ERP For Construction Companies

ERP Advisors Group (EAG) is one of the top independent enterprise software advisory firms for real estate and construction companies.

When we meet real estate companies, we immediately know we are dealing with a very different set of requirements than other commercial organizations.

Construction, property developers, property managers, REITs, and similar companies who are replacing legacy best-of-breed software should carefully vet the construction software and implementation resources before committing to a contract.

Real estate-specific requirements do not natively come with most out-of-the-box ERPs. Requirements like work orders, progress billings, construction in progress, or job purchasing should be carefully checked.

We can prevent mistakes made during the ERP selection process with our advisory approach where we define your unique business requirements. We will ensure that not only is the software vendor capable of handling your requirements, but we will also ensure the implementation partner is experienced in your industry before we will let you sign any contracts.

Download the free "Construction Factsheet".

 

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ERP Help for Real Estate & Construction

ERP Advisors Group will help your company to define requirements, set your software strategy, provide a  selection roadmap, conduct a diligent vendor selection process, and stay on to manage the entire implementation.

Develop Your ERP Strategy

We will define your needs and wants as well as how you would ideally use new automated solutions across your entire company, whether you are a data center, property management company, construction and engineering firm, homebuilder, low voltage, or security integrator firm.

Implementation Project Management

Construction software management is difficult without the right people in your corner. After finalizing your construction software and services contracts, EAG stays with you to oversee your implementation until you successfully go live.  We will oversee integrations, data migration, change management, budgets, design and configuration, walkthroughs, training, testing, and go-live cutover, and will provide executive and project sponsor support throughout the duration of your project.

Select Your New Software

We will guide you through selecting the best-fit, most cost-effective business applications and implementation partners.

 

Data Migration

We assist with all components of migrating your data: extraction, cleansing, transformation, and loading into your new system to ensure you have complete confidence in the accuracy of your data at go live.

Why Construction & Real Estate Companies Upgrade Their ERP Software

Surveys across all of our real estate and construction clients reveal the most common reasons why they need new ERP to automate their business:

  • Use of spreadsheets for planning and scheduling of projects is inefficient and makes project tracking more difficult. 
  • Lack of real-time per-project analytics, reporting, and roll-up by area.
  • Time-consuming manual data gathering and consolidation for Cost to Complete reporting.
  • ERP is missing functionality to financially manage Projects and Work Orders for billing.
  • Information does not filter down to each department in the system, creating lack of visibility into employee training records, time and expense records, and unnecessarily difficult job costing. 
  • Inability to track and transition projects from opportunities to active projects, to completed projects.
  • Budgets for projects and payroll must be imported into the system creating duplicate work.
  • Lack of visibility into what projects a subcontractor is assigned to.
  • The amount of paperwork needed to maintain projects is overwhelming to new employees.
Get ERP Help

The decision to change to a new software platform had been coming for a year or so. I've been with the company about two years now, and they knew they needed new software before I joined the team; however, they didn't know how to do it. The worry was that it was going to take a long time and that it would be too complicated. Even shopping for new software seemed overwhelming, but ERP Advisors Group’s process helped us zero in on a plan to move towards a selection and get the project on schedule. EAG’s process really helped us a lot.

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Luke Harmon

Electrical Engineer, Prism Electric

Luke Harmon

 

Why You Should Hire ERP Advisors Group

We are 100% independent ERP consultants, and we never take commissions or payments from any vendors. Combining our objectivity with our white-glove selection process, you will be absolutely certain that you are selecting the right software and implementation resources.

 

Resource-Constrained

Our rapidly-growing mid-market clients are already very busy with their day jobs and do not have time to become ERP experts.  Though your key people still have to devote some time to an ERP initiative, hiring an ERP consultant frees them up to focus on the important ERP decisions while keeping the focus on their day job.

Complex Business Processes

The more complex your business, the more likely for difficulty when selecting and implementing software.  ERP Advisors Group will help you uncover your true needs and will only vet the most viable options for your size, requirements, resources, and strategy.

 

 

Best Practices for Your Industry

We will create your requirements document and demonstration script with industry-standard best practices in mind while retaining what is unique to your company, leaving out the manual workarounds.

 

Change Management

Many clients hire us when they suspect there will be a business case for new software, especially in a manufacturing company on legacy applications.  ERP Advisors Group helps stakeholders buy into what is best for the company by getting their input at multiple stages including the Needs Analysis, Selection, and Implementation.

Vendor Demonstrations

A frequent complaint we hear from prospects who tried to select software on their own is feeling confused about the software's capabilities.  We have vendors show your requirements during their product demonstrations.  This ensures you feel confident about selecting the best products to meet your needs.

