Finance
Polaris Finance streamlines construction project financial management by automating workflows, ensuring compliance, and providing real-time visibility into costs, cash flow, and profitability. It bridges budgets, contracts, and payments to minimize risk, optimize liquidity, and enhance decision-making.
App Highlights
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Budget
Prime Contract
Change Order
Interim Payment Certificate (IPC)
Key features
Budget
Set up centralized project budgets with labor, materials, unit rates, and overhead allocation. Track committed vs. actual spend in real time with variance alerts. Access detailed drill-down reports by cost codes, phases, or vendors.
Prime Contract
Digitally store contract terms, scope, and payment milestones. Automate compliance checks for items like lien waivers and insurance. Link contracts to budgets and forecasts for accurate contract-to-actual comparisons.
Change Order
Manage streamlined creation and approval workflows with full audit trails. Assess budget, schedule, and cash flow impact instantly. Link relevant documents (RFIs, submittals) to reduce risk of disputes.
Key features
Forecast
Generate cost-to-complete projections based on real progress. Model risk scenarios such as delays or price changes. Sync with budget and contract data for accurate ETC and EAC calculations.
Interim Payment Certificate (IPC)
Issue progress billings based on percentage completion or milestone achievements. Track retention and conditional payments. Monitor submission statuses to stay in control.
Invoicing
Create invoices with customizable templates and client-specific rules. Auto-fill data from IPCs, timesheets, or subcontractor invoices. Send automated reminders and view aging reports.
Key features
Payment Application
Generate standard AIA G702/G703 forms or custom formats. Collect and validate lien waivers from subcontractors. Route approvals with digital signatures for faster processing.
Cash Flow
Get rolling 12-month cash flow projections tied to receivables, payables, and project timelines. Test funding gap scenarios or delays. Visual dashboards show burn rate, liquidity, and more.
A set of tools shared across all modules aimed at facilitating and structuring communication between stakeholders.
