CIS- Construction Industry Software
Pegasus CIS is contract costing software built with the construction, site project and installation industries in mind. It is a fully integrated piece of software that manages your costs, helps to narrow in on budgets, manage phases of work and safeguards project profitability.
With the construction industry once again enjoying a period of massive growth in and around the UK, controlling project costs and protecting margins has never been so important.
Positioning itself as a target for the mid range contractors and subcontractor market, the Pegasus CIS software handles retention, deferred VAT, CIS monthly submissions to HMRC, Plant Hire, Inventory, Bills of Work, Contract phasing, budgets, timesheets, payments and direct Invoicing.
“Pegasus CIS enable us to run our business better, freeing up time and making information more readily available so that we can make better decisions and focus resources on growing the business”
Jerry Anderson, Director, Agripower Contractors
When you consider that the average construction project suffers 150% cost overruns and completes more than 175% late, there’s clearly a great need for software that can help you to deliver projects on time and within budget – and transform your profitability.
Controlling the costs of a project can be a daunting task. Not only does a company need to track the costs of purchases, there may be subcontractors who need to be paid under HMRC’s Construction Industry Scheme regulations, as well as raising and chasing Payment Applications to clients. Has a Payment Application been certified? How much is the Main Contractor Discount? When is the Retention due for payment? How much profit did you make on that job? These are the typical questions asked, but getting the answers quickly can be a problem when running a construction project.
Pegasus CIS has been specifically designed to give instant access to live information at your fingertips, allowing you to efficiently manage your contracts through every stage. Knowing what is owed, when it is due and who needs to be paid and when are critical issues in the process. Pegasus CIS addresses these and many others, as part of helping you manage your contracts effectively.
With scalable versions starting from the competitively priced Microsoft Access product through to the larger SQL versions, Pegasus CIS has a model to suit all sizes of business.
Once the costs are collected and the projects are moving into work in progress, you need to make sure the finance teams and/or accountants can get what they need - Pegasus CIS can connect seamlessly with Opera 3, Opera 3 Payroll, Sage Line 50, Sage Line 200 and Sage Payroll. This means that you do not necessarily have to upgrade your accounts package in order to enjoy the benefits.
Why not have a look at the 30 minute online webinar on our dedicated CIS page here to see how powerful this tool really is.