Regardless of scale, running a successful construction company brings a unique subset of challenges. Additionally, solutions to each obstacle must not only solve the problem—but also create harmony throughout the ecosystem of operations.
And that’s barely scratching the surface.
With so much to manage, software is crucial in alleviating resource strain, ensuring accuracy, and optimizing productivity.
Foundation Software is a robust construction accounting solution that helps businesses manage various accounting and payroll processes. While built with a suite of impressive features, there is a way to further enhance your payroll, time tracking, and document management.
Learn how integrating hh2’s cloud construction platform with Foundation Software simplifies seamless data flow, reduces manual errors, and increases efficiency.
Foundation Software is a comprehensive and powerful construction accounting software that has been around for over four decades. It helps construction companies enhance their back-office operations. It offers solutions for job costing, time tracking, payroll, and beyond while providing highly customizable reporting features.
While Foundation is a longstanding industry pillar, there are some risks associated with relying only on one software solution in your construction business.
For example, Some Foundation Software users struggled with importing information because of a steep learning curve, which can create bottlenecks in their system.
For example, some Foundation Software users state that the mobile application lacks comprehensive reporting.
For example, jobs can evolve throughout the project's life cycle, and some Foundation Software users reported that they couldn’t print CPR based on the site, or track labor via change orders.
While these challenges can be frustrating, the right integration strategy not only solves the problem–but improves operations beyond accounting–in ways you may not even consider at the start.
With features like GPS-enabled time tracking, user-friendly punch clock functionality, and intuitive multi-level approval workflows, it’s no wonder hh2 Time Tracking can increase payroll speed and accuracy by 70%.
It’s an ideal complement to Foundation because employee punches are captured in Remote Payroll, and automatically integrates directly with your current Foundation Software. This seamless connectivity helps increase payroll accuracy and reduce the need for manual data entry.
Did you know that businesses using manual time entry waste $50 billion each year because of erroneous or untracked labor?
But the benefits of hh2 Payroll and Time Tracking integration don’t stop there for Construction teams—here are a few more:
One of the most tedious and frustrating aspects of payroll is organizing documentation. Be it paperwork or digital: ensuring compliance, managing tax season, and having a complete financial picture of your business—all hinges on effective document management.
hh2 Document Flow helps manage accounts payable (AP) documents and automates approval processes, taming the chaos of tracking business-related expenses.
Integrating Document Flow with Foundation optimizes capturing, coding, routing invoices, and finalizing AP documents. Document Flow also offers real-time data syncing to improve accurate job costing and financial reporting—but that’s not all.
More optimal workflows: Integrating Document Flow helps reduce manual data entry and paperwork, fostering better collaboration and streamlining AP approvals.
In the construction industry, walking the line of innovation and stability is key to staying competitive (regardless of market fluctuations). You need adaptability and a solid foundation of reliable systems. hh2 cloud construction and Foundation Software are perfect examples of such balance, as they allow companies to scale at their pace and create solid, customized processes that are unique to their needs.
Integrating hh2 tools into Foundation Software systems provides adaptability by enhancing real-time job costing, giving financial teams up-to-date cost insights that enable better project planning and budget management.
Construction businesses can maintain a stronger foothold when data from hh2 Remote Payroll and Document Flow provides a clear and accurate picture of project expenses.
Having 24/7 access to such comprehensive information helps project managers stay within budget and identify cost-saving opportunities that increase stability regardless of supply chains and market fluctuations.
Book your demo to see how hh2's direct integrations with Foundation Software can transform your construction accounting and project management workflows.