When a company is involved in a construction project, there are many variable and timelines involved. There are many things to track and many issues to be aware of. At Fund Control we are proud to offer a comprehensive software suite for banks, mortgage companies, and others involved in the financial world of construction.

While our products serve many purposes, one of the most important is facilitating simple reporting. We know that reporting is essential for two main reasons: It keeps your books accurate and it holds everyone accountable. Keep reading to discover why these are such important concerns and then contact us at 800-625-5972 if you are ready to learn more about our business-changing software.

The Essentialness of Accuracy

Providing accurate reports for your projects is important for a long list of reasons. First of all, only accurate reports can assure that everyone gets paid the correct amount and when they are supposed to. You can avoid double-dipping on invoices or late fees for invoices that were inadvertently not paid.

Increasing accuracy also helps to make tax time a lot easier, as all the information you have will be easily available. What’s more, you can trust that it is accurate. You will be able to see exactly where funds have gone, which of your contractors is over budget or under budget, and more. Remember that the more information you have on today’s projects, the better you will be able to plan tomorrow’s projects.

Accountability is Just as Important

While accuracy is essential, it is nothing without accountability – and vice versa. The truth is that accuracy in reporting helps allow for accountability based on the results of reporting. You need paper trails for all transactions. You need accurate paper trails for every transaction. This allows for the tracking and accounting of every single penny spent.

This means that if a contract specifies that a certain price or service is provided, then it can be checked and backtracked fairly easily. If an error is made on a transaction, accuracy allows for accountability in that it will be clear how made said error. It may be that more training is required, or it could be that a person needs to be let go. Either way, the more information that’s available, the easier it is to make those tough decisions.

We Can Help Increase Accuracy and Accountability

When you choose to work with Fund Control, you are working with a company that makes it simple to keep accurate records and for everyone involved in a project to track it. If you want to learn more about how we can help with these two essential factors, contact us at 800-625-5972 and request a free demo.