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AboutFINANCE & CASHFLOW PLANNING
Optimize Cash Flow & Improve Financial Planning
- Manage Revenue, Billings, Profitability & Cash Flow
Manage the cash flow projections of both project revenue and project costs, creating a net cash flow forecast for true financial clarity. Create payment schedules for POs on the cost side, as well as the receivables schedule on the billing side for each project. Roll those up to view your net cash flow and financials for actuals and forecasts across the project landscape.
Customer Billing
4castplus customer billing truly streamlines the process of turning recognized revenue into customer invoices. With its built in suite of tools for revenue management and contract administration, 4castplus has the intelligent features to get winning invoices out the door and get paid faster.
- Billing for multiple contract types including T&M, lump sum, milestone, cost plus and unit price
- Issue invoices directly in 4castplus, or integrate AR with your finance system
- Built-in invoicing back-up reporting designed for construction projects
Revenue Recognition
For a construction contractor, recognizing revenue on a project can be quite complex as they support multiple contract models from time & materials to fixed price to unit price. 4castplus takes the complexity out of it as it provides all the tools, approvals and heavy lifting for you.
- Powerful progress measurements for progress billing
- Billing rate table and BOQ management for T&M or unit price billing
- Built-in approvals for timesheets and other revenue-generating events
Contract Administration
Staying on top of all the deliverables, pay item coding, deadlines, changes and invoices is critical for contractors to ensure they’re meeting the payment terms of a contract throughout the full lifecycle of a project. 4castplus enables you to build this into the project to take the mystery out of contract administration.
- Manage pay item billing codes according to the contract
- Build contract deliverables directly into the system
- Recognize revenue and progress and cost against contract pay items
Cash Flow Planning
In 2021, 4castplus will be releasing key upgrades to revenue cash flow planning that will enable customers to build-up their payment schedule according to the terms of the project contract. This provides visibility into cash inflow over the project lifecycle and where potential gaps may exist against payables.
- Pre-construction planning for payment schedules and holdbacks
- Produce net-cash-flow intersection charts between receivables and payables
- Design invoicing plan to anticipate potential cash deficits
Financial Controls
At 4castplus we take the responsibility of strict financial governance and controls as a topmost concern in everything we do. That’s why we undertake rigorous audits to continue our SOC-1 compliance. The system is rich with financial controls and standards to ensure your project financial information is reliable, accurate, current and complete; both today and over the long term.
- Project budget and reporting controls
- Segregation of duty throughout
- Fraud prevention and data integrity standards
Accounting Integration
Get free from duplicate entry of data and move into a highly connected world where your project and financial data is seamlessly shared across the enterprise. The 4castplus integration platform is specifically designed to share key data between your operational teams running projects, and your finance team to streamline everything from accounts payable, accounts receivable, payroll and much more.
- Robust integration platform to sync 4castplus data with your ERP
- Secure connections to sync AR, AP, Payroll, and much more
- Options for manual integrations using financially controlled import and exports
- Frequently Asked Questions
4castplus helps contractors and owners manage both project revenue and project costs, creating a net cash flow forecast for complete financial clarity. It generates payment schedules for both POs (purchase orders) on the cost side and receivables on the billing side, allowing you to see your financials for actuals and forecasts across your project landscape.
Yes, 4castplus automatically generates cash flow forecasts on projects and on every project task. When setting up the project plan (WBS, CBS), each task is time-phased by either the schedule or by using the built-in time-phasing cash flow planning tools. As the project plays out, actual costs are incurred, and progress is measured. Using the budget, actuals, and progress, the system can generate a cash flow forecast for you at any time. There is an abundance of tools to direct the system on how you want the forecast to be calculated and drawn. Cash flow forecasts can also be generated across multiple projects or a whole program.
4castplus simplifies the billing process by offering tools for contract administration and revenue management. It supports various contract types, such as T&M, lump sum, milestone, unit price, and cost-plus, ensuring accurate invoicing and faster payments. You can also issue invoices directly within the system and generate detailed backup reports for billing transparency.
4castplus offers robust financial controls, including SOC-1 Type-2 compliance, strict data integrity standards, and fraud prevention measures. The system enforces user access controls around segregation of duty and least privilege with evidence of review and approval. It provides audit logs of all changes, along with change management as it relates to financials. The system feeds into your financial system with secure and auditable processes that respect your financial reporting requirements.
The system ensures that your project financials are current, accurate, reliable, and complete, providing the governance needed to prevent costly mistakes and inaccuracies, which are critical for construction project success.
4castplus streamlines contract administration by helping you stay on top of pay item coding, deadlines, and changes throughout the project lifecycle. The system automatically recognizes revenue and tracks costs against contract pay items, ensuring timely billing and minimizing the risk of missing payments or deliverables that could affect your cash flow.
Additional key features
Cash flow planning and reporting
Customer invoicing with sync to finance
Construction-driven revenue recognition
Contract administration with billing codes and pay-items
Flexible coding
structures
Auto-Sync project data with accounting
Cash flow planning and reporting
Customer invoicing with sync to finance
Construction-driven revenue recognition
Contract administration with billing codes and pay-items
Flexible coding structures
Auto-Sync project data with accounting
Maximize Project Profitability
Contractors know that construction projects are complex and risky. On top of that, competition is fierce, and margins are tight, so careful management of project finances is critical for profitability and success. 4castplus cash flow projection software delivers a vast array of built-in features that give contractors deep visibility and control on revenues, cash flow and contract management to ensure profitability is protected. Additionally, the underlying infrastructure of financial controls and integrations with accounting provides contractors with the assurance and financial governance they need to be confident their information is accurate, complete and protected.