Comprehensive financial workflows keeps your work under control.
Our construction project management platform offers extensive budgeting and billing options that will allow you to include progress against a schedule of values, cost plus, manage time & materials, and create generic commercial invoicing. Manage your schedule of values and make any necessary updates so you can bill the customer accordingly.
AIA-Style Progress and Cost Plus Billing
With RedTeam’s construction project management software, you can produce detailed AIA-style billing as progress billing or cost-plus billing. You can then invite clients to collaborate on preparing these documents and keeping an accurate record of all the communication that is taking place during the construction process. Use preloaded G702/703 AIA-styled contracts for customer compliance—complete progress billing on AIA-style applications for payment or letter-style invoices. Efficiently manage cost-plus billing to your customers when it is needed.
The invoice approval workflows allow you to validate vendor invoices against the commitment schedule of value, validate credentials like insurance documents, and move the invoice through your internal approval process. With our TeamPlayer mobile application, this process is now 100% paperless. Quickly record time and materials for work performed in the field on T&M Sheets and combine these documents into an invoice to bill your customers.
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revenue recognition & financial reporting
“The more I use RedTeam the more I find out just how intuitive the software is. The developers and programmers must really understand the industry and what is important to users and management. As a finance person, I’ve found the accounting interface to work well and the integrated reports to be very useful.”
Because RedTeam helps you manage every aspect of your projects both from the field and the office, all the financial information is made readily available to you and the team in real-time. Each project has individual detailed budget control and reporting. All that information is organized to provide you with a live work in progress (WIP) report giving you complete visibility into your organization’s financial health.