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FINANCIALS

What

Leverage the efficiency, control and risk management of Gate Three enables to make better decisions, faster. The Financial Bundle is the last piece of the puzzle for full Cradle to Grave project lifecycle management.

The monthly progress payment process is one of the most dreaded in the industry - with too many evenings and weekends wasted gathering all the disparate data and to consolidate it on time into something meaningful.

Configure billing for both Subcontractors and Owners and associate costs accounts to each line. Upon formatting your layout you’re all set to create, update and certify ( Subcontractors) for your monthly billing cycle. With a simple click of a button you now synchronize your billing with your budget - voila! As a fully integrated solution Gate Three links costing, budget, changes, time cards and billing so all dollar amounts are current and accurate.

The pinnacle of efficiency is achieved when you integrate Gate Three with your accounting system and eliminate double entry.

BILLING

Manage and track all project costs, as they are automatically allocated to your subcontractor contracts and to your owner/client progress payments

BUDGET

Track all budget transfers, changes, commitments, costs, and billings against your budget lines.

Cash Flow / Cost Forecasting

Manage Cash Flow and Forecast costing with configurable graphs and reports.

CHANGES

Create and issue project and sub-contractor Change Orders which automatically updates Budget, Costing and Billing

Contracts

Create and manage the project costing using a standard set of cost-codes.

Costing

Create and manage the project costing using a standard set of cost-codes.

PO / Invoices

Create and manage the project costing using a standard set of cost-codes.

Time Cards

Manage payroll, both salary and hourly, with designated workflow for any changes.

Why

The Financial Bundle brings together project and financial management systems into a seamless workflow. By integrating with an existing financial management system Gate Three (this is repeated), automates both billing and cash flow processes, therefore unleashing your entire organization’s productivity capabilities. Stretch the reach of your AP, AR, HR functions all the way into the field. As the whole organization leverages Gate Three there is a limitless gain in improved efficiency and enhanced control

I have been using Gate Three for six months now and the more I use and understand it the more I see the value in this unified project management system. Once I got the hang of the monthly billing it became so much simpler when compared with our old method. Plus, now that more people in our office are using Gate Three, it’s even more useful as all the roles are tied together. - Michael, PC

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Control

Construction documents such as Submissions, RFIs, Change Orders, Daily Site Reports, Photos and Milestones are logged, tracked, shared and stored for all stakeholders to use according to their role-based Access Control Level. Workflows are easily configured to ensure the project is run in a controlled manner.

Gate Three controls the project budget and costs by automating commitments, changes, and approval of pay applications, POs, time cards. and invoices.

With complete control of every document, dollar and process you take control of your project.

Reduce Risk

Construction projects are riddled with many potential risks - scope, budget, schedule, safety and quality. Gate Three reduces scope risk through its integrated change control workflow. With a clear view of project budget details and of all key milestones Gate Three reduces project budget and schedule risk. It enables you to reduce risks related to safety and quality by integrating your QA/QC programs with the rest of your project.

Better Decisions

Gate Three is an integrated management system that incorporates a communication platform, document management, electronic workflows, cost and budget controls, billing and cash flows, milestones, and management reporting.

With everyone on the same page, with the single version of the truth you have set the foundation for electronic collaboration. Having a single source for data/information storage provides visibility into the important details needed to make profitable business decisions.

Efficiency

Gate Three significantly boosts productivity across all departments/stakeholders since data doesn't need to be entered twice and is always available on demand regardless of where you or your teams are located.

Once you and your team have mastered Gate Three on your first project then you’ve initiated your first project database which you can leverage going forward.

With your first Gate Three project under your belt not only are you going to be more proficient on your next project but you have also begun building your project database which can be digitally analyzed and leveraged going forward.