow detail with our construction cash flow forecasting software.

Keep track of expenses

Monitoring a business’s cash flow is essential to keep track of expenses. Ensure that enough money flows in regularly to support the business—study monthly cash flow with our reports, which help you identify and plan for significant expenses. See what makes up your costs, and ensure you have enough cash to make all payments on time.

Maintain positive cashflow

Being in positive cash flow refers to a healthy and profitable business. Our construction cash flow forecasting software helps you understand where your money comes and goes so that you don’t have any difficulties when making payments. With us, you can be sure that you will have enough cash to respond despite the frequent changes in construction work prices and materials.

construction cash flow management software

Cash flow statement for construction

Analyzing cash flow statements can help your construction company understand potential cash outflows and inflows. An accurate cash flow statement for construction projects will help your business anticipate problems and generate more revenue. Get detailed insight into the company’s cash flow anytime, anywhere.

  • Create a cash flow statement for a construction project to determine its profitability.
  • Determine whether the project is financially feasible and worth its time.
  • A cash flow diagram provides an overview of cash inflows and outflows to determine whether a project is profitable.
  • Ensure cash flow accuracy and that your business is always economically stable.
  • Estimate project costs and revenue and when that income will be realized.
  • Identify the resources needed to complete the work.
construction cash flow management software

Stay efficient with automated construction cash flow forecasting software

Simplify the complexity of cash flow management across multi-business enterprises with an automated solution. Easily monitor your company’s cash flow in real-time, reduce forecasting time from days to minutes, and free up more time for analysis.

  • Automatically forecast your income and expenses to see if you have enough cash in your account.
  • Create different scenarios with just a few clicks to see the impact of cost overruns on your cash flow.
  • Easily adjust the expected due dates of expected payments to see their effect on your cash balance.
  • Eliminate manual data entry and increase the accuracy of your cash flow forecasts.
construction cash flow table view

Increase Cash Flow Visibility

Centralize all your data sources into a single intuitive dashboard. Don’t get lost in clunky spreadsheets; use our Gantt or table view on your terms and easily make decisions based on the data. This gives you everything you need for better cash visibility, all in one place.

  • View your construction project’s current cash flow status and see where your business is heading.
  • Say no to manual cash flow analysis in Excel.
  • Synchronize and categorize all your cash flows.
  • Drill down into line item level and use system filters to create estimates at any cost code, project phase, or project type level.
  • See you your past, present, and future cash flow.
construction cash flow management software

Keep your suppliers happy

Accurate cash flow forecasting will prepare you for future and serious discussions with your stakeholders. You need to know when you are over or under budget to adjust your forecast. Pay on time, every time, and maintain your reputation with the best suppliers. Cover cash shortages and ensure that your bank balance is good enough to pay all your expenses on time.

  • Pay your staff and contractors on time and in full.
  • Maintain good relationships with your suppliers.
  • Manage your cash flow as a team by sharing your dashboards in real-time with your manager, CFO, accountant, and finance partners.
construction cash flow portfolio

Track cash flow portfolio forecasts in one place

  • Use a single dashboard to track approved sales and purchase invoices for your entire portfolio.
  • Get a clear overview of how much you need to pay for a specific period or job and plan your cash flow accordingly.
  • Track your project’s monthly cash flow.
  • Check whether project revenues exceed budget from a single dashboard.
  • Notice immediately if the monthly approved costs exceed the project’s revenues in the portfolio.
  • See which customers pay on time and which are late.
construction cash flow management software

Cash flow forecasts for construction projects

Cash flow projections are critical to any construction project, and accurate forecasts help you predict your cash needs several months in advance. Estimates for each project reduce the risk of the project going over budget, and Bauwise makes it easy to manage your company’s cash flow and create project-by-project forecasts.

  • Determine your cash flow needs by budget, revenue, expenses, or commitments to ensure feasible projections.
  • Create accurate forecasts and see planned and actual spending to understand how much money your business has.
  • Anticipate cash flow problems before project completion.
  • Estimate project costs accurately.

Accurate cashflow predictions

Bauwise predicts your future receipts and payments using assumptions from your previous accounting data, allowing you to make crucial decisions. Anticipate how a new project might affect your cash flow if the project gets delayed or faces difficulties on the road.

  • Quickly and easily create cash flow projections that look far into the future.
  • Get accurate predictions based on previous project payments.
  • Understand changes in upcoming cash flow expectations and confidently identify the source of those changes in seconds.
  • Use the data you already have to understand trends better and verify existing cash projections.
construction cash flow management software

Accurate cash flow planning

Planning cash flow is critical for contractors to anticipate potential cash flow dips at any time during the project lifecycle. Determine where payments will exceed incoming revenue to negotiate payment options with the client.

