Question: Do you know of a tool that helps construction companies optimize resources, improve cash flow, and increase profitability?

For optimizing resources, improving cash flow and boosting profitability in the construction industry, here are some top tools. Deltek has a broad suite of software products geared for the construction industry. Its products, including Costpoint, Deltek Vantagepoint and Ajera, span the full range of project management and automate processes to boost productivity and revenue. Deltek's AI-infused intelligent business companion, Dela, automates data-driven decisions and mundane work so construction companies can focus on more important work.

Another good choice is IFS, which offers a composable enterprise software foundation that works across many industries, including construction. IFS customizes processes and dashboards to meet the needs of the construction industry. Its AI-infused abilities, like IFS.ai, can optimize the efficiency of people, assets and workflows and help with data-driven decision making.

For cash flow management, Tesorio is a top tool. It uses AI to automate financial work and to optimize cash flow performance. Tesorio features include automated invoice creation, supplier portal management, AI-powered collector tools and cash flow performance analytics. The tools can cut days sales outstanding (DSO) and dramatically boost collections team productivity.

Also worth a look is Sage, a broad business management software package that combines AI and machine learning with construction industry modules. Sage automates repetitive work, offers real-time visibility into business performance and offers actionable insights to help finance leaders make better decisions, ultimately boosting productivity and return on investment.