Cost Value Reconciliation Software
Optimise and manage your CVR process
A Cost Value Reconciliation (CVR) report is a crucial financial tool in construction, providing a clear picture of project performance. It compares costs such as labour, materials and subcontractors, against the value of the work completed, helping to track progress, assess profitability and spot potential overspend.
CVR reporting can be time-consuming, as it relies on pulling together multiple documents and data sources. Our CVR software module simplifies this process by centralising data, automating comparisons and delivering accurate reports. This gives your organisation full control over project finances, enabling timely decisions that keep projects on budget and within expected profit margins.
Optimise and manage your CVR process
A Cost Value Reconciliation (CVR) report is a crucial financial tool in construction, providing a clear picture of project performance. It compares costs such as labour, materials and subcontractors, against the value of the work completed, helping to track progress, assess profitability and spot potential overspend.
CVR reporting can be time-consuming, as it relies on pulling together multiple documents and data sources. Our CVR software module simplifies this process by centralising data, automating comparisons and delivering accurate reports. This gives your organisation full control over project finances, enabling timely decisions that keep projects on budget and within expected profit margins.
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CVR Software Features
Our CVR module is designed to give you control over the process. You’ll enjoy a centralised data location for your files, meaning greater transparency and access to information when you need it. This significantly speeds up the process for firms, reducing the number of days and hours spent on the task.
Here's what else you can expect from this module:
User-defined configurable dashboard
Full integration with all RedSky systems and modules
Extension on Business Analytics module
Your business’s needs catered for via consultancy
CVR Software for Construction Management
Setting up a centralised CVR process can be lengthy without the right tools in place to support you. With RedSky’s Cost Value Reconciliation module, you’ll be able to streamline the process whilst running enquiries and reports that are easily adjustable.
Here's what you’ll receive from our CVR module:
- Centralised data storage, eliminating reliance on disparate spreadsheets and documents
- Customisable dashboard that works to your business requirements
- Seamless integration with existing processes and systems
- CVR reports generated for specific valuation dates or periods
- Accruals, adjustments and variations can be adjusted to account for additional expenditures
- Safe and secure storage of data
- Easily visible project information across the organisation
- Comprehensive report on key areas, such as complete cost and job profit
- Enable decision-making and improve project performance
- An up-to-date and flexible CVR software
- Sharing of information with relevant parties
- Comments and justifications on figure changes
- Ready in four to six consultancy days
Custom CVR Software Tailored to Your Business
We understand that each construction company has its own approach to CVR reporting. As a result, RedSky’s CVR module is highly customisable. It’s simple to use one of the example CVR templates to assist your organisation in adopting a centralised process, and, as your team becomes accustomed to the process, it’s easy to adjust the functionality to match your changing needs.
Enhance Accountability and Improve Productivity with RedSky’s ERP Software
Our software solutions are designed to support Commercial, Financial, Operational and site teams with managing the day-to-day of construction projects. Where possible, we’ll ensure our software goes above and beyond to optimise your processes and drive profit.
Business Analytics
Enjoy a fully customisable Launchpad that can be configured depending on your role. You’ll see an overall view of project status and performance data, as well as so much more.
Financials
Handle documentation and simplify your reporting with RedSky’s Financial module. You’ll benefit from a holistic overview of budgets and project expenditures whilst also keeping a detailed audit trail along the way.
Invoice Register
RedSky’s Invoice Register offers an integrated solution to tracking invoice statuses and flagging next steps. It can also manage quality issues and forward directly to relevant colleagues.
Estimating & Surveying
Utilising RedSky’s Estimating and Surveying module can help your firm create accurate estimates in time for tender processes. Estimators can build up bids, configure screens and compare resources, too.
Making Tax Digital
Your business needs Making Tax Digital software to be compliant with recent legislation. We’re HMRC recognised, meaning you can file your returns on software that’s MTD compatible.
StreamBIM
Our StreamBIM module is designed to offer collaboration across all stages of a construction project. Livestream complex 3D BIM models and access custom reports.
CASE STUDY
CVR – the catalyst for Sapphire’s business transformation
CASE STUDY
Stepnell Boosts Efficiency with RedSky Construction Software Integration
Customer Testimonials
When you partner with RedSky, you’ll receive an excellent customer experience that is second to none. See what our customers have to say about it.
Judith Ruthven, Company Secretary
Buxted Construction Ltd
"The addition of RedSky Invoice Register has been excellent. Automation has saved time and reduced errors in inputting."
Gary Jones
Walters Group
"From a QS perspective, the new system has been a game-changer because they now have full visibility of – and responsibility for – costs on a daily basis."
Kevin Hardy, Finance Director
Baxall Construction Ltd
"Having used [a generic accounting system] previously, a big advantage is RedSky integration – Payroll, subcontractors and CIS work seamlessly."
Christine Hatherly, Accounts Manager
Baxall Construction Ltd
"We use RedSky’s Purchase Ledger, Subcontracts and CIS. Everything’s automated, so all my CIS statements go out every month, and my CIS return to HMRC is simple."
Ian Saville, Financial Director
John F Hunt
"Business Analytics was a game-changer for us."
Matthew Williams
Barnwood Group Limited
"Setting up and rolling out encrypted email payslips and P60s on RedSky was very straightforward. We now email encrypted payslips to 70% of the workforce. It’s saving the Group thousands of pounds a year in printing, postage and staff time."
Mike Lomas
Managing Director at Big Red Industries Group
"A great investment to the future of Big Red Industries Group! This is going to enable us to operate more efficiently and reduce the variation in construction! A positive move for the future!"
David Strickland
Walls Construction
"The new system has got rid of the frustrations and bottlenecks associated with paper in a process that involves multiple approvals. It has streamlined the whole process. It’s certainly saving us a lot of time and hassle and is 100 times better than the way we used to do things."
Gary Jones
Walters Group
"From a QS perspective, the new system has been a game-changer because they now have full visibility of – and responsibility for – costs on a daily basis"
Stephen McNulty, Operational Director
Walls Construction
"We use workflows and approvals in the company’s core RedSky ERP system. They have revolutionised how we do business by creating clear paths for information, authorisations, and approvals."
Award-winning
RedSky is recognised as a Built in Digital Top 30 ConTech Partner. It also holds numerous awards for its ERP and Accounting Software.
50
50 years in business
For five decades, we’ve been supporting construction companies across the globe with our award-winning software.
Construction specific
Our software completely changes the game for our clients because we address specific industry challenges and make processes simpler.
Ready to Take Control of Your CVR Process?
If you’re ready to revolutionise how your construction firm approaches Cost Value Reconciliation, we’ve got the right solution for you.
Don’t delay - streamline your construction operations today.
With nearly 50 years’ experience as construction management software providers, RedSky will help find the right software solution for you. Get in touch today.
