News Summary
Cleveland-based Lawler Construction has experienced remarkable revenue growth, jumping from $2 million to $15 million since implementing FOUNDATION accounting software in 2006. The specialized software has enhanced operational efficiency, reduced data entry time, and integrated payroll solutions, allowing the company to focus on productive tasks. With nearly two decades of partnership, Lawler Construction’s commitment to evolutionary software underscores the importance of tailored accounting solutions in the construction industry.
Lawler Construction Reports $15 Million Annual Revenue Growth with FOUNDATION Accounting Software
Lawler Construction, a commercial remodeling company based in Cleveland, has achieved remarkable growth in annual revenue, soaring from $2 million to $15 million since implementing FOUNDATION accounting software in 2006. This leap underscores the transformative impact of specialized accounting solutions in the construction industry.
Founded by Jim Lawler, the company focuses on remodeling projects for groceries, schools, and churches. After his extensive experience in the construction sector, Jim recognized the need for accounting software tailored specifically for contractors. This realization led Lawler Construction to partner with FOUNDATION from the outset, and the results have been evident almost immediately.
The adoption of FOUNDATION accounting software has resulted in significant operational efficiencies, dramatically reducing the time spent on data entry tasks by nearly half. This time savings has allowed the company to allocate resources more effectively and focus on more strategic activities.
Key Features Driving Operational Improvements
Several key features of FOUNDATION accounting software have played a pivotal role in improving Lawler Construction’s operations. These features include:
- Job cost activity reports, which provide detailed insights into project expenses and profitability.
- AIA billing templates, which assist in stabilizing budgets and streamlining the invoicing process.
- Purchase order linking and change order management tools, which facilitate better oversight of project adjustments and financial tracking.
One significant outcome of utilizing these features has been a drastic reduction in month-end reconciliation time. The company has gone from spending a full working day to just a few hours on this crucial accounting task, allowing for quicker financial assessments and decision-making.
Payroll Simplification Through Integrated Services
As a family-owned business, Lawler Construction has also integrated FOUNDATION’s Payroll4Construction service, alleviating the burdens typically associated with payroll management. This service further enhances the overall efficiency and effectiveness of the company’s operations.
Tom Lawler, the Vice President of Lawler Construction, has emphasized that the partnership with FOUNDATION has led to consistent growth over the years. The company appreciates the software’s support and how it has helped streamline operations, which is vital in a competitive industry like construction.
A Long-lasting Partnership
The Lawler family’s commitment to FOUNDATION has endured through nearly two decades of collaboration. They note that the software has successfully adapted to the business’s evolving needs, allowing for sustained growth and operational effectiveness.
Foundation Software, LLC brings a range of services to contractors that include job cost accounting, estimating, project management, and payroll services. These services are specifically designed to cater to the unique challenges faced by contractors, providing essential tools for financial health and strategic growth in the construction industry.
In conclusion, Lawler Construction’s journey from $2 million to $15 million in annual revenue serves as a powerful example of how leveraging specialized software can lead to significant operational improvements and financial success in the construction realm. The ongoing partnership with FOUNDATION highlights both the importance of tailored solutions and the company’s commitment to continuous growth and efficiency.
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