What Are the Best KPIs to Track with a WIP?
Tracking KPI’s with Cabbage and Sage 300 CRE Tracking KPIs (key performance indicators) is necessary for measuring your progress toward meeting business goals and are vital for showing trends that affect your profit, especially if you profit from a job-by-job system. They also offer information that allows you to make better decisions about and during projects. So…
Can You Accurately Manage Cash Flow Without a WIP Schedule? Short Answer: No
Relying on traditional spreadsheets and tracking costs after the fact is a poor business practice known in professional project management circles as “management from the rearview mirror.” Making present and future cash flow decisions based on past project history is like closing the proverbial barn door after the horse has run away. Avoid Managing from…
Saving Time with Real-time Data
Save Time with Real Time Data in Sage 300 CRE There’s always human error during projects, usually due to inaccurate, siloed, or inaccessible data. You can avoid these issues with real-time data, which puts accurate, up-to-date information at your fingertips. REAL-TIME DATA SAVES YOU TIME AND MONEY IN SEVERAL WAYS. COST SAVINGS If your firm…
The WIP Schedule as a Strategic Tracking Tool
Strategic WIP Tracking with Cabbage for Sage 300 Construction The benefits of using a WIP schedule go far beyond complying with requirements from surety underwriters, bonding agents, and bankers. However, those financial entities will make bonding capacity decisions based on your company’s ability to run a job profitably, and they rely on your WIP reports…