Construction
Construction financial software
Access COINS is cloud-hosted construction financial management software that updates budgets in real-time, manages supplier transactions, simplifies procurement and gives total visibility of CVR in a single solution.
Tailored to the needs of the construction industry, Access COINS construction financial software simplifies the payment cycle with digital transactions and receipts, meaning business relationships are improved and cashflow is stable and predictable.
Gain control over your project budgets and forecasts with Access COINS.
Control cashflow with construction budgeting software
Our construction-specific financial software simplifies the complexity of construction projects. Access COINS’ award-winning capabilities help construction businesses control their budget at every stage of the construction lifecycle.
From suppliers to customers, payroll to materials, construction finances are easier to manage and audit when they’re digital. By connecting financial data silos under a single ERP system, finance leaders gain total control.
Make better financial decisions with Access COINS.
Financial management software built for construction
Financials in the construction industry require a lot of manual management – Access COINS construction financial software allows companies to become agile with intelligent financial processes, helping them manage project forecasts, protect profits and make spending decisions with confidence.
- Centralise all of your valuable financial information in one place, with securely controlled access so the right people can find the data they need.
- Automate a range of customisable financial reports, from CVR to board reports, with intelligent insights built-in.
- Construction-specific software helps businesses stay compliant with legislation and regulations around construction finance.
- Remote apps help construction businesses track labour, plant and materials budgets on-the-go and in real-time.
- Access COINS is designed to eliminate the need for multiple software solutions within a construction company. It offers quality financial tools, designed for construction professionals.
Access COINS construction financial software – Key features
By increasing visibility of existing assets, contracts and expenses, Access COINS financial software helps construction companies simplify and streamline their financial processes across every aspect of their business. Access COINS provides an accurate overview of cashflow and financial health.
Board and Management Reporting
Craft personalised dashboards fed by live data. Eliminate manual number entry and unlock automatic monthly, quarterly, or yearly reports.
Custom Dashboards
Build tailored financial dashboards providing granular insights into any area of your construction business.
Audit Trails
Automatically maintain a full audit trail within Access COINS for transactional and non-transactional data to ensure compliance with internal and external audits.
Document Management
Replace paper records with a digital capturing system which enables invoices, GRN and more to be stored compliantly with no time wasted on administration.
Forecasting
Powerful forecasting tools enables construction businesses to confidently plan ahead and protect profit margins.
Asset Management
Gain full visibility of inventory, plant and fixed assets so financial professionals have a clear picture that helps businesses maintain cashflow.
Why choose Access COINS financial management software?
Move away from paper with cloud-hosted financial management
The Access COINS financials module enables purchasing and payment transactions to be processed within a single portal. Data from across your business is securely hosted on the cloud, with controlled access for each user to keep confidential data safe. Save time on administration and putting together reports and avoid errors with automated financial management processes.
Smart asset management
The financial capabilities of Access COINS are strongly tied to not only financial, but asset management. Instead of viewing financials and asset management as separate entities, businesses can use important asset data to track the ROI of their inventory to identify areas for savings. With the sophisticated asset management capabilities of Access COINS, users can understand the value of their purchases and make better informed decisions.
Simplify supplier, customer and contractor management
Self-service portals for suppliers, contractors and customers enable electronic trading for a smooth experience which keeps budget tracking and CVR up to date. Improve supplier relationships and save time on managing payments with a smooth and easy-to-use experience on both sides of a transaction.
Financial management case study: Robertson gains true cost control with Access COINS
As one of the largest independently-owned construction companies in the UK, Robertson were seeking a ground-breaking solution to help them gain a true, connected view of CVR and control costs across their projects.
“COINS has provided us with the ability to properly control our costs and produce a true cost and value report at each month end - it’s as up to date as the GRN’s received and plant returns.”
Phil Talbot, Financial Director, Robertson
Explore the other key features of Access COINS
Project Management
From managing documents to billing, connect your teams and projects with project management software designed for construction.
Workforce Management
Reduce errors and improve payroll efficiencies with software that documents, tracks and monitors time collection, taxes and payroll in real-time, backed up by comprehensive reporting.
Supply Chain Management
Improve relationships with your supply chain, manage deadlines and predict roadblocks.
