The construction industry is facing ever growing economic and industry pressures arising from a microscopic focus on Public Sector budgets and spending, which are under significant scrutiny. This means demonstrating cost savings and realising value are essential across the supply chain.
Coria Digital Cost Assurance provides a digitally automated and auditable financial management solution designed specifically to bring commercial assurance to infrastructure projects.
Aligned to NEC4, it produces clean, automated, auditable data which means that governance and verification can be completed with confidence, at a far greater depth, and at a vastly improved speed than is currently the case with manual systems. It prevents fraud by preventing data manipulation through mandated data standards, and improves estimating and forecasting for better project planning through consistency in cost data, automated alignment to payment requests, and invoicing.
And it ensures faster supplier payments, improving cash flow forecasting in an industry where cash volumes are high, but margins are single digits. As a result relationships between buyers and suppliers are vastly improved.
