Liquidity turbo for your construction projects

The digital bridge between construction site and office

How digital processes accelerate cash flow in construction companies:

In many construction projects, it is not only the quality of construction that determines success – but also the cash flow. Delayed documentation, incomplete proof of performance or late invoicing often lead to payments being received later than planned. In the construction industry in particular, where projects often run over long periods of time and high advance payments have to be made, this can quickly lead to considerable liquidity pressure. A decisive lever therefore lies in the speed and quality of the project processes. This is precisely where the KENEXOS® approach in combination with COSMO CONSULT comes in.

Faster processes mean faster cash flow!

Construction sites generate a lot of billing-relevant information every day:

• Documented construction work
• Director’s reports
• Proof of performance
• Progress reports
• Supplements and additional services
• Defect reports and acceptances

If this information is recorded late or incompletely, invoicing – and therefore receipt of payment – is often delayed. With KENEXOS®, this information is digitally recorded directly on the construction site and documented in a structured manner. This means that it is immediately available for further processing within the company.

From the construction site directly to billing

The special strength comes from the cooperation with COSMO CONSULT. While KENEXOS® records the operational information from the construction site, COSMO CONSULT takes care of the integration into ERP systems and commercial processes. In concrete terms, this means:

• Services are documented directly on the construction site
• Director’s reports are immediately available digitally
• Project progress becomes transparent and traceable
• Billing-relevant data is transferred directly to the ERP system

This considerably shortens the path from the service on the construction site to invoicing.

More transparency for project management and controlling

In addition to speeding up billing processes, the platform also improves transparency regarding the economic status of a project. Project managers gain quicker insight into:

• Current performance levels
• Open supplements
• Documented additional services
• Project progress and cost developments

This allows decisions to be made earlier and risks to be identified more quickly.

Conclusion

Liquidity is one of the key success factors for construction companies. The faster services can be documented, checked and invoiced, the more stable a project’s cash flow becomes. The combination of KENEXOS® as a construction site platform and ERP integration from COSMO CONSULT creates a digital infrastructure that not only makes construction processes more efficient – but also noticeably accelerates the cash flow in construction projects. Digital construction site processes are thus becoming a real liquidity booster for construction companies.

Frequently asked questions about liquidity in construction projects

Why does liquidity play such an important role in construction projects?

Construction companies often have to make large advance payments – for materials, personnel or subcontractors, for example. If services are documented or invoiced late, the receipt of payment is also delayed. This can quickly lead to liquidity pressure.

How does KENEXOS® improve cash flow in construction projects?

KENEXOS® makes it possible to digitally record services, progress and management reports directly on the construction site. This information is immediately available in a structured form and can be incorporated into further project processes without delay.

What role does integration with COSMO CONSULT play in billing?

Thanks to integration into ERP and company systems via COSMO CONSULT, billing-relevant information from the construction site is transferred directly to the commercial processes. This considerably shortens the path from service recording to invoicing.

Why do digital construction site processes create a “liquidity turbo”?

If services are documented immediately and integrated into company systems, invoices can be created earlier and payments triggered more quickly. The combination of KENEXOS® as a construction site platform and the ERP integration from COSMO CONSULT ensures that information flows between the construction site, project management and invoicing without any loss of time – and this is precisely what accelerates the cash flow in the construction project.