Construction Industry Solutions

For everyone in the construction industry, there’s good news and bad news. The bad news is that HM Revenue & Customs are changing the tax system for the construction industry in 2007. That’s not a lot of time for contractors and subcontractors to get ready.

Pegasus Construction Industry Solutions is a portfolio of software solutions specifically designed for the construction and allied industries, and will not only make you fully compliant with the taxman’s plans, they’ll also bring astonishing efficiencies to your contract management.

The system provides complete control for contracts management, from costing through to payment applications, VAT invoicing and cash receipt matching.
If you consider the percentage of overruns on construction projects then there is clearly an immense need for software that can help aid in delivering a project on time and within budget.
Cash management is crucial if you are to make a profit in a contracting environment. Pegasus CIS has been designed to allow up to date information so that you can service and manage your contacts.
The financial position is always available and can be analysed and integrated using user definable view screens.
The Management Information System (MIS) provides multiple financial reporting facilities, and because the system was designed with MS Windows in mind it has an export facility to Excel.

Pegasus CIS recognises the complex business requirements of the construction sector, and offers an unparalleled level of management control over contracts and subcontractors. It integrates with programmes such as Opera II, Sage Line 50 and Sage MMS, posting to the Sales, Purchase and Nominal Ledgers, Cashbook and Payroll.

Flexibility

Many existing systems are restricted to showing preset data screens / reports, and are unable to delve deeper into the critical information which needs to be accessed as quickly and easily as possible. Pegasus CIS has the ability to look up data from across the system through list screens, meaning you can add, filter and export any information you need straight to excel for further investigation. This lets you see exactly what you want/need to see, rather than siphoning through information which has no real use to your analysis.

Contract Costing

Pegasus CIS is a contract costing system designed for small to medium sized construction companies, helping to ease the administrative burden of running a construction project whilst allowing the management team full and easy access to all the necessary critical information, including;

Purchase Invoice Costing
Payroll Timesheets
Stock Control
Overhead Recovery
Cost Analysis - Labour, Materials, Sub Contractors, Plant, etc

Sub – Contractors

Pegasus CIS includes an application for sub-contractors whereby their payment can be entered, and once approved it is possible to produce a payment certificate that can be sent the sub-contractor - there is also a separate posting routine for timesheet only sub-contractors.

Budgets
Retentions
Works Orders
Discounts
Voucher generation
Certificate Payments
Timesheet Entry

Contract Purchasing

Pegasus CIS includes a Purchase Ordering System that monitors the following;

Purchase Orders
Goods Received Notes
Invoice Matching

As deliveries are received and invoiced the system is updated, enabling you to maintain an accurate picture of the committed costs. The flexibility of the system allows for capabilities such as turning off the GRN section and simply raising purchase orders to match the incoming purchase invoices.

The Contract database is the central hub of the system, where all of the information posted is updated. Contracts can be either run separately or linked to projects for a true contract management overview, allowing for further in-depth analysis. Cost and sales information can be updated here, providing instant real-time information such as applications, valuations, and retentions held, as well as total costs. Specific cost areas such as total labour and materials can also be analysed. These cost heads are totally user definable and can either be structured generically or separately, depending on individual contracts.

Functionality

The functionality of Pegasus CIS is unrivalled within the software market; it can truly transform a business’ ability to profitably manage their contracts. It covers: