10 Reasons Why Contractors Think Acumatica is the Best Construction ERP
Running a construction business is no easy task. With numerous moving parts, project management can become chaotic quickly. Paperwork and processes often turn into bottlenecks, slowing down progress and causing frustration. Keeping track of accounting and expenses can get out of control, leading to costly errors and inefficiencies. Contractors need a robust solution to help streamline their operations and gain better control over their projects.
Why do contractors everywhere turn to Acumatica for their ERP system? Here are 10 reasons along with more information on features and how each one caters to the needs of contractors, helping them achieve greater profitability and efficiency.
How Acumatica Helps Contractors Gain Control
1. Financial Management
Acumatica’s financial management is both robust and scalable, making them suitable for contractors of all sizes. Whether you’re a smaller contractor or a large firm, you can benefit from standard financial processes like GL/AP/AR, multi-company and multicurrency accounting, fixed assets management, and more. This ensures that your financial operations are always in check, and you can grow without hassles.
2. Job Cost Accounting
Accurate job cost accounting is crucial for managing project expenses and profitability. With Acumatica, you can seamlessly manage AP workflows from invoice entry to approval and payment. Real-time project costing includes up-to-date labor, material, and equipment costs, helping you identify potential problem areas early, estimate future projects more accurately, and bill customers correctly every time.
3. Project Management
With Acumatica, contractors gain a complete and current view of their projects, including updates from the field. This instantaneous information sharing between the project management team, back-office workforce, and management ensures everyone is on the same page. You can easily track all activities, issues, changes, project documents, and job costs no matter where you are located.
4. Payroll
Payroll is complicated in the construction industry, but Acumatica simplifies it. The flexible payroll system supports multiple unions, locals, classes, benefit packages, and complex wage structures. Whether it’s certified wages, executive compensation, or commission structures, Acumatica handles it all efficiently.
5. Commitments
Project commitments and change orders are vital to control cost overruns. Acumatica automates these processes, allowing you to create and track subcontracts, purchase orders, and vendor payment statuses easily. This automation helps you compare budgets to actuals and monitor committed costs effectively.
6. Compliance Management
Staying compliant with various regulations is crucial in construction. It can make or break your business, so you need a system you can rely on to help. Acumatica helps you manage lien waivers, insurance certificates, and status updates efficiently. It also gives you alerts for expirations and other important dates, ensuring you never miss a compliance requirement.
7. Customer Relationship Management (CRM)
Acumatica’s CRM provides real-time data on all customer activities, including quotes, orders, invoices, payments, support cases, and service calls. There is even a self-service customer portal giving your customers access to the information they need, when they need it.
8. Mobile App
Access to critical information on the go is essential for contractors. Acumatica’s mobile app allows you to get all the information you need, including viewing reports on phones and tablets. Additionally, it enables field teams and subcontractors to enter employee time and equipment details electronically. This ensures seamless access to the complete system from any device.
9. Advanced Material Management
One of the ways construction businesses stay on schedule and within budget is by managing project materials efficiently. Acumatica streamlines this process by handling receipts and issues for purchased materials, creating requisitions with approval workflows, and generating purchase orders for direct shipments to project locations. This results in a more efficient workflow for job site deliveries.
10. Change Management
Cost overruns are a major concern in construction. Acumatica helps control these by automating project commitments and change order processes. You can manage back charges or reductions in vendor commitments through the entry of negative change orders, making sure you stay on top of all financial aspects of your projects.
Deploy Acumatica with a Partner that Knows What Contractors Need
Acumatica Construction Edition offers a comprehensive solution for contractors, helping them manage their businesses more efficiently and profitably. However, to fully leverage its capabilities, you need a partner who understands the details and unique needs of the construction industry.
Gale Force Consulting is an Acumatica partner that specializes in helping construction businesses implement Acumatica Construction Edition. With our deep industry knowledge and expertise, we can guide you through the implementation process, ensuring that you enjoy a smooth transition from your previous software and that you gain the maximum benefit from your new solution.
Ready to take control of your construction business with Acumatica? Contact us today to learn more about Acumatica Construction Edition.
Don’t let inefficiencies hold you back—transform your business with the right ERP solution.
