Next-Gen

Construction Financial Management Software

This comprehensive cloud-based construction financial and accounting software tracks expenses, records sales/purchases, send payment reminders, and manages accounts payable/receivable. Maintains party-wise ledgers, manages cash flow, analyses job costing, and processes material purchase invoices.

Let's Connect
equipment management software
nkc projects logo
urc logo
delhi jal board logo
vanbros logo
ecl logo
rsv logo
yashoda hospitals logo
cds logo
sps logo
dev yash project and infrastructure pvt. ltd logo
vinshu prakash r punglia pvt. ltd
apm india logo
asvpl logo
bharat group logo
clear dekho logo
d2v logo
gccsl logo
hr service logo
i4 technologies logo
india blended logo
life express logo
ajm logo
celgall logo
indian bank logo
saharanpur nagar nigam logo
vdb prohects logo
Overview

NYGGS Construction Financial Management Software

NYGGS Construction Accounting Software is your all-in-one solution for managing project finances and accounting precisely. With features such as automated invoicing, payroll management, and risk tracking, you can ensure that every financial aspect of your projects is meticulously managed. Designed to help contractors and project managers with budgeting, cost tracking, and financial reporting, this software empowers you and your finance team to control revenues and expenses.
erp planning
erp planning
Generate insightful reports that clearly show project profitability and cash flow, enabling informed decision-making. Whether managing accounts payable or reconciling bank statements, our software gives you the tools to optimise financial performance. Plus, stay on top of financial compliance with Indian financial regulations and standards. Transform your accounting management processes with this powerful NYGGS Construction ERP software module.

Our Construction Financial Management Software Features

This construction financial management software makes reconciling balances and generating financial records for IT or GST returns easier. It also helps you maintain regular cash flow. There are several business accounting reports to help you understand your business and make decisions for growth. Some of the key offerings are:

Standard Double Entry Book-Keeping

Implement a robust double-entry system for accurate financial tracking, ensuring every transaction is recorded systematically.
Benefits:
  • Accurate records
  • Enhanced accountability
  • Financial integrity

Job Costing & Budget Forecasting

Track job costs and forecast budgets effectively to ensure projects remain financially viable and within planned limits.
Benefits:
  • Cost control
  • Financial forecasting
  • Improved profitability

Financial Compliance

Ensure adherence to financial regulations and standards through built-in compliance checks across all financial processes.
Benefits:
  • Regulatory adherence
  • Risk mitigation
  • Enhanced credibility

Automatic TDS, Service Tax Calculation

Automate the calculation of TDS and service tax, reducing manual errors and ensuring compliance with regulations.
Benefits:
  • Compliance assurance
  • Reduced errors
  • Time savings

Built-in Budget Monitoring System

Monitor budgets in real-time to track spending against planned expenditures, facilitating proactive financial management.
Benefits:
  • Real-time tracking
  • Proactive management
  • Cost control

Project-wise Balance Sheet, P&L, Ledgers

Generate detailed financial statements for each project, providing insights into profitability and financial health.
Benefits:
  • Informed decisions
  • Financial visibility
  • Performance tracking

Cash Flow Projections & Reports

Create cash flow projections to anticipate future financial needs and manage liquidity effectively throughout projects.
Benefits:
  • Improved liquidity
  • Strategic planning
  • Risk management

Creditors/Debtors Ageing Report

Analyse ageing reports for creditors and debtors, enabling timely follow-ups and improved cash flow management.
Benefits:
  • Timely collections
  • Improved cash flow
  • Better relationships

Payment/Receivable Management

Streamline payment and receivable processes to ensure timely transactions, enhancing overall financial efficiency.
Benefits:
  • Efficient transactions
  • Enhanced cash flow
  • Reduced delays

Purchase Requisitions vs Purchase Orders Reports

A dedicated financial management software dashboard to compare purchase requisitions against orders to identify discrepancies and ensure accurate procurement processes.
Benefits:
  • Accurate procurement
  • Cost control
  • Enhanced accountability

