Project Budget Tracking: The client needed a system to accurately track and manage budgets for various residential and commercial construction projects. This includes monitoring expenditures against allocated budgets and forecasting future financial needs.
Subcontractor Payment Management: The system had to handle payment scheduling, track payment status, and ensure compliance with contractual terms.
Tax Reporting and Filing: This includes generating tax reports that are compliant with local regulations and managing tax-related documentation and submissions.
Dashboard: This dashboard should include key metrics such as invoices, expenses, bank accounts, and other critical financial information.
Banking Integration: Integration with banking systems was necessary for seamless handling of bank accounts, transactions, and reconciliations. The system should support automated bank feeds and facilitate efficient bank account management.
Payroll Management: The module needed to support payroll functions, including the calculation of wages, tax withholdings, and benefits. It should ensure timely and accurate employee payments.
Tax Filing Integration: The system needed to support tax filing processes by generating the necessary reports and documentation for tax submissions, ensuring compliance with tax regulations.
Accounting Module:
The accounting module needed to encompass a range of functions including:
Financial Reporting:
The client required robust financial reporting capabilities, including:
We were working with the client under an outstaffing model. This outstaffing model allowed the client to scale their development team with specialized experts quickly, ensuring efficient implementation of the finance management module without the overhead of full-time hires.
