SUCCESS STORY

Commercial Contractor

COMPANY OVERVIEW:

Established mid-size contractor undergoing growth

Commercial & Industrial Contracting

Ontario & Edmonton, Canada

Ongoing financial services engagement

Key Benefits

  • Transitioned to a fully digital bookkeeping system
  • Enabled daily financial tracking for better project cash flow
  • Achieved consistent monthly and quarterly financial reporting
  • Improved project management through enhanced financial visibility

Challenge

This contractor had outgrown its paper-based accounting system, which caused inefficiencies and limited visibility over the company's financial health. As growth accelerated, leadership needed:

  • A modern, digital bookkeeping system.
  • Accurate, timely financial reporting.
  • Support for daily financial tracking and decision-making.

Solution

POWERGROUP Resources modernized the company’s financial systems through:

  • Implementation of Hubdoc for digital document management.
  • Ongoing daily bookkeeping and financial tracking.
  • Strategic financial reporting delivered monthly and quarterly.

Results

  • Digitized all paper records, reducing waste and administrative burden.
  • Significantly improved cash flow management with daily tracking.
  • Increased clarity on project financials and receivables/payables.

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