What is the function of CMiC and how does it operate? CMiC is a comprehensive construction management software that not only handles construction accounting tasks, but also offers essential project management features such as cost tracking, resource management, and time and expense tracking. This software is highly beneficial for managing accounts payable, accounts receivable, quotes/estimates, and other financial records. Additionally, CMiC assists with cash management, payroll management, purchase order management, budgeting, forecasting, as well as simplifying billing and invoicing. It also includes features for managing change orders, contractors, contracts, and subcontracts, making it an all-inclusive solution for construction management.