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The Construction and Property management sectors have traditionally
been poorly served in terms of planning and reporting tools. Most
software vendors in this sector concentrate on industry specific
modules such as Job Costing and Equipment Costing, with financial
management tools usually being provided as an afterthought, and
as a result these are often quite primitive. This industry has also
been experiencing a significant consolidation in North America in
recent years, resulting in much larger companies, often needing
to provide consolidated reporting over multiple, and often hundreds,
of entities, in multiple currencies.
FMW Web has been very successfully and economically used
to dramatically improve the quality of financial management in many
of these companies, and has the following features, which make it
ideally suited to these tasks in this industry sector.
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Integrated with several leading construction software suites,
including Dexter & Chaney, CMiC and Cheetah Advanced Technologies.
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Easily handles consolidations of unlimited numbers of companies,
which is a typical characteristic of many construction / contracting
companies. This includes an ability to perform foreign exchange
conversions.
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Data structures are flexible enough to handle planning and
reporting data in multiple formats typical of construction companies,
including chart-of-accounts (GL), job costing and equipment
costing. In many cases FMW Web is also used to calculate and provide
a detailed contract schedule.
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The FMW Web Reporting module and other financial tools
radically enhance the capabilities of typical construction software,
without stretching the resources of corporate personnel.
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Built-in modeling tools and flexible configurations make it
very easy to plan for various time horizons and entities, for
example by property and tenant over a multi-year lease, in the
case of a property management company.
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