In today's Construction Financial environment, we are seeing more and more data pass in binary (Machine-readable) form. Electronic timesheets, electronic banking, digitized procurements, electronic signatures are a few examples. WIP reports are filed one to twelve times a year and most of this is occurring using paper, Excel or PDF. Input on your WIP processes can help move us from this analog process to a true binary world for construction financials.
"The Small Business Administration (SBA) has modernized contractor financial reporting. CFMA wants your input on digitizing financial reporting with machine-readable WIP reports. How are you reporting WIP data today? How could that change in the future? Let us know by taking a few minutes to answer this survey."
Please take a few minutes to take the: Modern Methods of Contractor Financial Reporting Survey listed in this months CFMA Bottom Lines.
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Dennis Stejskal
Director - Construction Strategy
Sage
Beaverton OR
(503) 475-3310
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