Sage Group: The Future of Construction Technology

    Steve Hare

    CEO

    "Sage’s construction software offers comprehensive management applications for small and midsize firms, including six core construction and real-estate products."

    Digital software has revolutionized the construction industry. Construction management software is increasing sales while decreasing costs, supporting efficiency in the field, and keeping teams better connected. Because of this booming technology, there is a myriad of different systems to choose from. In an industry with a million other moving pieces at any given moment—and individual teams relying on their processes—construction management depends on adaptability as much as capability. As the construction industry adapts, construction managers are also adopting a suite of software tools to better understand and deliver on various projects. As part of that adaptation, many construction companies are leveraging construction management software to better optimize their internal processes, boost efficiency and productivity, and better align their teams—especially when there are several teams in various locations.

    Sage’s construction software offers comprehensive management applications for small and midsize firms, including six core construction and real-estate products. An independent, complete construction accounting and project management system, Sage 100 Contractor was formerly known as Sage Master Builder. Payments, accounting, payroll, invoicing, transmittals, requests for information (RFIs), and budgets are all tracked by contractors using this system. Users may set up notifications for situations like low bank account balances, certificate expirations, and other relevant occurrences. Sage 100 also comes with more than 1,000 built-in reports to monitor project expenditures and company performance. Users can alter reports to delve more deeply into the data. It is ideal for small and medium construction firms that are switching from a general accounting program to residential and commercial buildings. And manages all phases of construction and service management in one simple, out-of-the-box solution. “The most widely used cost estimating solution in the construction industry. Works for any size construction company that does cost estimating. Create more accurate cost estimates in less time, while increasing your bid-to-win ratio with integrated BIM, project history and benchmarking, and electronic takeoff capabilities.”

    With easy access to critical business and project information, Sage 100 Contractor helps small to mid-sized contractors manage business operations more effectively. The Sage 100 contractor is suitable for electrical, mechanical, heavy construction service, and specialty contractors as well as home builders. Originally known as Sage Timberline, Sage 300 Construction and Real Estate (CRE) is a stand-alone construction project accounting and management system. Every stage of the project is supported, including payroll, billing, inventories, accounts payable and receivable, service management, and work costing. Sage 300 CRE is simply Sage 100 Contractor with more features. With capabilities including timesheet data import, contract management, and document routing, it enables more complicated accounting, payroll, and document control requirements and processes. Dustin Stephens, Sage Vice President for Construction and Real Estate, commented: “Sage provides technology solutions that knock down barriers to help businesses succeed and make the lives of our customers easier. This new integration aids construction businesses in delivering excellent customer service, improving client retention, and winning new business’’.

    Sage Construction and Real Estate business partners provide local, onsite and online implementation, training and consulting services through their team of experienced certified consultants. Sage business partners assign the best qualified resources to assist with the consulting needs. Moreover, Sage Expert Services Group works in collaboration with business partners to provide a variety of software solutions. The company’s support and development experts design custom-tailored solutions for each of our customers’ unique requirements.

    Steve Hare is the CEO of Sage, formerly an Operating Partner and Co-Head of the Portfolio Support Group at the private equity company Apax Partners, which he joined in 2009, Steve joined Sage in January 2014. Earlier, he had over ten years of experience managing the finance function for three publicly traded UK firms, culminating in his position as CFO of the global technology corporation Invensys plc from 2006 to 2009.

    Advancements in new construction technology have always driven construction forward, so it’s odd that so many companies are slow to adopt new construction technologies. We’re able to build stronger, taller, and more energy efficient structures. Technology has made construction sites safer and workers more efficient. It has allowed us to increase productivity, improve collaboration, and tackle more complex projects. And, while construction firms continue to underinvest in technology, venture capitalists are betting big on the future of construction tech.