Anterra Technology and Business Information Group (BIG) Announce Strategic Partnership to Advance Data-Driven Performance in Construction

The month-end scramble is a term most construction accountants know a bit too well. You spend the first week of every month in a blur of emails and spreadsheet gymnastics to figure out where your projects stand.

According to the Richmond Fed, over the past 50 years (from 1970 to 2020), U. S.

Sage 300 CRE users have been relying solely on on-premises servers to manage their data for many years. But now, since cloud technology has become the standard for business operations, many companies are exploring how to actually move their Sage data into modern cloud environments.

Construction is one of those industries that haven't kept pace with technology the way it should have. You see construction firms still managing their finances the old way when modern dedicated tools are there to tackle everything in one place.

Sage 300 CRE is one of those ERPs everyone in construction and real estate has at least heard of, even if they haven't used it. It shows up in almost every "best construction software" list.

Construction accounting software demos always look impressive. Every platform claims comprehensive construction accounting capabilities.

Many companies have been using Sage 300 CRE for decades. During this time period, they've massively changed.

Excel has been around for about 40 years now. In these four decades, it has been a go-to platform for all sorts of businesses.

The Office of the CFO report 2025 by Pigment finds that 89% chief finance officers (CFOs) are still lacking accurate or complete data to base their decisions on. The major reason is manual data entry, which is fraught with the risk of errors.

Gartner estimates that 55% to 75% of ERP implementations fail to meet their objectives. This is what causes teams to frequently migrate from one ERP to another ERP and then another...

Founded in 2016, Pacific Ridge Builders, Inc. is a commercial general contractor based in the Bay Area and Sacramento.

Construction and real estate projects don't pause just because your reporting is stuck in last month's numbers. Costs shift daily, project managers want answers yesterday, and CFOs can't afford to make decisions based on stale data.

Margins in construction are fragile. They hinge on how precisely you track job costs and manage your WIP report.

You've spent years building workflows around Sage 300 CRE-custom reports, trained staff, and processes that work. Now, the pressure to upgrade is real.

Spreadsheets might not run your business, but they sure come close to doing that. According to the Association for Financial Professionals (AFP), around 70% of companies rely heavily on spreadsheets for financial activities.

If you're a construction CFO, you know that while profit margins and costs are always front and center, they're not the only signs of whether a project's going well. In reality, key performance indicators in construction go beyond just dollars and cents.

Power & Construction Group offers a complete range of services for gas and electric utilities, telecommunication companies, municipalities, educational facilities as well as commercial and industrial customers. They also own and operate Twin Tiers Constructors and Valley Sand and Gravel.

Nobody wants to waste resources on a bad subcontractor hire. With every new hire, there's worry about incomplete work, payment problems, or job site delays.

What's the difference between a successful project and a financial disaster? Reporting.

Construction companies have managed projects the same way for years-handwritten logs, spreadsheets, and old-school accounting software. But as projects become more complex, relying on outdated systems leads to errors, wasted time, and lost profits (without companies even knowing it).

For a good reason, construction is often considered one of the hardest industries to manage cash flow. You're dealing with large project costs, delayed payments, change orders, retainage, and seasonal slowdowns-all of which can make or break your cash position.

Construction equipment is getting more expensive. As of early 2025, construction machinery and equipment prices are up 0.

Most construction firms don't go out of business overnight. They make small, unnoticeable mistakes over time that end up hurting their bottom line.

A comprehensive analysis revealed that 98% of construction projects go over budget, with an average increase of 80% compared to the original plan. That's a serious problem, and it can quickly eat into profits.

Most contractors don't lose $250,000 in a single day. They bleed it slowly through missed change orders, unallocated labor hours, and subcontractor bills that somehow never match the original estimate.

Let us paint a picture for you: Your construction company lands on a huge contract. You check, and the numbers seem solid, so you start working.

Just like every other field, AI is making waves, and why not? It's a leap forward in how we build things.

What Is a WIP Schedule in Construction? Nearly 9 out of 10 large-scale construction projects (85.

The construction industry is experiencing a digital transformation driven by big data analytics. Since the advent of computerization in the 1990s, data-driven decision-making has revolutionized business operations across sectors.

In construction, your profit margins can vanish with a few missteps. A scheduling delay here, a cost overrun there, and suddenly, your projected 20% margin has dwindled to single digits.

The modern construction site is a business case in complexity. Teams are juggling countless subcontractors, coordinating material deliveries, managing equipment logistics, and adapting to inevitable scope changes and contract modifications.

Construction forecasting is a critical process that involves predicting future financial outcomes based on current and historical data. This practice allows construction companies to estimate revenues, expenses, and cash flow, enabling them to make informed decisions about budgeting, resource allocation, and project management.

Construction project forecasting is the process of predicting future project outcomes based on historical data, current trends, and various influencing factors. This involves analyzing labor availability, material costs, weather conditions, and project timelines to create accurate projections.

Sage 300 CRE Data at the Speed of SQL! Are you ready to unlock the full potential of your Sage 300 data?

Understanding Job Costing in Construction - Master construction job costing with our step-by-step guide. Learn to track expenses, analyze profitability, and make data-driven decisions.

The Importance of Construction Management Software Efficiency and collaboration are paramount to a project's success. This is where construction project management solutions play a critical role.

In this All Weather Contractors Success Story, Anterra helped Pat Quick, CTO, achieve better financial visibility and streamline operations. All Weather Contractors is a licensed team of multi-family experts specializing in renovations, natural disasters, floods, fires, interior and exterior painting, property maintenance of all types, HVAC, mechanical services, roofing, plumbing, welding, and specialty projects.

Find out how Anterra helped Will Armstrong, CFO, manage a multi-entity, multi-service company "outside of the Excel world" in this Forza Group Success Story. Forza Group, Inc.

