It means the sector demands a robust and reliable Accounts Receivables (AR) system—and a system that recognises its unique needs. So we built it.
Discover a load of AR functionalities tailored to the construction and engineering industry—so you get paid faster and easier. They include:
Facilitate invoicing based on completed project phases or milestones to create consistent cash flow during lengthy projects.
Easily manage and track retainage amounts.
Efficiently track, approve, and bill for deviations and/or additions to original project scopes—a must-have feature in this dynamic industry.
Generate invoices specifically tied to individual projects or job codes for easy tracking of revenues and costs.
Adequately and easily handle lien waivers.
Handle billing disputes and discrepancies systematically to help maintain and strengthen critical relationships.
Automatically calculate and apply relevant construction taxes and regulatory fees, ensuring compliance with local and national regulations.
Tailored templates that provide detailed breakdowns and cater to specific job requirements.
Immediate boost to our cash flow by automating the dunning—and my CFO is freed up for the pitching and growth work that matters.
Revenue grew just from using Nova—and costs are dropping. The real-time intel means more nimble decisions in a volatile market.
We lifted revenue by 12% in the first quarter, we spend less getting paid, and we’re now making data-driven decisions.