GRN Based Billing

Facilitate billing based on Goods Receipt Notes (GRN) to ensure accurate invoicing aligned with received goods.
Benefits:
  • Accurate billing
  • Streamlined processes
  • Reduced disputes

Billing vs Costing vs Cost Inflow Comparison

Compare billing amounts against costs and inflows to effectively assess project profitability and financial performance.
Benefits:
  • Profitability insights
  • Financial analysis
  • Informed decision-making

Plan Vs. Actual Budget Comparison

Compare planned budgets against actual expenditures to identify variances and adjust strategies as needed.
Benefits:
  • Performance evaluation
  • Strategic adjustments
  • Financial discipline

Finance & Accounting MIS Report

Generate comprehensive MIS reports covering ledgers, bank reconciliations, trial balances, P&L statements, and balance sheets.
Benefits:
  • Comprehensive insights
  • Enhanced reporting
  • Informed strategy

Integrated to Other Modules of NYGGS ERP

Seamlessly integrate with other NYGGS construction ERP software modules to comprehensively manage all business functions within one platform.
Benefits:
  • Unified operations
  • Improved efficiency
  • Streamlined data flow

Individual Advantage

Stop drowning in construction finances. NYGGS Construction Accounting Software provides financial professionals with essential tools to manage timesheets, control project budgets, and ensure smooth cash flow. This software is designed to offer clear benefits for financial and accounting managers, contractors, and project managers.
Financial/Accounting Managers
NYGGS simplifies financial operations with automated invoicing and expense tracking, ensuring accurate financial records. Gain instant insights into project costs, budgets, and cash flow, confidently enabling data-driven decisions anytime, anywhere. Finally, generate comprehensive financial reports with just a few clicks. Stay audit-ready and impress stakeholders with precise, concise financial data. This allows managers to focus on strategic planning and compliance while maintaining a clear cash flow and profitability overview.
Contractors
The software streamlines contractors' cost estimation and payment schedule, minimising delays and improving cash management. It facilitates efficient management of change orders, ensuring accurate billing to prevent revenue leakage due to missed or mismanaged changes. With integrated workflows, contractors can efficiently manage subcontractor payments and track project expenses in real-time. Finally, collaborate seamlessly with project managers and accounting teams, ensuring everyone is on the same page financially.
Project Managers
Project managers will find comprehensive financial reporting and risk-tracking features facilitating informed decision-making. Through construction accounting software, they can monitor project budgets in real time and identify potential cost overruns early on, allowing you to take corrective action before it's too late. Gain valuable insights into project cash flow and make informed decisions about resource allocation and spending. Generate project financial reports quickly, keeping stakeholders informed and impressing them with your financial transparency.

Managing your project's finances is NO longer challenging. Learn how!

Frequently Asked Questions

Construction financial management system helps construction companies manage budgeting, cost tracking, invoicing, and cash flow to streamline financial operations and increase project profitability.

Yes, the Financial Management module is designed to integrate seamlessly with other ERP modules to ensure data flow and synchronisation across departments and processes.

NYGGS financial management software includes features that ensure compliance with industry regulations through automated reporting tools that comply with tax laws and security standards.

Finance Management enables the generation of comprehensive financial reports and analysis, including balance sheets, income statements, cash flow statements, budgeting reports, profitability analysis, and more, providing valuable insight for decision-making.

NYGGS finance & accounting software uses robust security measures to ensure data confidentiality and integrity, including user authentication, role-based access controls, and encryption. Regular data backups and audit trails enhance accuracy and security.

Interested in working with us?

LET’S TALK AND GET STARTED

mail to our sales department sales@nyggs.com
Our Whatsapp Number +91 73 0359 3999

& What's you will get:

  • Excellent Customer Support
  • Product Consulting by Experts
  • Integration with 3rd-party Apps
We're Here for You – Reach Out Today!
Contact Now

Let's discuss with a cup of coffee

We hate spam, and we respect your privacy.