As a construction company, managing disbursement is an essential part of your business. This process involves paying contractors and suppliers for services rendered, and ensuring that all payments are made on time and within budget.

Managing disbursement can be a daunting task if done manually, which is why many companies rely on construction disbursement management software. However, selecting the right software can be a daunting experience, as there are so many options to choose from.

Here at Fund Control, we know exactly how challenging it can be so we’ve developed the ultimate disbursement management software for our clients. Call us at 800-625-5972 or simply request to try a free demo to experience our intuitive system.

In this blog post, we will break down the top features to look for in construction disbursement management software.

User-Friendly Dashboard

The software dashboard should be user-friendly and easy to navigate. A simple and intuitive interface would make it easy for users to track their expenses and make payments without any complications.

Easy Integration

The software should integrate seamlessly with other financial management software such as QuickBooks, Sage, and Xero for streamlined and easy financial reporting.

Real-time Data

One of the most important features of construction disbursement management software is real-time data. This feature ensures that information is always up-to-date, allowing for quick decision-making and helping maintain control over your project budget.

Security Features

Security is crucial when it comes to managing financial information, and construction disbursement management software should have robust security features that will safeguard financial information from cyber threats.

Automated Workflows

The software should have automated workflows that improve efficiency and accuracy. This feature allows users to automate payment approvals and invoice processing, making it easier for managers to track expenses and ensure compliance.

Mobile Access

In today’s world, it’s essential to have mobile access to software. This feature allows users to access the software on their smartphones, tablets, or any other mobile device which will help monitor their expenses remotely and take informed decisions instantly.

Project Analytics

The software should provide project analytics which will help customers in the decision-making process. With this feature, users can monitor projects’ overall progress, including the expenses, outstanding invoices, and remaining funds available.

Try Fund Control Today

Selecting the right construction disbursement management software is critical for the success of your construction company. Good software should be easy-to-use, secure, and offer real-time data. Automated workflows, mobile access, and project analytics are other essential features to look out for. Fund Control has it all.