We previously covered a few key features in the Construction Edition of Acumatica ERP. Now we’re taking a deeper dive into some of the recent enhancements that are aimed at businesses in construction, professional services, and field service management.
Smarter Document Control
A smart and powerful Document Management system now automatically tags and organizes RFIs, submittals, contracts, and photos while customizing labels for your team’s needs. Seamlessly integrate with other construction software to eliminate double entry, reduce filing time, and ensure project documents stay organized.
More In-Depth Project Dashboard
The new Acumatica Project 360 Dashboard provides you with real-time visibility and control, enabling faster decision-making and smoother collaboration across every project stage. Get a quick summary of key measures, track progress, and spot issues so your team can act fast. With customizable Key Performance Indicators (KPIs) and critical data in one place, you boost visibility and teamwork while keeping everyone focused on what matters most.
Simpler Project Labor Tracking
Get real-time project visibility and precise labor costing with a seamless web-based timer to clock in and out of project tasks. Integration with payroll and project accounting streamlines billing, and offline support keeps teams productive in the office or in the field.
Redesigned Calendar Board
Acumatica Construction simplifies field service scheduling with a modern Calendar Board that provides service dispatchers with an intuitive drag-and-drop calendar for appointments, map views, and smart filters to assign the right technician by qualifications and area. Track appointments by color, group work by branch or skills, and respond to urgent requests with confidence.
Perhaps best of all, the calendar board provides real-time visibility which can help reduce response times and keep your team on track and on schedule.
New Project Status Form for Key Updates
The new Project Status form puts all of a project’s information in one place so you get a clear, complete picture of a project with fewer clicks, screens, and reports. From high-level metrics to financials, documents, and project reports, Project Status helps you stay on top of cash flow, committed and forecasted costs, variance versus plan, work in process (WIP), and much more.
Now you can monitor KPIs, review supporting records, and drill down into details – all without jumping to different forms. This consolidated view that offers you access to:
- An overview of the project settings in the Summary area
- The Summary dashboard with key project metrics and drill-down capabilities
- Various project-related records by using the navigation pane and links on the pages
- Details about the customer, project contacts, and activities via the side panel
- Key financial reports, documents, and transactions through the More menu
Enhanced Reporting Across the Board
A wide range of new or enhanced forms and reports give you fast access to comprehensive reports to manage your people, projects, and profitability more effectively. Here are some key new reports and screens:
Identify Project Cash Flow in Real-Time
Stay ahead of funding needs with the new Project Cash Flow Report. Visualize cash inflows and outflows with precision, anticipate funding gaps before they impact operations, and identify surplus opportunities that drive strategic decisions.
Review Profitability by Project
Transform how you manage project profitability by turning complex financial data into AI-driven insights that drive strategic decisions and growth. Compare revenue against costs at any moment in time, drill down into specific project details, and analyze profitability trends across quarters, months, or real-time snapshots.
Simplified Retainage Billing with Enhanced AIA Reporting
Gain clarity with enhanced AIA reporting. Inform project managers and accountants of billed retainage on every payment request. With clear retainage invoice recaps and simplified reconciliation, your team can manage payments confidently.
Deeper Work-in-Progress (WIP) Insights
Comprehensive Work-In-Progress reporting puts real-time insights at your fingertips. Assess project performance instantly, ensure accurate revenue recognition for percentage-of-completion billing, and track every aspect of your active projects – from budget and costs to billing and profitability.
And with the new Project WIP Adjustment screen, you can:
- Easily adjust revenue for the reporting period without manually modifying GL transactions
- Automatically calculate overbilling and underbilling amounts
- Post auto-reversing GL transactions to record the current revenue
- Ensure GAAP compliance for construction project reporting
Acumatica Construction Customer User Group
A new customer user group was recently launched, solely focused on Acumatica Construction. In fact, it’s Acumatica’s first-ever industry focused user group that creates a forum for troubleshooting and exchanging ideas around the unique needs and challenges of the construction industry. Stay tuned for upcoming events including virtual meetings and in-person meetups. You can request membership in the group here.
Be sure to get in touch with your Acumatica Construction Partner for more information about how to improve margins and project control through all stages of building using Acumatica ERP – Construction Edition.
