
Cost control is critical in the construction industry. Effective cash management can make a serious difference to the profit on a contract. Pegasus Construction Industry Solutions, known in short as CIS, captures all relevant contract information across all stages of a construction job so that the status of the contract is immediately available.
How much is the main contract discount? Has a payment been certified? When is the retention due for repayment? How much profit did you make on that job? All of these are typical questions that you need to have the answer readily available for in the Construction Industry. However due to the fact you are bound to other commitments these questions can become hard to answer.
Pegasus Construction Industry Solutions can answer these questions for you. Pegasus CIS is an extremely high level of management control over your contracts and sub-contractors. The right software puts your Construction Industry in a more profitable position, where projects will be completed on time and within a budget.
The main features that CIS provide are as follows:
•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.
Within your Construction Industry knowing what is owed and when it is due as well as who needs to be paid and when they need to be paid are all critical issues. Pegasus CIS has been specifically designed to give instant access to up-to-date information that allows you to manage your contracts; this is because effective cash management is key to making a profit in a construction environment.
A CIS system allows direct costs to be input against a contract, as well as costs derived from labour timesheets, purchases, stock and from sub-contractors. There is also a wide range of analysis reports available; giving businesses views of the current status of contracts, including job performance and detailed profit analysis reports.
A Pegasus CIS system has been specifically written for SME contractors in the construction and allied industries, giving you complete control over all the aspects of contract management. CIS is designed for small to medium sized Construction Industries. A Pegasus CIS system allows you to gain access to a wide range of analysis reports, which give businesses views of the current status of contracts, which includes job performance and detailed profit analysis reports.
Pegasus CIS also feature MIS facilities that allow you to export information and documents into Microsoft Excel, making CIS an intuitive addition to the capabilities of Microsoft Excel. This provides enhanced analytical power, which assists and simplifies even the most complex decision-making process. Purpose-built functions allow dynamic access to data from the Pegasus CIS system to populate Excel worksheets.
CIS is different from most systems as you are restricted with other systems as to what data you can view and are often unable get to the critical information you need. With a Pegasus CIS system you can look up data from all over the system. You can list screens, add filters and export information that you need straight away, which lets you see exactly what you need to.
The functionality of Pegasus CIS is astounding. It is an application that covers all the requirements of contract costing, handling all of the revenue and costs associated with running a contract, controlling materials, purchase orders and purchase invoices, through to the regulatory requirements of HMRC's Construction Industry Scheme. Fully integrated into the accounts system and payroll, Pegasus CIS truly transforms a business' ability to profitably manage contracts.
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