4castplus Blog

4castplus Blog

08 8, 2019

Top 6 Methods to Reduce Approvals Bottlenecks

Approvals are deeply woven into the fabric of any financial software solution, and 4castplus is no exception.  The challenge with designing complex, multi-stage approvals workflows however – for key items such as purchase orders, change orders, timesheets, invoices, etc. – is that they can quickly bog things down, and introduce delays as approvals get stuck waiting for individuals to get around to dealing with them. Approvals can drone on and on and keep critical-path items stuck on hold for days or weeks, wasting time and money, if not attended to properly. This is what we refer to as “Approvals Bottlenecks” and they can be a massive drain on the efficient management of project finances. 

And bottlenecks can be very bad for business.

 

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25 25, 2014

Managing procurement for construction projects

Managing the complexity of procurement for large construction projects requires an exceptionally robust technology solution.

Most commercial procurement software solutions are designed to handle general purchasing for a broad range of businesses and industry applications.  Procurement for construction projects has more complex needs such as:

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