To become a “modern” company, companies need “modern” technology. In other words, technology that is cutting-edge, innovative and industry specific. For construction companies, construction management ERP software provided by Acumatica Cloud ERP perfectly aligns with these parameters. In fact, ERP Focus considers Acumatica one of the ten best construction ERP systems available.
As ERP Focus notes:
“Acumatica is a major provider of ERP systems for a variety of businesses including construction. Their products are a modern construction ERP for residential and commercial construction management. The system has the latest project reports, contracts, budgets, plans, specifications, change orders, invoices, purchase orders, and job costs.
It will keep staff and subcontractors informed and communicating—on phones, tablets, and PCs. You get accurate information by making the financial system your single source.”
An accurate description, for sure, but it lacks a few of the details construction industry professionals seeking the right cloud construction management software need before they can make their Cloud ERP choice. They can find these details in NexTec’s new product tour, which provides the key features of Acumatica’s comprehensive construction software.
Sneak Peek at the Acumatica Cloud ERP Construction Product Tour
The construction product tour reveals how Acumatica, as an end-to-end solution, can help construction professionals overcome the top concerns construction professionals face today, including the ongoing challenges brought by inflation. Following are brief descriptions of the construction features every construction business should have in their business management system:
Construction Project Management
- Manage construction projects in one place.
- See all tasks, change order logs, items to approve, open RFIs, project summaries, project status, invoices and more in a personalized construction dashboard.
- Drill down on project summaries and other components in the dashboard for more insights.
- Acumatica Construction ERP allows easy management of all construction projects costs.
- Easily see a project’s income and expenses as well as profit margin.
Can drill down into planned budget vs actual budget and see where and if variance exists and drill down into transactions.
- From the construction project management dashboard, see which projects are under budget, above budget, or have a low-billing ratio.
- Acumatica has several cost reports to help you see how your projects are doing
- You can look at contracted amounts, actual amounts, and forecasted amounts to better track costs.
- Easily manage subcontractors in one place using Acumatica Construction ERP.
- Look at change orders, billing, compliance documents and more to help streamline subcontracts.
- Keep track of all subcontracts and store all subcontracts in one centralized location.
- Acumatica also has retainage reports available to track subcontractor retainer amounts.
- Acumatica Cloud ERP makes it easy for construction companies to manage projects no matter where they are, whether that’s a home office or out in the field using a mobile browser or the Acumatica app.
- Data is stored in the cloud and syncs in real time, so the entire business has access to the latest information for more informed and strategic decision making.
- Field teams and subcontractors can view critical reports, enter employee time, add equipment details all while out on the field
- Critical project dashboards are available from a mobile browser or on the Acumatica app to easily access information right from any mobile device.
Dashboards and Financial Reporting
- Acumatica’s robust dashboard capabilities and financial reporting gives users insights to make decisions based on how their business is doing.
- There are many pre-built reports, plus allows users to create custom reports based on their company’s needs.
- With Acumatica Construction ERP, construction companies can easily manage payroll, including support for certified and union wages.
- Employers can drill down into timecards and payroll in their payroll dashboard.
- Employees can add additional information about their tasks in the summary section and submit their timecards for approval.
- Employers can approve timecards and can run project billing to bill for this employee’s time.
- Acumatica also has the ability to set up labor rates in the system for prevailing wage rates for certified payroll as well as union wage rates.
Award-Winning, User-Approved Construction ERP Software
The Acumatica Cloud ERP Construction Product Tour thoroughly examines each feature mentioned above and highlights why Acumatica is the best construction software for the construction industry. It also makes clear the reasons Acumatica is an award-winning ERP solution that repeatedly earns the title of Leader and Gold Medalist as well as receives Best Relationship and Best Usability ERP awards—many of which are based on real-user reviews.
Check out what a few satisfied Acumatica construction customers have to say:
“Once we made the decision to go cloud, other software couldn’t compare to Acumatica’s Construction Edition.”
– Bruce Young, President and Co-Founder, Curran Young Construction
“We’re now able to see where we are cost-wise with our existing construction projects; we’re able to look at the profitability of each project, look at the customer base and understand how we are most successful. Acumatica Construction Edition has helped us grow revenue because we’re much more efficient at managing projects.”
– Jeff Hamilton, President, Roberts Glass & Service
“To be able to go into a system and have a view of the entire company, not only your finance department but every department, and understand how a project is moving—that’s just amazing.”
– Anderson Pinto, Owner and CEO, Hartzell Construction and Renovation
“Acumatica Construction Edition had everything we were looking for. We are different from a regular construction contractor and liked that we could add different specialty fields and customize it to the way we do business.”
– Sean Barnett, CFO, Sphon Associates
At NexTec, we’re confident that any and all construction businesses can benefit from Acumatica’s comprehensive, flexible and native construction Cloud ERP software. From accounting, project management and payroll to inventory, service management, customer relationship management and more, Acumatica provides construction professionals with everything they need to succeed.