SIS Construct 365 PCM works within Microsoft Dynamics 365 Finance to manage project financials and other project and service-based businesses. SIS Construct 365 PCM with Microsoft Dynamics 365 provides a complete end-to-end solution for commercial construction.
About SIS Construct 365 PCM
With Construct 365 PCM, you can manage the variance between the current budget and Estimate at Completion (EAC) during project execution and provide a comprehensive and powerful tool for project managers to update EAC and Cost to Complete (CTC) on each project. You can also bill time & materials and fixed fee projects on a percentage of completion basis and enhance the ability to accurately manage budget revisions, change orders, schedule of values billing, and subcontracts all by project. The many reports provided with SIS PCM generate project-based reporting across all financials in real-time.
Questions Project Managers Ask
Executives, estimators, and engineers make critical decisions about project estimates and designs. These estimates and designs can have technical gaps due to lack of integration which creates a need for tighter margin fade management. Project managers must then verify the project cost will be within budget.
By using the SIS Construct 365 PCM module, project managers will be able to answer these questions:
- Is the current approved budget sufficient to complete the project?
- Can you view margin fade or gain based on productivity and change orders?
- When should I take corrective performance action to salvage project margin?
- Should the project cost performance impact the corporate financial decisions?
Why Project Businesses need both Dynamics 365 and SIS Construct 365 PCM
Microsoft Dynamics 365 Finance customers who run construction, project or service-based businesses only have part of the functionality they need without SIS Construct 365 PCM.
The SIS Construct 365 Project Cost Management (PCM) solution deeply supports all construction finance and accounting business processes. Dynamics 365 out-of-the-box does not provide full functionality for construction including monitoring variances, project spend, period sensitivity, or setting up standard codes for budgeting. SIS Construct 365 PCM supports all end-to-end construction business processes from business development, bidding, and preconstruction. Including project management all the way through execution and project close-out followed by surfacing all the KPIs and analytics to the end-users through Power BI analytics and reporting. Learn more from the video.
SIS Construct PCM Integration Paths with Dynamics 365
The graph below shows how the SIS Project Cost Management integrates with Microsoft Dynamics 365 across D365 Field Service, D365 Finance, D365 Project Operations, and D365 Supply Chain. Please visit our D365 pages for more information on each module.
SIS Construct 365 PCM Functionality
Operational Tasks
- Project & Contract Set Up
- Cost/Task Code Standardization
- Budgeting by Amount or Units Based
- POC & Units Based Revenue Recognition
- Change Order Management – Customer, Project, & Subcontractor
- Subcontract Set up for specialty
- Buyout for Materials
- Estimate Import & Processing (Heavy Bid & Bid 2 Win)
Key Reports
- Project Summary
- Project WIP
- Project Financial Overview
- Project Cost Analysis
- Revenue Booking Burn Trend
- Project Key Performance Indicators
- Project ECAC Revision & Margin Trends
- Project 360
- Closed Project Analysis
- Customer, & Vendor, Aging by Project Reports
- Pay Item Analysis
- Production Performance
- Project Net Change WIP
Operational Tasks
- Subcontract Management & Compliance
- Budgeting by Pay/Bid Items
- Real Time Cost & Unit projections
- Field Production/Units Installed
- Automated Unit Projections for Cost & Revenue
- Estimated Cost at Completion Forecasting
- Schedule of Values Billing (AIA – like)
- Retention processing
- BI & Project Analytics
Key Benefits
- Easily Forecast Job Cost
- Help Mitigate Project Risk
- Clear Visibility of Margin Gain/Fade
- Accurate Project Variance
- Updates Project EAC
- See the Impact of Each Project on The Overall Performance
Construct 365 Project Cost Management Screenshots
Click to enlarge
Our Commitment
At SIS we are committed to protecting our client’s data in our SIS Construct 365 products hosted in the cloud. Information security is our top priority and we have made significant investments to ensure organizational controls, cybersecurity, data integrity, availability, privacy, and best defense possible. Our SIS Construct 365 products are designed & built with the highest level of data security features at their core. When partnering with SIS, you can be confident your data is protected. Learn more.
