“Create with the Heart – Build with the Mind”

The Client

Friedman Legal, a construction law firm based in Florida, specializes in representing various stakeholders in the construction industry, including owners, associations, contractors, subcontractors, and design professionals. With a focus on safeguarding clients’ rights and interests, the firm navigates a broad spectrum of construction law matters, from contract negotiations to dispute resolution and litigation. Their extensive experience encompasses diverse issues such as bond disputes, lien foreclosures, bid protests, defects, and delay claims. 

Challenges

• Timely Account Closure: Specialized construction companies can sometimes face delays in financial reporting due to the untimely closure of monthly accounts, which can be caused for several reasons.
• Staff Shortage: UMX navigated through periods of staffing shortages, which required resourceful management to uphold the accuracy and timeliness of financial record-keeping.
• Incomplete Financial Picture: Due to various factors, UMX occasionally encountered difficulties in presenting a comprehensive financial snapshot at the end of each month.
• Backlog of Payables: UMX managed a significant volume of payables and credit card transactions, which required careful attention to maintain accurate financial records.