What is Bauwise?
Bauwise provides real-time commercial control throughout the construction project lifecycle. The software seamlessly integrates with existing ERP and accounting systems, combining financial data with project team input to expose all budget risks. It automates budgeting and forecasting, purchase invoice management, cash flow forecasting, tender management, applications for payment, change order management, and purchase orders and contracts management. Designed for subcontract-driven projects, Bauwise centralizes subcontract procurement, variation management, commitment tracking, and forecasting, ensuring financial transparency and accuracy.
Features
- Automated Budgeting & Forecasting: Allocate budget based on construction stages or buildings, track forecast to complete and estimate at completion, control budgets through versions and approval locks, forecast profitability, manage accruals, and sync financial data with integrated ERP or accounting software.
- Purchase Invoice Management: Automate purchase invoice processing with AI-powered data extraction, pre-defined approval workflows, and unique invoice allocations. Link invoices to purchase orders, contracts, or applications for payment.
- Cash Flow Forecasting: Generate structured cash flow forecasting baselines, fill past periods with actual cost and revenue data, align projections with cost-at-completion, and manage approvals through version-controlled tracking.
- Tender Management: Create tender packages from budget lines, identify qualified bidders, issue invitations to tender, and compile bids into an automatically generated comparison table.
- Applications for Payment: Streamline month-end reporting between contractors and subcontractors with structured, auditable workflows, change orders, retentions, and back charges.
- Change Order Management: Track, review, and approve scope changes with automatic cost impact calculation, budget adjustments, and versioned audit trails.
- Purchase Orders & Contracts Management: Create purchase orders and subcontractor contracts directly from budget lines, manage scope changes, variations, and back charges in real time.
- ERP & Accounting Software Integration: Automate data flow between ERP or accounting software and Bauwise for enriched invoice data without double work.
- Mobile App: Review and approve invoices, capture receipts with AI-powered image recognition, and allocate invoices on mobile devices.
- Portfolio Overview: Consolidated dashboard displaying cost forecasts, profitability, actuals, construction progress, and margin deviations across all projects.
Use Cases
- Managing construction budgets and forecasts for commercial real estate projects
- Processing subcontractor invoices and payment applications
- Tracking change orders and their impact on project costs
- Generating cash flow forecasts for construction portfolios
- Managing tender processes and bid comparisons
- Integrating construction cost data with ERP systems
FAQs
-
How do you control costs and margin in subcontract-driven construction projects?
Bauwise centralizes subcontract procurement, variation management, commitment tracking, and forecasting to maintain commercial control across projects delivered through multiple parallel subcontract agreements. -
Can Bauwise handle subprojects and manage multiple projects at once?
Yes. Bauwise enables you to split any project into multiple subprojects while maintaining a unified project dashboard that displays cost forecasts, profitability, actuals, construction progress, and margin deviations across all subprojects. -
Can I start using Bauwise on an already-running project?
Yes. You can import existing budgets, commitments, and actuals into Bauwise and continue from where the project stands. The team supports data mapping and configuration to match ongoing workflows. -
Can I use my own budget structure?
Yes. Bauwise supports flexible coding systems that allow budget imports via copy-paste, Excel, or CSV file uploads. -
Can Bauwise integrate with my accounting software?
Yes. Bauwise supports integrations with major accounting systems like Microsoft Dynamics 365 Business Central, Odoo, SAP, QuickBooks, Xero, and more. The team can suggest options for less common tools.