Field Service Management
With real-time data and remote access, COINS field service management tools unite all aspects of service operations from agreements, billing and maintenance to visit scheduling and dispatch.
Support and construction expertise from Access Construction
Access Construction is part of The Access Group, the UK’s largest provider of business software. With specialised experience in construction technology, Access Construction provides support services including planned implementations, development, customer support and training for your team so you get the most from your financial software.
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Construction financial software FAQs
What is construction financial software?
Construction financial software refers to specialised software solutions designed to address the unique financial management needs of construction companies.
These software systems provide robust features tailored to the construction industry, allowing firms to effectively manage their finances throughout the project lifecycle. Key functionalities of construction financial software typically include:
- Budgeting and Estimating: Tools for creating accurate project budgets and estimates, considering factors such as labour, materials, equipment, and overhead costs.
- Cost Tracking: Ability to track project expenses in real-time, monitor budget vs. actual costs, and identify areas for cost-saving opportunities.
- Invoicing and Billing: Features for generating invoices, tracking payments, and managing billing cycles to ensure timely and accurate billing to clients and subcontractors.
- Job Costing: Capability to allocate costs to specific projects or job phases, enabling accurate cost allocation and profitability analysis.
- Financial Reporting: Reporting tools that provide insights into financial performance, including profit and loss statements, balance sheets, cash flow analysis, and project-specific financial reports.
What software is used in construction accounting?
Typically, the most common types of construction accounting software in the UK include:
- Enterprise Resource Planning (ERP): Comprehensive software integrating various business functions, including financials and accounting, project management, and supply chain management.
- Construction-specific Accounting Software: Tailored solutions designed specifically for the construction industry, offering features such as job costing, progress billing, and subcontractor management.
- Project Management Software with Accounting Modules: Project management platforms that include accounting modules for tracking project expenses, invoicing, and financial reporting.
- General Accounting Software: Traditional accounting software used by businesses across industries, offering basic accounting functionalities like general ledger, accounts payable, and accounts receivable.
- Cloud-based Accounting Software: Online accounting platforms that provide flexibility and accessibility, allowing users to access financial data from anywhere with an internet connection.
- Estimating Software with Accounting Integration: Estimating tools that integrate with accounting systems to streamline the transition from project estimation to financial management.
Each of these software types serves a specific purpose in construction accounting, helping construction firms manage their finances effectively and ensure compliance with industry regulations.
What is the best accounting software for a construction company?
Determining the best accounting software for a construction company depends on factors such as business size and project complexity.
- ERP Systems: Ideal for mid- to large-sized firms needing comprehensive solutions that integrate with the wider software suite.
- Construction-specific Accounting Software: Tailored for mid-sized companies with industry-specific needs.
- Project Management Software with Accounting Modules: Suited for firms focused on project management.
- General Accounting Software: Simple option for small businesses with basic needs.
- Cloud-based Accounting Software: Offers flexibility for remote teams and multiple project sites.
- Estimating Software with Accounting Integration: Beneficial for firms heavily focused on project estimation.
Please bear in mind that these are general guidelines and to determine the best solution for your business it’s always best to consult an expert. Speak to our team today to learn which platform might be best for your company.
What should I look for in construction accounting software?
When selecting construction accounting software, consider the following factors:
- Industry-specific Features: Ensure the software offers features tailored to the construction industry, such as job costing, progress billing, and subcontractor management.
- Integration Capabilities: Look for software that seamlessly integrates with other systems, such as project management software or ERP systems, to streamline workflows and data management.
- Scalability: Choose software that can scale with your business as it grows, accommodating increased project complexity and volume.
- Ease of Use: Prioritise user-friendly interfaces and intuitive workflows to ensure ease of adoption and minimal training requirements for your team.
- Comprehensive Reporting: Opt for software that provides robust reporting capabilities, including financial reports, project profitability analysis, and compliance reporting.
- Mobile Accessibility: Consider software that offers mobile accessibility, allowing users to access financial data and perform tasks from anywhere with an internet connection.
- Customer Support: Select a reputable vendor that offers responsive customer support and ongoing updates and maintenance to ensure smooth operation of the software.
