Building control platform Knowify introduced its integration with Intuit’s suite of monetary merchandise for rising companies, Intuit Endeavor Suite.
The combination will supply structure companies with a unmarried, unified platform they are able to use to regulate operations, budget and accounting throughout a couple of entities, Knowify mentioned in a Monday (Jan. 6) press free up.
Knowify has equipped construction-oriented integrations with different Intuit answers — together with QuickBooks On-line, QuickBooks Payroll and QuickBooks Bills — for years, Knowify CEO and co-founder Marc Visent mentioned within the free up.
“Now, with our newly introduced integration into Intuit Endeavor Suite, we’re empowering rising contractors — particularly the ones managing a couple of companies — to succeed in even higher flexibility and scalability as they increase,” Visent mentioned.
Knowify’s cloud-based structure control platform comprises gear for task costing, scheduling and workflow, in step with the discharge.
The combination with Intuit Endeavor Suite will upload extra granular reporting and synthetic intelligence-powered analytics designed to assist contractors and accountants set up their staff and assets, consolidate monetary knowledge and make extra knowledgeable choices, in line with the discharge.
Intuit introduced the release of Intuit Endeavor Suite in September, announcing the product suite is designed to serve greater, mid-market companies whose wishes change into extra complicated as they scale.
“As companies develop, so does the complexity of working their industry,” Intuit CEO Sasan Goodarzi mentioned on the time in a press free up. “Intuit Endeavor Suite fuels expansion via serving to consumers run their industry on one end-to-end industry platform.”
The structure sector has noticed a groundswell in making an investment in era and making improvements to the again administrative center, PYMNTS reported in December.
The PYMNTS Intelligence document “Virtual Rebuild: Remodeling Bills within the Building Business” discovered that 23% % of structure corporations with automatic accounts receivable (AR) processes mentioned they skilled no AR demanding situations in 2023, whilst three-quarters of executives at mid-sized structure corporations mentioned that accounts payable (AP) automation improves money glide.
In November, structure business instrument company Constrafor raised $264 million in a Sequence A investment spherical to increase its era platform designed to make stronger the relationships between subcontractors and common contractors. The platform gives procurement gear, simplified invoicing and a strategy to attach common contractors to a large roster of subcontractors.
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