If today’s CFMs have a mantra, it’s probably something like: I know I can accomplish more with fewer resources. I know I can, I know I can . . .
For example, tighter credit markets have pushed CFMs to find better ways to monitor profitability and cash flow. And for many construction companies, overhead reductions have placed bigger burdens on newly downsized accounting teams.
Both of these scenarios drive the need for greater efficiency through process improvement.
In their quest to become more efficient, CFMs frequently turn to their trusted business partners and advisors for assistance. Consultants and CPA firms, along with industry associations and colleagues, are the obvious “go-to” resources for insight. Yet, there is one partner that is often overlooked: the construction software provider and its professional staff.