CrewCost was built to empower small and
mid-sized contractors to build confidently.
AUSTIN,
Texas, July 16, 2024 /PRNewswire/ -- CrewCost,
the first affordable accounting software designed for contractors
by contractors, proudly announces the launch of the company and its
namesake product. Built by the founder of Esticom, a cloud-based
takeoff and estimating application acquired by Procore, CrewCost's
cloud-based construction accounting software is tailored
specifically for contractors to help them better understand their
numbers and build confidently.
The U.S. construction industry is dominated by small and
medium-sized businesses that often lack the financial management
tools necessary for long-term survival. According to the latest
U.S. Bureau of Labor Statistics data, almost 40% of construction
contractors go out of business within five years.
"With billion-dollar corporations controlling the vast majority
of construction revenue, we want to help level the financial
playing field for the small and medium-sized contractors who build
our homes, schools, and hospitals," said Chris Lee, CEO and founder of CrewCost.
"CrewCost creates modern, easy-to-use construction accounting and
financial management products accessible and affordable for
contractors of all sizes."
CrewCost is construction accounting software integrating job
costing and time tracking in a simple, powerful platform.
Contractors can manage and track committed costs, change orders,
retainage, and progress billings. In addition, employees and
subcontractors can track and submit their time on the CrewCost apps
for Android and iOS. With CrewCost, contractors can see how each
job impacts profits, allowing them to build confidently.
The CrewCost Story
As a former construction business owner, Chris experienced
firsthand the challenges of using generic accounting software in
the contracting business. He tried integrating point solutions,
using spreadsheets, and hiring costly external help—a frustrating
process that took valuable attention away from other parts of the
business.
This experience gave him deep insights into the operational and
financial challenges of running a contracting business. In 2015, he
founded Esticom, a cloud-based takeoff and estimating application
designed to help contractors bid and win more projects. Esticom's
success led to its acquisition by Procore Technologies in 2020.
In 2022, Chris partnered with Yancy
Lassiter, a longtime Financial Controller and CFO in the
construction industry, to create a better way for contractors to
manage their businesses. Their shared vision inspired the idea for
CrewCost.
About CrewCost
Introduced in 2024, CrewCost is the
first modern and affordable accounting product built specifically
for small and mid-sized construction contractors. Built by the
founder of Esticom, a cloud-based takeoff and estimating
application acquired by Procore, CrewCost empowers contractors with
easy-to-use and affordable construction accounting and financial
management products. CrewCost construction accounting software that
integrates job costing and time tracking; contractors can manage
and track committed costs, change orders, retainage, and progress
billings. With CrewCost's simple-to-use yet powerful platform,
contractors can see how each job impacts profits so they can build
confidently. To learn more, visit https://crewcost.com/.
CrewCost Media Contact:
Jodi Bart Holzband
jodi@classicbart.com
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SOURCE CrewCost