News Summary
Cleveland-based Lawler Construction has experienced remarkable revenue growth, jumping from $2 million to $15 million since implementing FOUNDATION accounting software in 2006. The specialized software has enhanced operational efficiency, reduced data entry time, and integrated payroll solutions, allowing the company to focus on productive tasks. With nearly two decades of partnership, Lawler Construction’s commitment to evolutionary software underscores the importance of tailored accounting solutions in the construction industry.
Lawler Construction Experiences Remarkable Growth After Adopting Specialized Accounting Software
Lawler Construction, a Cleveland-based commercial remodeling company with a focus on groceries, schools, and churches, has seen its annual revenue jump from $2 million to an impressive $15 million since implementing FOUNDATION accounting software in 2006. This significant growth highlights the impact that tailored accounting solutions can have on construction businesses.
Proven Success with FOUNDATION
The success story of Lawler Construction began when founder Jim Lawler realized the need for a construction-specific accounting solution. Drawing from his previous experiences, he identified that many general accounting programs were not adequately addressing the unique challenges of the construction industry. From day one of using FOUNDATION, Lawler Construction received immediate returns on investment, validating the decision to switch to this specialized software.
One of the most significant improvements has been a near 50% reduction in the time spent on data entry. This streamlined approach has enabled the company to allocate resources more efficiently and focus on delivering quality projects.
Features Driving Efficiency
The enhancements brought by FOUNDATION include several key features that have transformed operational processes for Lawler Construction. The job cost activity reports have allowed the company to monitor project expenditures closely and make informed financial decisions. Additionally, the incorporation of AIA billing templates has been crucial in stabilizing budgets and simplifying the invoicing process for various projects.
Furthermore, tools for purchase order linking and change order management have improved the workflow within the company, making it easier to track changes in project scopes and manage costs accurately. These features ensure that all financial aspects of projects are meticulously documented and updated as changes occur, minimizing potential disputes and misunderstandings.
The impact on month-end reconciliation has also been dramatic. What used to take an entire working day has now been reduced to just a few hours, enabling the finance team to focus on higher-priority tasks rather than being bogged down in paperwork.
Payroll Simplification
Along with its core functionalities, Lawler Construction opted to integrate FOUNDATION’s Payroll4Construction service, further alleviating the burdens associated with payroll management. This integration not only simplifies payroll processes but also allows for more accurate reporting and compliance with industry regulations, ensuring that employees are compensated timely and correctly.
Commitment to Long-Term Partnership
Tom Lawler, the Vice President of Lawler Construction, has noted that consistent growth has followed since the partnership with FOUNDATION began, emphasizing the software’s capacity to support operational efficiency. The Lawler family has remained dedicated to FOUNDATION for nearly two decades, appreciating how the software continues to evolve and grow alongside their business needs. This long-standing relationship speaks volumes about the reliability and effectiveness of FOUNDATION in the construction accounting landscape.
About Foundation Software
Foundation Software, LLC specializes in various services specifically designed for contractors, including job cost accounting, estimating, project management, and payroll services. These offerings cater to the unique demands of the construction industry, making them a vital partner for businesses looking to optimize their financial operations.
As the construction industry continues to adapt to changing economic conditions, the success of Lawler Construction serves as a testament to the power of specialized accounting solutions. By leveraging technology tailored to their needs, companies can achieve significant growth and operational improvements that set them apart in a competitive market.
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Author: Construction CA News
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