Benefits of COINS Payroll for Australian Home Builder, RAM Constructions
Achieving a significant milestone in RAM Constructions’ phased roll out of COINS house building solution, the construction and development company this month successfully implemented COINS Payroll. Three key business benefits of the solution are:
1. Transparency of labour costs within contracts
COINS construction software allows companies to map labour costs directly against contracts, in real-time. This enables more accurate job costing and management of a project’s financial viability.
2. Elimination of manual processes
Rather than manually exporting payroll data from one system into another to analyse labour costs, COINS software automatically posts information from payroll into contracts, saving significant time and associated costs, as well as reducing the risk of manual error.
3. Seamless integration
COINS Payroll seamlessly integrates into COINS core software, meaning data is updated automatically across all aspects of the system – payroll, contracts, general ledger and accounts payable – in real-time. One single system provides one source of truth allowing management to make quick, accurate and informed decisions.
COINS construction software is an integral component of RAM Constructions’ strategic plan to support business growth, with the teams successfully working remotely to deliver this most recent implementation project due to the impacts of COVID-19.
We have successfully implemented COINS Payroll module with remote sessions due to COVID-19 restrictions and went live in July thanks to Prue MacDonald and her meticulous planning and documentation. COINS Payroll module is designed to ‘on-cost’ all indirect personnel cost to the projects through its on-costing processes at the transaction level, so each project captures more accurate manpower costs instead of just their wages.
Sai Abbaraju, RAM Constructions Chief Financial Officer
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