With the SOFE Capital Assets module, you can closely plan and monitor the budgets and costs of all of your capital projects, based on the contractual provisions you have established. The module’s functionalities allow you to easily handle change orders, forecasts to complete and the advancement of work in your financial transactions. All of this information will automatically be available in the general ledger and in SOFE Finances’ budgetary control and capital asset management tools.
SOFE Capital Assets is ideal to manage your construction projects; it enables you to easily execute all the necessary operations, including:
• termination and discharge tracking;
• construction holdbacks and release tracking;
• monitoring the advancement of work, forecasts to finish and contract amendments;
• applying the criteria to define amounts to be approved and authorized signatories.
Closely monitor the progress of construction work and quickly isolate cost overruns. SOFE Capital Assets facilitates exchanges of information between project managers and the finance department, which optimizes the control of each project’s costs.
The simple, user-friendly SOFE Capital Assets module was designed with project managers in mind: documents are entered based on the specific activities for each construction project, rather than the chart of accounts.
Be more productive and efficient in your tracking and forget your Excel spreadsheets: use a single tool to handle all of your construction project’s documents and thus eliminate duplicate data entry and decrease the risk of errors. For example, tracking terminations and discharges will enable you to keep all your data up to date in your SOFE Finances software and automatically recover data on your contracts and payments.
Opt for centralized data management or customize secure access criteria to determine who can consult or enter data and perform certain tasks in decentralized mode.
Instantly obtain the most up-to-date results with SOFE Capital Assets’s real-time processing mode. As soon as it is entered, your data is processed in all modules and reports since SOFE Capital Assets is fully integrated into SOFE Finances.
SOFE | Berger-Levrault is a suite of ERP solutions developed in North America by our subject matter experts. Our integrated and modular solutions have been meeting the complex optimization needs of medium to large organizations for more than 10 years. The product suite includes fully integrated human resources, payroll, finance, investment, debt and municipal taxation management software.
Berger-Levrault’s professional services team is there to support you: from helping to define your needs, to configuring the software, to ensuring it is fully adopted by users. Our subject matter experts are ready to help you drive efficiency, and give you better control and greater visibility over your operations.