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2015 inspire tour: How to protect yourself against noncompliant vendors and subcontractors

  1. 1. Minimizing subcontractor compliance risk Sage 100 Contractor Sage 300 Construction and Real Estate
  2. 2. $1,500,000 fine #InspireTour
  3. 3. #InspireTour $1.5m $37.5m What’s your story?
  4. 4. Profit Risk Loss #InspireTour
  5. 5. Are you wearing your seatbelt for subcontractor and vendor compliance? #InspireTour
  6. 6. How are you managing compliance? • Time-consuming, manual processes • Disconnected spreadsheets for tracking and reference • Limited dialog between accounting and operations • Delayed communication with subcontractors and vendors How effective is your “seatbelt” in protecting your company? #InspireTour
  7. 7. Minimize your vendor liability #InspireTour Objective Identify Track Manage
  8. 8. #InspireTour The risk is real
  9. 9. #InspireTour The risk is broad $80,000 lien loss = $2,000,000 additional revenue (at 4% margin)
  10. 10. The risk is broad: Liability #InspireTour
  11. 11. The risk is broad: Forfeiture #InspireTour
  12. 12. #InspireTour Are you at risk?
  13. 13. Compliance in today’s market Fifty State Construction Lien and Bond Law Third Edition #InspireTour
  14. 14. Effective compliance management #InspireTour Centralizes tracking Automates vendor requests Alerts staff to issues A “fail-safe”
  15. 15. Sage 100 Contractor #InspireTour
  16. 16. Pre-lien notices Lien waivers Insurance Certificates #InspireTour Sage 100 Contractor Compliance capabilities Final and miscellaneous documents
  17. 17. #InspireTour Sage 100 Contractor Pre-lien notices
  18. 18. #InspireTour Sage 100 Contractor Job lien waivers
  19. 19. #InspireTour Sage 100 Contractor Lien waivers
  20. 20. Sage 100 Contractor Expired certificates/insurance #InspireTour
  21. 21. Sage 100 Contractor Expired certificates/insurance #InspireTour
  22. 22. #InspireTour Sage 100 Contractor Final documents
  23. 23. #InspireTour Sage 100 Contractor Miscellaneous documents
  24. 24. Sage 300 Construction and Real Estate #InspireTour
  25. 25. #InspireTour Sage 300 Construction Subcontractor compliance Lien waivers Insurance Miscellaneous Certified reports Final documents Vendor A Job B
  26. 26. Manage subcontractor compliance with less risk and hassle • Keep uninsured workers off your job site • Ensure lien waivers have been received • Produce certified payroll reports with confidence • Centrally track and manage all compliance requirements in one system • Leverage automation and integration to shorten work and raise visibility #InspireTour
  27. 27. Sage 300 Construction Subcontractor Compliance Hub #InspireTour
  28. 28. #InspireTour Sage 300 Construction Accounts Payable Settings
  29. 29. #InspireTour Sage 300 Construction Pre-Liens
  30. 30. #InspireTour Sage 300 Construction Lien Waivers
  31. 31. #InspireTour Sage 300 Construction Certified Reports
  32. 32. #InspireTour Sage 300 Construction Insurance Certificates
  33. 33. #InspireTour Sage 300 Construction Miscellaneous Compliance
  34. 34. #InspireTour Sage 300 Construction Final Compliance
  35. 35. #InspireTour Sage 300 Construction Secondary Vendors
  36. 36. #InspireTour Sage 300 Construction Warnings/ Blocks
  37. 37. #InspireTour Sage 300 Construction MyAssistant
  38. 38. #InspireTour Sage 300 Construction MyCommunicator
  39. 39. #InspireTour Sage 100 Contractor • Accounting • Estimating • Document management • Project management • Equipment management • Service management • Inventory management • Mobility: Sage Construction Anywhere
  40. 40. Sage 300 Construction and Real Estate • Accounting • Estimating • MyAssistant • Document management • Project management • Service management • Property management • Mobility: Sage Construction Anywhere #InspireTour
  41. 41. From 2000-2014, Sage (and Timberline) were named technology enabler by our customers 48 times. #InspireTour Trusted over 40 years 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
  42. 42. #InspireTour Free resources For risk management educational resources, visit: Sage-Job-Ready.com For our award-winning interactive ebook, search “Sage risk management” in the iPad app store.
  43. 43. Questions? #InspireTour Call us at 800-628-6583 or contact your Sage business partner.
  44. 44. Thank you!

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2015 inspire tour: How to protect yourself against noncompliant vendors and subcontractors

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