Contractors are set up to build and that’s what the vast majority enjoy doing. Building with high quality and efficiency is important for long term success of your company, but perhaps just as important, but enjoyed much less than building, is tracking and managing the accounts payable process.
Finding an accounts payable system that works for you and the endless amount of moving parts contractors deal with is the first step. Can you quickly and easily track down the status of invoices or review the accounting history of past jobs? If not, Core Associates believes they have a system that may allow you to do just that.
TimberScan, the flagship software from Core Associates is a paper-free solution for accounts payable, data entry, approvals, and reporting.
As most probably know, gathering invoices can be a bit of a struggle, because they come in so many different ways based upon the company you’re working with. Some prefer hard copies, some use emails, and others are all electronic. TimberScan provides solutions for all of these methods, including email monitoring, which automatically saves attachments from emails in specified inboxes and TimberScan Capture, which grabs data from pictures of invoices to reduce double entry.
The software also integrates with two key products that are popular in the construction industry: Sage 300 CRE and Procore.
Designed specifically for Sage 300 Construction and Real Estate (CRE) users, TimberScan allows for data to flow to and from Sage for seamless integration. Invoices and their data from TimberScan will automatically transfer into Sage and has the same lookups, warnings, and error messages as Sage does.
Their newest integration is with construction project management Procore, which they announced at Groundbreak 2019 in October. With the integration, invoices and pay apps that originate in Procore can be easily imported into TimberScan, continuing the quest for limited data entry and reducing double work.
For more information about Core Associates and TimberScan, you can visit www.core-assoc.com and check out my video interview below from Groundbreak 2019!
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