COINS Supports Strategic Business Management at iQ Construct

iQ Construct is a commercial construction head contractor providing construction management services across a variety of sectors, with the ability to manage works within any of the standard procurement frameworks. This includes early contractor involvement, construction management, managing contractor, hard dollar and design, and construct. COINS has been on board as a software solutions provider since the company’s inception, providing an end-to-end operational and financial system that has been integral in facilitating key business decisions at all levels.

Challenge

At the onset of creating iQ Construct, Managing Director Ian Morrison was looking for a system that offered a complete operational business software solution, not just an accounting and finance system. Fundamental to the organisation was implementing a fully integrated system that didn’t rely on outside spreadsheets, enabled powerful business reporting tools and facilitated decision-making at all levels.

Solution

From budgeting, forecasting, to extended CRM functionality, COINS enables iQ Construct to have all its business intelligence in one place. A defining factor for the company has been the software’s cost value reconciliation (CVR) module where at end of month all project financial performance is easily and effectively transparent to management.

COINS allows full input of all the variables of the construction process in a live scenario.

Ian Morrison, Managing Director, iQ Construct.

Project Details

In this video, iQ Construct Managing Director Ian Morrison discusses how COINS was the standout choice when selecting construction project management software, particularly for the opportunity it provided to undertake complete business reporting. Further, Strategic Business Manager Jill May highlights the strength of the system’s integration of business intelligence.

I've had to make some decisions about upscaling and a decision once about downscaling, dependent on market factors, and because the system was so robust and the business planning and forecasting function was there, it allowed me, very quickly, to assess those variables and effectively scenario plan so that I could make an informed decision.

I would recommend any construction company to seriously consider COINS technology. The construction-specific software is scalable for any business and it provides a certainty of your accounting in a manner which is easy to understand.

Ian Morrison, Managing Director, iQ Construct.

Key Benefits

COINS construction solutions continue to empower management at iQ Construct to make informed business decisions by integrating essential data. The company is able to effectively assess market dynamics, risk and opportunity, project financial status and much more, to ensure it makes viable choices about current and future works.

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