The Work-In-Progress (WIP) schedule is the single greatest tool for integrating Operations and Finance driving profitability. It is also the single biggest risk on a contractor’s financial statements.
As you can see in the diagram below, the WIP sits directly in the middle of several key processes and is the foundation for not only an accurate P&L and Balance Sheet but also the foundation for any Forecasting including Cash Flow.
For this reason we consider the WIP a key business process and not simply a reporting function. We have a wide range of proven solutions that drive a contractor’s profitability through improving the WIP and associated processes.