  • Understand future cash requirements and determine project feasibility and timelines to effectively plan your budget.
  • Understand whether you can purchase new equipment, hire new employees, bid on the project, and pay your suppliers on time.
  • Create multiple versions which allow you to compare past cash flows with current ones and update actual costs as they arrive.

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More than 10 000 projects managed by using Bauwise

FAQ

Managing cash flow in construction is crucial for project smooth operation and success. Here are some strategies to effectively manage cash flow in the construction industry:

  1. Forecasting: Predict future cash needs based on upcoming project phases.
  2. Invoicing: Bill regularly and promptly based on completed work.
  3. Clear Payment Terms: Set clear, predefined payment milestones in contracts.
  4. Monitor Payments: Keep track of accounts receivable and chase overdue payments.
  5. Expense Monitoring: Track and control costs, comparing them regularly to the budget.
  6. Use Technology: Employ construction accounting software for real-time monitoring and forecasting.
  7. Supplier Negotiations: Secure favorable payment and discount terms with suppliers.
  8. Emergency Fund: Maintain reserves for unexpected expenses or delays.
  9. Financing Options: Have access to credit lines or loans for cash tightness.
  10. Review Regularly: Regularly check your cash flow status.
  11. Efficient Project Management: Minimize project delays to maintain a steady cash inflow.
  12. Manage Change Orders: Quickly price, document, and bill for any project changes.

 

By implementing these strategies and maintaining a proactive approach to financial management, construction businesses can ensure a healthy cash flow, allowing for smooth project execution and long-term financial stability.

Creating a cash flow diagram for a construction project visualizes the inflows and outflows of money over the project’s duration. Here’s a step-by-step guide:

  1. Time Intervals: Decide on a scale (e.g., days, weeks, months).
  2. Inflows & Outflows: Identify all income sources and expenditures.
  3. Chart Setup: Draw horizontal (time) and vertical (money) axes on graph paper or software.
  4. Plot Inflows: At respective times, draw upward arrows for income.
  5. Plot Outflows: Mark expenditures with downward arrows.
  6. Cumulative Cash Flow: Draw a line tracking net cash flow over time, moving up for income and down for expenses.
  7. Highlight Critical Points: Mark periods of low or negative cash flow.
  8. Regular Updates: Adjust the diagram as actual cash flows occur.
  9. Software Assistance: Use project management or financial software for easier tracking and visualization.

 

By visually representing your cash flows, you’ll better understand your project’s financial health and be better prepared to make timely financial decisions.

Cash flow forecast software for construction helps contractors and project managers predict the inflow and outflow of money during a construction project, ensuring financial stability and successful project completion. Here are some popular cash flow forecast software solutions tailored for the construction industry:

  1. Bauwise: Known for its budgeting and cash flow forecasting capabilities, Bauwise is specifically designed for construction businesses to keep track of project finances.
  2. Procore: An all-in-one construction management software, Procore offers financial tools that include cash flow forecasting, budgeting, and expense tracking.
  3. Sage 100 Contractor: Previously known as Sage Master Builder, it offers in-depth accounting tools, including cash flow forecasting tailored explicitly for construction businesses.
  4. CoConstruct: Primarily designed for custom home builders and remodelers, CoConstruct has budgeting and forecasting features to keep track of financial aspects.
  5. Viewpoint: A comprehensive construction management solution, Viewpoint offers cash flow forecasting among its financial management tools.
  6. Jobpac by Viewpoint: Especially popular in Australia, Jobpac provides an integrated construction management software solution that includes cash flow forecasting.
  7. Buildertrend: Aimed at home builders and remodelers, Buildertrend includes financial tools that can assist in cash flow forecasting.
  8. Jonas Construction Software: A comprehensive ERP solution tailored for construction, it offers a full suite of accounting tools, including cash flow forecasting.
  9. ProjectPro: This software integrates with Microsoft Dynamics to provide an all-in-one construction accounting solution, which includes cash flow management.
  10. RedTeam: A commercial construction platform offering robust financial tracking, including cash flow forecasting.

 

When choosing a software solution, it’s essential to consider the size and nature of your construction projects, integration capabilities, ease of use, and the software’s cost. Many of these platforms offer demos or trial periods, allowing you to assess their fit for your needs.

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See for yourself how simple and efficient can construction cash flow forecasting software be

The typical learning time is just two sessions, while our software can save you up to 4 workdays per month

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