About SMG Construction
SMG Construction is a Bahamas‑based builder known for luxury custom homes, complex remodels, and notable commercial projects in premier communities including Lyford Cay, Old Fort Bay, and Albany, with portfolio highlights such as the Marcus restaurant at Baha Mar.
01The Challenge
High‑End Builds, High Stakes, Low Visibility
SMG Construction delivers luxury residential and commercial projects across Lyford Cay, Old Fort Bay, Albany, and marquee hospitality venues like Baha Mar. But as project volume grew, shared cards and inbox receipts obscured who spent what, on which job, and why. Materials overages and late vendor payments created costly delays. Month‑end close stretched on, and leadership lacked real‑time budget vs. actuals to course‑correct before issues compounded.
02Why Asset Card
Per‑Project Spend Control That Protects Margins
Asset Card assigns each project its own “financial home” with dedicated physical and virtual cards, category caps, and automatic transaction tagging to the correct job and cost code. Field teams capture receipts from the mobile app, PMs approve purchases against live budgets, and finance closes books faster with clean, receipt‑backed data. Because Asset Card is mobile‑first, crews can issue cards, submit receipts, and check budgets on the go, ideal for teams constantly moving between sites, with the platform always in their pocket.
03The Results
What changed for SMG Construction.
- Project budget variance reduced 47% after enforcing per‑project cards and line‑item limits, lowering average variance from 11.3% to 6.0%.
- Month‑end reconciliation time down 74%, from 11.5 hours to 3.0 hours per project, giving PMs and accounting back a full day each month.
- Reduced customer support queries by 30% with self-service tools.