https://www.xperience-group.com/solutions/erp/contracts365-erp-construction-software/contract-sales/
The Contracts Sales module in Contracts365 provides a comprehensive solution for managing Valuations, Applications, Certificates, and Retention arrangements with customers.
A flexible setup ensures that your system can be tailored to meet your needs, from simple processing of certified values to the creation of detailed applications. The configuration also controls how values are posted to both the Contract Ledger and General Ledger, offering seamless financial integration.
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Within the Contract Record, you can configure required applications at contracted valuation dates, allowing for efficient management of the entire process through workflows. Applications can be created at either a Summary or Detailed Section level, based on the work breakdown. Additionally, you can include items such as Materials On Site, Loss/Expense Claims, and Provisional Sums.
Applications are typically raised as “Memorandum Only,” but the system can also be configured to automatically generate both contract ledger and general ledger postings for more comprehensive financial tracking.
“We needed a system that would give us the information in real-time. Business Central was the solution that was going to fit our needs. It’s scalable, which meant we could have all our information in one place.”
– Anthony McCabe, Director at Versatile Solutions Group
