Job cost, WIP and billing reconciled to one set of numbers, with your controller approving what posts.
At a general contractor or construction manager, job cost sits in the ERP, commitments and changes in the project management platform, pay applications in a billing tool and trade partner invoices in an approval queue. Each month the accounting team reconciles them by hand before the WIP schedule can be trusted, and project executives and finance may still disagree about what a project is earning.
PRESWERX builds agents that compare those sources, draft the WIP schedule, prepare pay applications from the schedule of values and approved changes, and check trade partner invoices and lien waivers against commitments and prior billings. Exceptions are listed for a person to resolve.
The controller approves what posts and the project executive approves each pay application, so finance, operations and lenders work from the same record.
Under IT's permissions, the agent reads the ERP, the billing records, the project management platform and the approval queue.
It compares commitments, costs, changes and billings, drafts WIP and billing documents and lists the exceptions.
The controller approves what posts and the project executive approves pay applications. The record carries into the next period.
At month-end, the CFO of a general contractor with industrial and distribution projects across regions needs the WIP schedule. The agent drafts it from the ERP and the forecasts, and lists the projects where the project manager's cost-to-complete and the accounting view differ. The controller and the project executives settle each item.
For a hospital under a GMP, the agent assembles the pay application from the schedule of values, approved changes and stored materials, and compares it with the project's cost report. The project accountant reviews it, and the project executive signs before it goes to the owner and the lender.
On a design-build research laboratory, the agent matches each trade partner invoice to its subcontract, the changes approved against it and the retainage terms, and checks for the lien waiver that must accompany payment. The accounts payable team reviews the exceptions before approval.
A public owner on a transit project requires reporting on prevailing wage, participation goals and insurance from every trade partner. The agent compiles what has been received, notes what is missing and drafts the report. The controller approves it before it is submitted.
Your ERP, such as Viewpoint Vista, CMiC or Sage 300 CRE, along with billing records, an approval queue and a project management platform like Procore. Every connection goes through your IT and security review.
Financial records stay in the environment your IT team approves, with permissions that mirror existing access. We review data terms, controls and audit needs with your IT lead and your controller before connecting.
The controller approves what posts, the project executive approves each pay application and the CFO reviews what reaches lenders and sureties. The agent drafts and lists exceptions, and it does not post or send.
Yes. Job cost, WIP and billing are reconciled in one structure, so the CFO and the project executives work from the same numbers across projects, regions and business units.
With one business unit and one process, usually WIP preparation or trade partner invoice review. Once the controller trusts the exception list, the same design extends to billing, forecasting and other units.
No. Project accountants and accounts payable staff apply judgment to every exception and own the books. The agent removes re-keying and cross-checking between systems.