Construction ERP
Enhance profitability and customer satisfaction with a single, integrated cloud platform geared for the construction industry’s unique challenges.
Why NetSuite ERP for Construction?
The hard labor in construction is more than pouring concrete or installing a roof. Labor-intensive manual data work is also needed if a construction firm relies on outdated, inflexible applications to run the business. Managers resort to wrangling data in spreadsheets or multiple systems to track projects, plan material and labor costs, bill customers, and comply with regulatory requirements. It’s a Herculean task given the inherent complexity of construction accounting.
The cloud-based NetSuite construction ERP solution equips construction firms to thrive with greater speed, simplicity, cost-efficiency, and visibility. Project-based accounting in NetSuite lets firms estimate, track, and analyze project costs and profitability, and enhance clarity and communications across teams from leadership to field service workers. A network of NetSuite Alliance and SuiteCloud Developer Network partners can help firms extend NetSuite for unique needs.
Optimize Costs and Profitability. Utilize powerful job costing, procurement, project management, and analytics for new control over variable material and labor costs while tailoring pricing with a single, integrated platform.
Improve Efficiency. Liberate personnel from onerous manual data work and processes to focus on customer service, regulatory compliance, cross-team collaboration, and accelerated project and accounting timelines.
Gain Vital Visibility. Generate groundbreaking insights into real-time and historical data with a single source of truth for informed operational and strategic decision-making to minimize risk, react to change orders and other unanticipated events, and fuel growth.
NetSuite Construction Features
Construction Accounting
NetSuite automates everyday accounting and handles the industry’s unique project-based requirements, such as revenue recognition, work in progress reports, and time and materials and fixed price contracts. A single source of timely, accurate data helps eliminate spreadsheet usage and guesswork decisions.
Job Costing
NetSuite empowers firms with job costing to accurately estimate labor, materials, and overhead costs from project concept to completion with a purpose-built construction ERP. Project-based tracking of fluctuating direct and indirect costs, change orders, and cash flow delivers insights to help ensure profitability over short- and long-term projects.
Field Service Management
NetSuite Field Service Management software helps construction firms increase efficiency and cut operational costs while increasing customer satisfaction. A field service mobile app supplies on-site personnel with alerts and access to real-time data, while managers gain flexibility to schedule and adapt job assignments.
Customer Relationship Management
NetSuite CRM provides construction firms with a single repository of both B2B and B2C customers with a 360-degree view across all interactions, bills, payments, and more. Contractors gain heightened visibility across the customer base to improve satisfaction, drive sales, and fine-tune marketing outreach.
Project Management
Project management capabilities streamline and accelerate project delivery from project creation to resource onboarding and allocation, timesheet tracking and approvals, and expense authorizations. Dashboards provide at-a-glance insights into milestones, tasks completed and overdue, and overall progress versus expected timeline and cost targets.
Compliance and Collaboration
Flexible controls in NetSuite strengthen compliance in areas such as ASC 606 revenue recognition, taxation, and hiring subcontractors that meet licensing and insurance requirements. Collaboration across business units rises with a single, integrated platform that eliminates the delays of hunting for data and documents.
