WIP forecasting is getting smarter and fully automated

In project-based industries like construction, managing Work in Progress (WIP) forecasting has long been a high-stakes balancing act. Spreadsheets ruled the game, until recently.

With the introduction of Sage Intacct Construction’s WIP automation tool last summer, finance teams took a giant leap toward accurate, real-time visibility.

But now? The next leap is here.

In the upcoming Sage Intacct Construction release, cost code-level WIP forecasting will allow project managers to go beyond job-level projections and directly manage cost-to-complete forecasts inside the system. That means no more external spreadsheets, no more disjointed handoffs, and no more manual roll-ups.

This update doesn’t just streamline a process, it transforms it.

Here's what’s new in Sage Intacct Construction for WIP forecasting and why it matters:

Cost code-level forecasting, built in

Project managers will now be able to forecast revised costs at completion by cost code, directly inside Sage Intacct. No more managing projections in Excel. No more toggling between job cost data and your WIP schedule. This upgrade builds on the original WIP automation, which eliminated the need for spreadsheet-based WIP schedules and manual adjustments.

Why it matters: Project managers can now own their projections from the field to finance, without breaking stride.

Real-time updates to the WIP schedule

Forecasting at the cost code level means automated rollups to the job-level WIP schedule. Once project managers input their forecasts, the data flows directly into the WIP report and triggers the appropriate financial adjustments.

Why it matters: The right people get the right data faster and with fewer errors. That’s a win for finance, operations, and leadership.

More accurate financials. More confident leadership.

When project forecasts are updated in real-time and based on granular, on-the-ground data, the resulting financial statements become more reliable. Controllers, CFOs, and business owners gain clearer visibility into how forecasts are calculated and where risks or opportunities lie.

Why it matters: Better inputs mean better outputs. And better financial data means more confident decision-making.

Why this isn’t just for accounting

While the accounting team certainly benefits from more accurate and efficient WIP data, this release speaks directly to project operations teams. The ability to manage forecasting inside Sage Intacct, without duplicate entry or back-and-forth spreadsheets, gives operations tighter control and better tools to manage project outcomes. Book a demo.‍