The Power of Cloud-Based Construction Accounting Software

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Running a construction business has always been more complicated than running most other kinds of companies. Project timelines can span months or even years, the supply chain includes an array of raw materials, and there are multiple small teams and subcontractors to organize and manage. To be successful, a construction firm needs real-time visibility into all projects and budget information. A cloud construction management solution gives you just that. 

 

6 Ways Cloud Technology Can Enhance Productivity for Construction Firms

When it comes to growing your construction business, speed is the name of the game. Your bottom line depends on your ability to exploit new business opportunities before your competitors do — and to handle your current projects efficiently so that your existing customers remain happy. The cloud delivery model does lend itself well to exceeding customer expectations by meeting the needs of a dispersed construction team. Here are a few of the ways that cloud construction ERP software can boost productivity and support your team:

 

1. Real-time insights, anywhere, anytime

Access information from any web-enabled device anywhere at any time

2. Organize Your Business

Manage projects, costs, and company-wide capacity with a solution that links opportunities, contracts, schedules, budgets, change orders, subcontracts and compliance from one screen.
 

3. Easily Manage Financials

Forecast and manage costs, payroll, profits, cash, and taxes accurately, using revenue balance, percentage completed, and completed contract accounting—with multiple entities, currencies, and languages.

4. Job Cost Accounting

Gain insight into your job costs, including cost to complete, cost at completion, and percentage of completion.
 

5. Focus on the Project not the Paperwork

Manage plans, contracts, specifications, submittals, emails, change orders, photos, spreadsheets, inspection reports, etc.
 

6. Stay Ahead of Scope Changes and Cost Impacts

Manage projects, budgets and track all activities, issues, change orders, project documents, and job costs from one central area.
 
 
This white paper explains why moving to cloud construction accounting software is a prerequisite for driving profitable growth.
 
Download White Paper
 
 

Technology & the Future of the Construction Industry

The construction industry is changing rapidly; here are the changes we see happening and how we think technology can play into these changes.

 

Technology as a Competitive Advantage

  • Compared to a lot of other industries, construction is commonly seen as a slow-starter with technology. However, we’re starting to see the industry begin to acknowledge the fact that integrated, automated and innovative software is needed if they want to reach the next level of success.

Streamline the Decision-Making Process

  • From budgets to tracking project progress and beyond, construction businesses need modern construction accounting software that covers every team members’ needs. This collaborative and holistic approach allows every team member (both in the office and on-site) to understand their role within the organization and allows them to deliver successful projects.

Software with Specialized Functionality

  • The construction industry already understands the need for specialized trades. The same mindset is needed when choosing cloud construction software, where seamless integration with expert third-party applications is essential.

 

Acumatica Construction – Customer Success Story

Curran Young Construction, a general contractor firm in Florida, was founded on the mission of providing best-in-class construction services with a passion for continuous improvement, professionalism, and attention to detail. To fulfill this mission, they needed a construction accounting software solution that could connect their front and back-office and seamlessly integrate their essential third-party applications. Curran Young Construction was one of the first customers to implement Acumatica’s modern, flexible construction accounting software. Here are a few of the many benefits the company has experienced since implementing Acumatica Construction Edition:

  • Seamless integration with industry-specific applications due to Acumatica’s open system, keeping field operations and the front office in synch
  • Increased efficiency due to ease-of-use and integrated functionality with click-of-a-button navigation
  • Mobile access for their whole team, providing instant communication and problem-solving now matter where they are or when they need it
  • Built-in expense report coding, eliminating the need for separate software programs

“Once we made a decision to go cloud, other software couldn’t compare to Acumatica’s Construction Edition. Being cloud-based takes away the necessity of having servers and infrastructure and their associated operating costs. It was a logical choice. With Acumatica, we can communicate and integrate with other tools easily, which is a big plus as we use tools like Procore, Excel, ProEst and Building Connected.”

— Bruce Young, Co-Founder of Curran Young Construction

 

 

As you evaluate cloud construction management solutions, consider what Acumatica Construction Edition has to offer. This full-featured construction ERP can help you improve margins and project control from estimating through close out on office, retail, multi-family, mixed-use and government projects.

Looking for an ERP software solution? Remember, the company you choose to implement your software dictates the success or failure of your software investment. At  Aqurus, we’re passionate about providing superior ERP solutions and support.

Want more information on Acumatica’s Construction Accounting Software and how it could impact your business? Find out more here.

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