Business Transformation Services

CONSTRUCTION
INDUSTRY

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About Us

If your business is looking to achieve higher profitability, increase efficiency and obtain faster growth, Bennett Thrasher’s Business Transformation Services is here to help you support your organization’s goals. We help you streamline financial processes strategically and deliver insights to improve performance. Our services also allow you to make informed decisions using cutting-edge technology and enterprise intelligence.

As your transformation advisor, we leverage technology that delivers real-time visibility, turning your business decisions into a catalyst for growth. Whether you are looking to take your business to the next level, make an acquisition or elevate your finance and accounting functions, you will benefit from outsourced accounting services tailored to your precise business priorities.

We utilize a team of industry and subject matter experts who understand complex businesses, driving bottom-line results. This expertise, combined with cloud-based, integrated accounting ERP technology solutions, gives you real-time access to your data and key business metrics.

What We Do

Business Transformation Services at Bennett Thrasher can help you with:

  • Managed accounting services to leverage technology and financial transparency
  • Best in class cloud technology able to deliver real-time visibility and control to drive business growth
  • Vertical expertise to help improve business processes, identify key metrics and make better business decisions
  • Business process solutions including accounting, system design and management, as well as reporting and analysis
  • Extensive reporting and dashboard capabilities including both financial data as well as non-financial data providing a holistic view of the company
  • Multi-system integration expertise tying the G/L with sub-systems – allowing real-time, automated flow of information
  • Client Success Management serves as your guide for ensuring the design of the solution continues to meet the evolving needs of your company.

How We Do It

TECH

Using the latest cloud-based tools, we have developed an integrated approach to meet your specialized, growing and always changing business needs. Included in this solution are

  • Sage Intacct for accounting
  • Yooz for financial document and work flow approval process
  • Nexonia for expense and time management
  • An integration with ProCore

PEOPLE

Our financial experts specialize in construction accounting and technology transformation services developed to help construction firms improve the efficiency and productivity of their accounting, back-office and field operations. We offer construction industry specific information management designs and accounting experience. Our industry focus means we've acquired in-depth know-how and developed construction specific designs and best practices unmatched by accounting firms, IT consultants or software VARs.

PROCESSES

With BT by your side, your firm will reduce costs and improve productivity resulting from paperless, streamlined, and optimized information flows. Our wide range of construction accounting and transformation services include:

  • Project/job costing.
  • Contract backlog (both Invoice and Revenue).
  • Budget tracking to commitments and spend by project and cost code.
  • Automation of the revenue and WIP recognition based on % of completion.

We provide visibility into baseline budgets and adjustments so you can gain insight into what drives profitability, ensuring a positive view into the cash position of projects.

Outlook Survey

The construction landscape continues to improve and grow along with the economy in Georgia. The following report is based upon an online survey of privately-held construction companies in Georgia conducted by the Construction Management Department at Kennesaw State University, in conjunction with Bennett Thrasher LLP. The purpose of the Georgia Construction Outlook Survey is to analyze specific benchmarking data of general contractors and subcontractors in the construction industry that are headquartered in Georgia.

The survey highlights:

  • Financial performance and investment in the business
  • Employee compensation and retention best practices
  • Business strategies and concerns
  • Innovation and use of technology

By analyzing and interpreting this data, a greater awareness of best practices and trends help leaders in the construction industry better understand the competitive landscape and prepare for the future. The survey report also highlights the top concerns of Georgia construction businesses and provides an economic outlook for the state of the industry.