HM Revenue & Customs changed the tax system for the construction industry in April 2007 with new CIS rules. Pegasus Construction Industry Solutions, a portfolio of software solutions specifically designed for the construction and allied industries cater for all the changes and allow you to take full control over your contracts and costs. When you consider that the average construction project suffers 150% cost overruns and completes more than 175% late, there’s clearly a great need for software that can help you to deliver projects on time and within budget – and transform your profitability. Pegasus CIS will ensure you are fully compliant with the taxman and they’ll also bring astonishing efficiencies to your contract management.

Pegasus Construction Industry Solutions (CIS) is a portfolio of solutions specifically designed for the construction and allied industries; providing complete control over all aspects of contracts management, from costing and timesheets through to payment applications, VAT invoicing and cash receipt matching. Fully integrated to the Sales, Purchase and Nominal Ledgers, Cashbook and Payroll, Pegasus CIS conforms to the requirements and regulations of HMRC's Construction Industry Scheme, which came into force in April 2007. Pegasus CIS recognises the complex business requirements of the construction sector, offering an unparalleled level of management control over contracts and subcontractors.

Taking Control of Contracts and Costs
It has been estimated that the average construction project suffers 150% cost overruns and completes more than 175% late*. Investing in the right software could help transform this into a more profitable proposition where projects are delivered on time and within budget. Pegasus CIS provides an unparalleled level of management control over your contracts and subcontractors.

Simplifying Administration and Improving the Cost Controls on Contracts
Controlling the costs of a project can be a daunting task for many companies in the construction industry. Not only do businesses need to track the costs of purchases, there may be sub-contractors who need to be paid under HMRC's Construction Industry Scheme regulations, as well as raising and chasing the Payment Applications to clients. Has a Payment Application been Certified?  How much is the Main Contractor Discount?  When is the Retention due for payment?  How much profit did you make on that job?  These are the typical questions asked, but quickly getting the answers can be the problem when running a construction project. Effective cash management is key to making a profit in a contracting environment. Pegasus CIS has been specifically designed to give instant access to up-to-date information that allows you to manage your contracts. Knowing what is owed and when it is due and who needs to be paid and when, are critical issues. Pegasus CIS addresses these and many others as part of its effective management of your contracts.