2015 inspire tour: How to protect yourself against noncompliant vendors and subcontractors

Minimizing subcontractor compliance riskSage 100 ContractorSage 300 Construction and Real Estate

#InspireTour

$1,500,000 fine

#InspireTour

$1.5m

$37.5m

What’s your

story?

#InspireTour

Profit Risk Loss

#InspireTour

Are you wearing your seatbelt for subcontractor and vendor compliance?

#InspireTour

How are you managing compliance?

• Time-consuming, manual processes• Disconnected spreadsheets for tracking and

reference• Limited dialog between accounting and operations• Delayed communication with subcontractors

and vendors

How effective is your “seatbelt” in protecting your company?

#InspireTour

Objective

Identify Track Manage

Minimize your

vendor liability

#InspireTour

The risk is real

#InspireTour

The risk is broad

$80,000 lien loss = $2,000,000 additional revenue(at 4% margin)

#InspireTour

The risk is broad: Liability

#InspireTour

The risk is broad: Forfeiture

#InspireTour

Are you at risk?

#InspireTour

Compliance in today’s market

Fifty State Construction Lien and Bond Law

Third Edition

#InspireTour

Effective compliance management

Centralizes tracking

Automates vendor

requestsAlerts staff to issues A “fail-safe”

#InspireTour

Sage 100 Contractor

#InspireTour

Sage 100 ContractorCompliance capabilities

Final and miscellaneous documents

Certificates

Lien waiversPre-lien notices

Insurance

#InspireTour

Sage 100 ContractorPre-lien notices

#InspireTour

Sage 100 ContractorJob lien waivers

#InspireTour

Sage 100 ContractorLien waivers

#InspireTour

Sage 100 ContractorExpired certificates/insurance

#InspireTour

Sage 100 ContractorExpired certificates/insurance

#InspireTour

Sage 100 ContractorFinal documents

#InspireTour

Sage 100 ContractorMiscellaneous documents

#InspireTour

Sage 300 Construction and Real Estate

#InspireTour

Sage 300 ConstructionSubcontractor compliance

Final documentsCertified reports

InsuranceLien waivers

MiscellaneousVendor A

Job B

#InspireTour

Manage subcontractor compliance with less risk and hassle

• Keep uninsured workers off your job site

• Ensure lien waivers have been received

• Produce certified payroll reports with confidence

• Centrally track and manage all compliance requirements in one system

• Leverage automation and integration to shorten work and raise visibility

#InspireTour

Sage 300 ConstructionSubcontractor Compliance Hub

#InspireTour

Sage 300 ConstructionAccounts Payable Settings

#InspireTour

Sage 300 ConstructionPre-Liens

#InspireTour

Sage 300 ConstructionLien Waivers

#InspireTour

Sage 300 ConstructionCertified Reports

#InspireTour

Sage 300 ConstructionInsurance Certificates

#InspireTour

Sage 300 ConstructionMiscellaneous Compliance

#InspireTour

Sage 300 ConstructionFinal Compliance

#InspireTour

Sage 300 ConstructionSecondary Vendors

#InspireTour

Sage 300 ConstructionWarnings/ Blocks

#InspireTour

Sage 300 ConstructionMyAssistant

#InspireTour

Sage 300 ConstructionMyCommunicator

#InspireTour

Sage 100 Contractor

• Accounting• Estimating• Document management• Project management• Equipment management• Service management• Inventory management• Mobility: Sage Construction

Anywhere

#InspireTour

Sage 300 Construction and Real Estate

• Accounting• Estimating• MyAssistant• Document management• Project management• Service management• Property management• Mobility: Sage Construction

Anywhere

#InspireTour

From 2000-2014, Sage (and Timberline) were named technology enabler by our customers 48 times.

Trusted over 40 years

2001 20132002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2014

#InspireTour

Free resourcesFor risk management educational resources, visit:

Sage-Job-Ready.com

For our award-winning interactive ebook, search“Sage risk management” in the iPad app store.

#InspireTour

Questions?

Call us at 800-628-6583 or contact your Sage business partner.

Thank you!