In the dynamic world of construction, where every project involves intricate financial transactions, managing billing processes efficiently is crucial. Enter ProForm, a powerful solution developed by LBMC Technology Solutions, designed to revolutionize AIA (American Institute of Architects) billing within the Construction industry.

Seamlessly integrated with Sage Intacct’s ERP accounting platform, ProForm simplifies complex billing procedures, enhances accuracy, and optimizes cash flow.

How ProForm can benefit construction professionals

1.Efficiency and Accuracy

AIA billing often involves meticulous documentation, tracking costs, and adhering to specific guidelines. ProForm streamlines this process by eliminating manual data entry and reducing errors. Here’s how it works:

Seamless Integration: ProForm seamlessly integrates with Sage Intacct, ensuring that all billing-related information resides within a single platform. No more toggling between different systems or spreadsheets.

Streamlined Workflow: Say goodbye to redundant work. ProForm simplifies AIA billing requirements, allowing you to focus on your core tasks. Whether you’re a commercial service contractor or a subcontractor, ProForm simplifies progress billing for large-scale projects.

2. Cash Flow Optimization

Construction projects often span months or even years, with multiple milestones along the way. ProForm ensures timely invoicing, which directly impacts cash flow. Here’s how it benefits you:

Timely Invoicing: ProForm’s system generates invoices at the right milestones. Contractors no longer need to manually track progress or worry about missing billing cycles.

Financial Visibility: With ProForm, you gain real-time insights into project costs and cash flow. Make informed decisions without juggling separate systems. Whether you’re planning material purchases or allocating resources, ProForm provides the necessary data.

3. Specialty Trade Contractors, Rejoice!

ProForm caters to the unique needs of specialty trade contractors. Whether you specialize in fire/security solutions, plumbing, electrical work, masonry, carpentry, or roofing, ProForm has you covered. Here’s why it’s a game-changer:

Tailored Solutions: ProForm understands the nuances of different trades. It adapts to your specific requirements, ensuring that your billing process aligns with your trade’s intricacies.

Overcoming Payment Challenges: Specialty contractors often face delays in payment. ProForm’s streamlined billing process minimizes these delays, allowing you to focus on your craft.

4. Real-Time Insights for Informed Decisions

ProForm isn’t just about billing; it’s a strategic tool. Here’s how it empowers decision-making:

Cost Visibility: Monitor project costs in real time. ProForm provides a comprehensive view of expenses, helping you stay on budget.

Project Progress Tracking: Keep tabs on project milestones. ProForm’s integration with Sage Intacct ensures that you’re always aware of where each project stands.

Cash Flow Predictability: Predictable cash flow is essential for sustained growth. ProForm’s systematic approach ensures that you can plan ahead and allocate resources effectively.

In Conclusion

ProForm isn’t merely software; it’s a partner in your construction journey. As solid as the foundations you build, ProForm simplifies AIA billing, enhances efficiency, and empowers you to make informed decisions.

Explore ProForm on the LBMC Tech website and discover how it can transform your billing process. Visit the Sage Intacct Marketplace to explore ProForm’s features. Remember, with ProForm, your billing process becomes as sturdy as the structures you construct!

More resources:

http://www.youtube.com/watch?v=1Ew1yXWkK6M

http://www.lbmctech.com/webinars-and-events/#erp

8 Signs You Need ProForm

While AIA billing software may not be essential for every business, it can significantly benefit subcontracting companies managing multiple projects simultaneously. If your company handles numerous monthly projects for various clients, implementing AIA billing software could streamline your billing processes and overcome common challenges.

Here are eight indicators suggesting it might be time to explore a progress billing tool:

1. Time Drain on Progress Billing Forms

  • Spending excessive time filling out progress billing forms.
  • Decreased productivity due to manual processes.

2. Custom GC Forms

  • Dealing with various custom forms from different General Contractors (GCs).
  • Difficulty integrating non-standard forms into accounting software.

3. Spreadsheet Management

  • Reliance on spreadsheets for managing pay applications.
  • Increased risk of errors and inefficiencies.

4. Missed Billing Dates

  • Difficulty in tracking multiple GC billing schedules.
  • Risk of missing payment cycles due to forgotten deadlines.

5. Fire Drills for Pay App Rejections

  • Need to fix rejected pay applications under tight deadlines.
  • Potential delays in payment due to errors or missing documentation.

6. Multiple Submission Portals

  • Dealing with different submission portals for each GC.
  • Challenges in integrating ERPs with various payment portals.

7. Disorganized File Management

  • Lack of centralized storage for project billing forms.
  • Risk of document loss or version control issues.

8. Complex Lien Waiver Collection

  • Requirement to collect lien waivers from multiple lower-tier subcontractors.
  • Cumbersome processes are not handled by standard ERPs or accounting software.