Acumatica for Construction
Acumatica is a comprehensive cloud-based enterprise resource planning (ERP) software that is designed specifically for the construction industry. This software solution provides construction companies with the tools they need to manage all aspects of their business, including finances, projects, inventory, and customer relationships in one integrated system. Acumatica is highly customizable and can be tailored to meet the unique needs of each construction business.
One of the primary benefits of Acumatica is that it allows construction companies to track job costs, project budgets, change orders, and contract details in real-time. This real-time data is critical for project managers, as it enables them to make informed decisions and take corrective action when necessary. Additionally, Acumatica allows construction companies to manage multiple projects simultaneously, enabling them to efficiently allocate resources and manage their workloads.
Why Acumatica for Construction Industry
Instant Data Access in Role-based Dashboards
Native AI & ML for Automation & Data Processing
Superior compliance management
Flexible drop-shipping to project sites
Acumatica Construction
Product Features
With Acumatica, budgets are directly linked to contracts, enabling project managers to monitor project expenses and ensure that costs stay within the allocated budget. Any changes made to the contracts, such as change orders, are automatically updated in the project plan, ensuring that project managers have access to the most up-to-date information. Acumatica also links budgets to accounting, allowing for real-time tracking of expenses and financial data.
One of the advantages of Acumatica is that it simplifies the process of calculating taxes for a project. Tax zones are specified directly in the project, and the software automatically retrieves and calculates taxes for all invoices, purchase orders, subcontracts, and expenses. This ensures that all tax-related expenses are accurately accounted for and that project managers can make informed decisions based on the most up-to-date financial data.
One of the advantages of Acumatica is that it simplifies the process of calculating taxes for a project. Tax zones are specified directly in the project, and the software automatically retrieves and calculates taxes for all invoices, purchase orders, subcontracts, and expenses. This ensures that all tax-related expenses are accurately accounted for and that project managers can make informed decisions based on the most up-to-date financial data.
Additionally, Acumatica enables project managers to collaborate with field teams through mobile entry of units installed or used during project tasks. This feature provides real-time updates for planning, progress tracking, scheduling, and billing. The ability to track project progress from the field ensures that project managers have access to the most up-to-date information, enabling them to make informed decisions based on real-time data.
Moreover, Acumatica provides flexible progress billing options based on quantity, such as linear footage or square footage, reducing the project owner's risk and allowing customers to meet their unique business needs. This enables construction companies to customize their invoicing process according to the specific requirements of their projects, providing greater flexibility and reducing the risk of errors.
Moreover, Acumatica allows construction companies to benchmark their financial results directly against CFMA member peers. This is made possible through a custom dashboard that provides corporate return on assets, return on equity, and other financial ratios from CFMA members within the company's region. By comparing their financial performance to that of their peers, construction companies can identify areas for improvement and make informed decisions based on real-time data.
With Acumatica, the integration of purchase requisitions, contracts, and inventory control with subcontracts ensures that all relevant information is available in real-time, improving the accuracy and timeliness of decision-making. The streamlined process saves time and effort for project managers and other team members, enabling them to focus on other critical tasks that contribute to the success of the project.
The software provides expiration and other alerts, which help construction companies stay on top of critical deadlines and ensure that all documentation is up-to-date. These alerts also help staff and suppliers remain informed about the status of their documents, which can help prevent delays or other issues that can arise from missing or outdated information. Ultimately, the streamlined process saves time and effort, enabling construction companies to focus on other critical tasks that contribute to the success of their projects.
Additionally, Acumatica provides support for certified wages and executive compensation, which are critical components of payroll management in the construction industry. The software's powerful reporting tools enable construction companies to generate detailed reports that help them stay compliant with industry regulations and ensure that their payroll processes are operating efficiently.
Additionally, Acumatica provides support for certified wages and executive compensation, which are critical components of payroll management in the construction industry. The software's powerful reporting tools enable construction companies to generate detailed reports that help them stay compliant with industry regulations and ensure that their payroll processes are operating efficiently.
By using the Acumatica mobile app, construction companies can increase efficiency and reduce the time and effort required for data entry and project management. The software's file and photo attachment feature also improves collaboration among project team members, as everyone has access to the same information in real-time. The ability to create, edit, or delete submittals and drawing logs with defined workflows also helps construction companies to ensure that project activities are completed in a timely and efficient manner.