Customer Stories

VIEWPOINT.com | +1 800.333.3197 With the subaccount functionality in ProContractor, items can be posted to specific sub categories, such as legal, IT, or accounting under Professional Services, for example. "When reviewing financial statements, we can either look at them rolled up or expanded. So, we can roll it up really tight where it only shows revenue, costs of goods sold, indirect costs, operating expenses, and net profit or I can run details to the account level or the subaccount level. By having those subaccounts and really focusing on costs, we have saved hundreds of thousands of dollars." An excellent cost-savings example is how the firm has saved money with their insurance expenses. Previously, Magleby had all of their insurance bulked into one main category. "When we broke that out into workers compensation, cost of construction, and general liability, we could see that it seemed really high. So we changed agents and saved almost $80,000 a year. ProContractor didn't save the money directly, but it certainly helped us to identify the problems. You can't find problems like this if everything is bulked into one account." The savings continued to add up! Simons recalled how a storage container located behind their building was being rented for $360 a month. When Simons saw that cost deep down in the system, he inquired about it, but no one knew what it was. They uncovered that it was a container rented to store a customer's furniture while he moved — two and a half years before Simons noted the cost and started asking. The customer had forgotten about it and the firm wasted all that money paying the rent! "If we had ProContractor sooner to see the account and subaccount details, we would have seen that cost show up in a month or two and saved us thousands of dollars," Simons explained. "If you can't see your costs and details, it's money leaking out of your business, unseen, every day." Simons shared numerous other examples including one when he was reviewing the firm's broadband bills and realized there were 10 lines at $50 a month not being used. "That's another $500 we were wasting every month because we were not able to see the details before," said Simons. "With ProContractor, we can drill down to get a ton of detail, which allows us to really know where things are going and make modifications as we need to. Time and time again, we have saved money by looking at these details. Most companies try to attack big expenses and forget about or neglect all the little things because their system just won't give them that level of detail." ProContractor™ by Viewpoint works well with our business processes and accommodates our new approach. – J. Bradley Simons, Chief Financial Officer, Magleby Construction

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