Discover how Anterra helped Kyle Zeigler, Financial Systems Manager, standardize reporting across all companies in this National Fire & Safety Success Story. National Fire & Safety is an end-to-end fire protection and life safety company- from the design and installation to the maintenance of fire suppression and low voltage safety systems.

Cost overruns plague a major chunk of construction projects globally. These overruns turn profits into losses and trust into frustration.

The General Ledger (GL) in Sage 300 CRE is the foundational framework that records all financial transactions of a construction company. It's a comprehensive archive that categorizes every financial event, whether it's related to revenue, expenses, assets, liabilities, or equity.

Complete Guide to Construction Accounting for Contractors In the realm of financial management, accounting serves as an essential backbone for businesses. However, the unique nature of the construction industry necessitates a specialized approach to accounting.

Construction management is a vital profession within the construction industry, encompassing the planning, coordination, and execution of construction projects from inception to completion. This field plays a crucial role in ensuring that projects are delivered on time, within budget, and adhere to safety standards.

Construction businesses used to be notorious laggards when it comes to technology. That is, until the Cloud and Covid collided.

Anterra's 2024 R2 release includes significant enhancements across various features, promising to streamline processes and boost efficiency on the CPM platform. Excel Export Excellence At the forefront of this release is the improved handling of Excel reports.

Sage 300 Construction and Real Estate (CRE) is a robust tool offering comprehensive financial management solutions. However, as businesses grow and data volumes expand, users may encounter performance lags, particularly in reporting.

The complexity of construction projects can make it tempting to forgo daily reports. But there's a reason why they are an essential job aspect for contractors.

When it comes to business intelligence (BI) solutions for construction, the debate between opting for a pre-built solution like the Anterra CPM platform or a custom-built solution such as PowerBI revolves around two main factors: time and money. Save on Development and Personnel Anterra's pre-built solution emerges as a strong contender in the BI landscape, primarily due to its cost advantages.

Are you ready to exponentially increase Vista by Viewpoint's value? The Anterra CPM platform integrates seamlessly with Vista, offering a comprehensive suite of tools to enhance project management, financial oversight, and forecasting.

A key KPI for construction accounting is Construction Work in Progress (WIP). WIP is the measure of the progress of a project which provides insights into the health of operations.

AP Strategy In the construction industry, managing accounts payable (AP) is not just about paying bills. It's a strategic activity that influences a company's cash flow, vendor relationships, and overall financial health.

Understanding Timed Cash Flow Forecasting In the construction industry, managing finances is not just about tracking expenses and revenues; it's about strategic foresight and meticulous planning. Timed cash flow forecasting is a pivotal process in ensuring the financial health and success of construction projects.

For the construction industry, financial stability hinges on the ability to manage and predict project profitability. A critical aspect of this is understanding the concepts of job margin gain and fade.

The Potential to Succeed The construction industry is experiencing remarkable growth potential, driven by increasing demand for infrastructure development, residential projects, and commercial spaces. As urbanization continues to rise and economies expand, the need for skilled professionals and innovative construction solutions becomes more pronounced.

Streamline your AR Collections Managing accounts receivable (AR) in construction finance is essential for maintaining healthy cash flow and ensuring business stability. One way for construction companies to get paid faster is with the Customer Hub interface in the Anterra AR Collections module.

The construction industry, with its complex projects and intricate workflows, is increasingly turning to cloud-based Enterprise Resource Planning (ERP) solutions to streamline operations. However, the migration process can be fraught with challenges that construction companies must navigate carefully.

What Is Construction Management Software? Construction management software is a suite of digital tools designed to streamline and enhance the various processes involved in construction projects.

Anterra Data Center (ADC) Supercharges Crystal In the fast-paced world of construction, slowww reports can be crippling for your financial team! Sage 300 Construction and Real Estate (CRE) is a powerful tool for managing financials, but its reporting capabilities can sometimes be sluggish and cumbersome.

The construction industry, with its complex projects and myriad of stakeholders, relies heavily on clear communication and detailed planning. One critical aspect of this communication is the Request for Information (RFI) process.

For construction industry professionals, the tracking of Labor Rate Variance (LRV) is a crucial element in project management and financial forecasting This metric measures the variance between the actual rate paid for labor and the standard or expected rate, thus highlighting the difference between projected labor costs and actual expenses. Understanding Labor Rate Variance Labor Rate Variance is calculated using the formula: Labor Rate Variance= Approved Estimate Labor Rate - Job to Date Labor Rate For instance, if a project estimated labor at $30 per hour but the actual cost was $35 per hour, the LRV would be: 30 - 35 = (5) This negative variance indicates that labor costs were higher than anticipated, impacting project profitability.

In the dynamic world of construction, financial foresight is the cornerstone of success. The Work Backlog by Project Manager (PM) stands as a testament to this, offering a forward-looking snapshot of the workload and revenue that lies ahead.

Top 5 BEST Report Practices for a New Report Creating effective reports is crucial for making informed decisions and driving construction business success. Anterra offers powerful tools to help you generate insightful reports.

In the fast-paced world of construction finance, having access to real-time, customizable reports is crucial for making informed decisions. This is where Ad Hoc Reporting by Anterra comes into play, offering unparalleled flexibility and precision.

This S Curve forecasting article first appeared in the CFMA Building Profits July/August 2023 Edition | by Pete Gallagher A construction company faces three primary visibility challenges in predicting the timing of job margin: understanding how work backlog translates into margin, determining if a project is behind in dollars, and having forward visibility into how gross margin will end up for the year. To help businesses overcome these obstacles, S curve forecasting is a powerful tool that provides margin visibility, timing, and control.