The integration will provide construction businesses with a single, unified platform they can use to manage operations, finances and accounting across multiple entities, Knowify said in a Monday (Jan. 6) press release.
Knowify has provided construction-oriented integrations with other Intuit solutions — including QuickBooks Online, QuickBooks Payroll and QuickBooks Payments — for years, Knowify CEO and co-founder Marc Visent said in the release.
“Now, with our newly announced integration into Intuit Enterprise Suite, we’re empowering growing contractors — especially those managing multiple businesses — to achieve even greater flexibility and scalability as they expand,” Visent said.
Knowify’s cloud-based construction management platform includes tools for job costing, scheduling and workflow, according to the release.
The integration with Intuit Enterprise Suite will add more granular reporting and artificial intelligence-powered analytics designed to help contractors and accountants manage their workforce and resources, consolidate financial information and make more informed decisions, per the release.
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Intuit announced the launch of Intuit Enterprise Suite in September, saying the product suite is designed to serve larger, mid-market businesses whose needs become more complex as they scale.
“As businesses grow, so does the complexity of running their business,” Intuit CEO Sasan Goodarzi said at the time in a press release. “Intuit Enterprise Suite fuels growth by helping customers run their business on one end-to-end business platform.”
The construction sector has seen a groundswell in investing in technology and improving the back office, PYMNTS reported in December.
The PYMNTS Intelligence report “Digital Rebuild: Transforming Payments in the Construction Industry” found that 23% percent of construction firms with automated accounts receivable (AR) processes said they experienced no AR challenges in 2023, while three-quarters of executives at mid-sized construction firms said that accounts payable (AP) automation improves cash flow.
In November, construction industry software firm Constrafor raised $264 million in a Series A funding round to expand its technology platform designed to improve the relationships between subcontractors and general contractors. The platform offers procurement tools, simplified invoicing and a way to connect general contractors to a wide roster of subcontractors.
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