ProForm: Simplifying AIA Billing for Construction Professionals

Blog / Introducing ProForm: Simplifying AIA Billing for Construction Professionals

Key Takeaways:

ProForm automates data entry and connects with Sage Intacct, therefore simplifying AIA billing.
ProForm guarantees timely invoicing and provides real-time financial information to help to better control cash flow.
ProForm reduces payment delays by meeting the particular requirements of specialist contractors.

In the ever-changing construction industry, where every project entails complex financial transactions, effective billing management is absolutely vital. Now along comes ProForm, a powerful tool created by LBMC Technology Solutions meant to transform construction industry AIA (American Institute of Architects) billing.

Seamlessly integrated with Sage Intacct’s ERP accounting platform, ProForm improves accuracy, streamlines difficult billing processes, and maximizes cash flow.

How ProForm can benefit construction professionals

1. Efficiency and Accuracy

AIA billing sometimes calls for exacting documentation, expense tracking, and following set policies. ProForm reduces mistakes and removes manual data entering so simplifying this process. This is how it goes:

Seamless Integration: ProForm fits perfectly with Sage Intacct to make sure all billing-related data lives on one platform. You are not switching between several platforms or spreadsheets anymore.
Streamlined Workflow: Bid farewell to pointless effort. ProForm lets you concentrate on your main chores by streamlining AIA billing procedures. ProForm streamlines progress billing for major projects regardless of your position—commercial service contractor or subcontractor.

2. Cash Flow Optimization

Many times spanning months or even years, construction projects have many benchmarks along the route. ProForm guarantees accurate billing, thereby affecting cash flow immediately. You gain from this as follows:

Timely Invoicing: ProForm’s system creates invoices at appropriate benchmarks. Contractors no longer have to worry about missing billing cycles or physically monitor advancement.
Financial Visibility: ProForm gives you real-time project cost and cash flow analysis. Make wise choices free from juggling several systems. ProForm offers the required information whether your budget is being allocated or you are making material purchases.

3. Specialty Trade Contractors, Rejoice!

ProForm meets the particular needs of specialized trade contractors. ProForm covers whatever your area of expertise—fire/security solutions, plumbing, electrical work, masonry, carpentry, or roofing. Here is the reason this is a game-changer:

Customized Solutions: ProForm is aware of the subtleties in several trades. It meets your particular needs so that your billing procedure fits the complexities of your trade.
Overcoming Payment Challenges: Specialty contractors can have payment delays. The simplified billing system of ProForm reduces these delays, therefore freeing you to concentrate on your work.

4. Real-Time Insights for Informed Decisions

ProForm is a strategic instrument not only for billing. It helps to empower decision-making like this:

Cost Visibility: Track project expenses right now. ProForm lets you see all of your spending holistically, therefore guiding you toward budget.
Project Progress Tracking: Track project milestones in order of progress. The way ProForm interacts with Sage Intacct guarantees that you will always know where every project stands.
Cash Flow Predictability: Maintaining constant growth depends on predictable cash flow. The methodical methodology of ProForm guarantees your ability to make efficient use of resources and make ahead plans.

In Conclusion

ProForm is an ally on your building path, more than a tool. ProForm streamlines AIA billing, improves productivity, and helps you to make wise decisions—as strong as the foundations you create.

Discover how ProForm might change your billing process by exploring ProForm on the LBMC Tech website. See ProForm’s features at the Sage Intacct Marketplace. Remember: ProForm makes your billing procedure as strong as the buildings you create!

More resources:

https://www.youtube.com/watch?v=1Ew1yXWkK6M

https://www.lbmctech.com/webinars-and-events/#erp

8 Signs You Need ProForm

While AIA billing software may not be essential for every business, it can significantly benefit subcontracting companies managing multiple projects simultaneously. If your company handles numerous monthly projects for various clients, implementing AIA billing software could streamline your billing processes and overcome common challenges.

Here are eight indicators suggesting it might be time to explore a progress billing tool:

1. Time Drain on Progress Billing Forms

Spending excessive time filling out progress billing forms.
Decreased productivity due to manual processes.

2. Custom GC Forms

Dealing with various custom forms from different General Contractors (GCs).
Difficulty integrating non-standard forms into accounting software.

3. Spreadsheet Management

Reliance on spreadsheets for managing pay applications.
Increased risk of errors and inefficiencies.

4. Missed Billing Dates

Difficulty in tracking multiple GC billing schedules.
Risk of missing payment cycles due to forgotten deadlines.

5. Fire Drills for Pay App Rejections

Need to fix rejected pay applications under tight deadlines.
Potential delays in payment due to errors or missing documentation.

6. Multiple Submission Portals

Dealing with different submission portals for each GC.
Challenges in integrating ERPs with various payment portals.

7. Disorganized File Management

Lack of centralized storage for project billing forms.
Risk of document loss or version control issues.

8. Complex Lien Waiver Collection

Requirement to collect lien waivers from multiple lower-tier subcontractors.
Cumbersome processes are not handled by standard ERPs or accounting software.