It’s already hard enough to succeed in the construction industry, so why let your construction ERP hold you back? One of the best ways to mitigate risk and remain resilient to market volatility is by putting the right technology solutions in place. The right software can help cut costs, optimize efficiencies, and improve visibility across your entire business.

In this blog, we review 3 reasons to consider upgrading your construction ERP. If any of these rings true, you should begin researching other options.

Manual Tasks & Data Entry

Manually entering data into your construction ERP software is time-consuming, and it significantly increases the chance of manual errors. It can also delay critical processes such as the month-end close, retainage, customer and vendor billing, etc.

The combination of NetSuite and FullClarity can help your company embrace automation and eliminate nearly all manual data entry.

NetSuite is a fully-integrated ERP that unifies all aspects of your business under one cloud platform. (ERP, CRM, ecommerce, WSM, etc.) It’s utilized by more than 36,000 companies across the globe.

FullClarity is a dynamic construction management solution that was built inside NetSuite. It was created by experienced construction professionals specifically for the needs of the construction industry.

Together, NetSuite and FullClarity make a robust construction accounting solution that will grow with your company. Several benefits include…

  • AIA billing software with compliant invoices out of NetSuite
  • Automated customer and vendor invoicing
  • Automated claim preparation
  • Auto-updates of pricing for more accurate estimates

Data Silos, Multiple Software Systems

One of the primary reasons for manual data entry is that companies have multiple disparate software systems. Generally, these were added after the construction ERP, or back-office software, to accommodate changing business requirements, and the integrations between each system might not match up.

This patchwork group of software systems can cause data silos and redundancy, data loss, and manual data entry, and it is a security risk too. Batch updates will likely be required because these systems don’t freely exchange data or update in real-time.

As a result, this example company spends valuable time, budget, and resources on error-prone tasks and procedures while using old data.

This is not the case with NetSuite and FullClarity because everything you need is available within the same system, and all data is shared and updated in real-time. Several benefits experienced by customers include…

  • Company-wide visibility: Easily monitor job and labor costs, change orders, AR and AP, purchase orders, etc.
  • Better estimating with job costing software, and faster identification of potential overhead
  • Better forecasting of cash flow, payment schedule adjustments, etc.
  • Helps eliminate the margin of erosion with more precise bids using real-time data
  • View budget versus actual in real-time for risk mitigation and planning

Poor Scalability

Most fast-growing companies across every industry will run into this problem with business software, and construction ERP solutions are not unique. Starting with a product such as QuickBooks will get a company through the first stage of its maturity, but any significant leap in growth will reveal the shortcomings of the software.

Several common deficiencies include the inability to automate critical tasks, limited customizability, and poor integration capabilities. Fortunately, companies leveraging NetSuite and FullClarity rarely, if ever, experience these scenarios.

NetSuite has a modular design that enables customers to add or remove modules when needed. It also has rich customization and automation capabilities that are improved during every update. And, NetSuite automatically updates bi-annually with all customizations and integrations carried over seamlessly to the latest version.

Because it was built inside NetSuite, FullClarity is simultaneously updated and improved.

NetSuite and FullClarity are a perfect combination. Customers receive much more than a construction ERP.