Contract Negotiations

We negotiate tens of millions of dollars of deals every year for our clients.  We provide contract reviews on all terms and conditions, including software, services, and every agreement embedded throughout the contract. Our clients receive price protection for many years to come on their purchases. While we don't guarantee it in writing, we normally save our fees on this step alone. Check out our Guide to Contract Negotiations.

Podcast

 
How to Know If You Need an ERP Upgrade - Free Download

Benefits to Upgrading Your ERP Software

ERP Advisors Group's Needs Analysis will uncover the benefits your company would realize with an ERP upgrade.  Some of the most common benefits for a new Real Estate or Construction ERP software include:

  • Primary vendors integrated into system for ease of access to available inventory and streamlined ordering.
  • Vendor, GC, and subcontractor management, portal access, and integration.
  • Subcontractor Change Order creation with visibility to subcontractors.
  • Entire project process integrated so everyone can see when the work has started, its status, labor hours charge, etc. in near real-time.
  • A modern system capable of scaling and growing with the company over time.
  • Integration and automated information flow from one module to the next with no manual intervention.
 
  • Construction Project and Service Time and Labor fully integrated with ERP system for job costing in near real-time.
  • RFI and Change Order creation and workflow for approvals and submittals.
  • Costs automatically roll to correct project and job codes, automated reporting, and variance analysis.
  • Role and Permissions based security/access restriction around setting up new vendors.
  • Budgeting, forecasting, and actuals for static budgets and movement in forecasts within construction accounting software.
    Procure to Pay fully automated with workflow approvals to mobile devices.
 

Schedule a Free Consultation Today!

When you contact ERP Advisors Group for a consultation, you will be greeted by an experienced member of the team who understands the reasons why CFOs, Controllers, and Directors of IT are considering new software. You will NOT be meeting with an entry-level salesperson. 

Your complimentary consultation can provide you with guidance that you cannot find just by searching the internet.

What you can expect from your consultation:

  • A one-on-one discussion with a senior sales executive who will provide timing and costs about EAG's consulting options.
  • Factsheets, booklets, and other detailed resources for independent research.
  • A tailored approach to your specific ERP needs.

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I can't imagine doing this without a partner like EAG, honestly, and I think everyone on our internal team feels like EAG is truly our partner, and I am so glad we did it this way. Everything has exceeded our expectations, and I cannot imagine going through this process without EAG or the support and guidance they have provided. They have made everything so much easier than we were anticipating; it has been awesome.

Nancy Graham

CFO, Exerplay

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Frequently Asked Questions

Here are answers to some of the most commonly asked questions we get from our Construction clients.

 

What do Construction companies need from their ERP?

Construction companies are unique in many aspects, from W2 payroll or “payroll” for subcontractors and other 1099 employees to project management to full financial control over internal accounting and project budgeting. Each aspect of a construction company’s operations must be carefully accounted for and addressed within their ERP system.

And, unfortunately, core needs like Job Estimating and Budgeting are not built directly into most ERPs. Construction companies often need a construction-specific ERP or an ERP with a strong ecosystem of construction-specific solutions. The same goes for most scheduling and field service needs. Due to the complicated nature of construction, most companies rely on an array of software applications as opposed to a single solution.

Additionally, Construction companies need an ERP or ecosystem that can handle AIA billing which is not necessarily a core feature. It often takes a very specialized approach to ensure a clear, concise method to meet AIA standards for generating progress payments, accounting for stored material, and documenting all other associated costs. This type of specialized accounting is an essential ERP feature for any successful construction company. Construction companies need to be able to effectively provide scopes of work and manage project payments throughout the entire lifecycle of extremely complex, multi-phase projects.

Does Construction ERP manage Field Operations and Field Services?

Some ERPs offer very basic Field Operations and Field Service capabilities directly in the system, out-of-the-box. However, those capabilities typically fall short of what a mid-sized Construction company would need. We usually recommend our customers with complex Field Service requirements consider additional Field Service Management (FSM) and third-party solutions. Most importantly, any FSM or third-party solution implemented should seamlessly integrate with the core ERP.

How deeply does the ERP manage Project/Job Cost accounting?

Every ERP is different and offers varying degrees of Project/Job Cost accounting. Industry agnostic ERPs will have less embedded functionality than construction-specific ERPs. Most ERPs have some capacity to manage project cost structures; however, this often involves some manual work to carry over time and labor, material costs, etc.

As projects increase in complexity, most construction companies will turn to specialized Construction solutions or partners with deep industry expertise to configure the system for these requirements. Strong, robust Job Cost Accounting is essential for construction companies looking to make better decisions, bid more effectively, fairly price their projects, and efficiently allocate resources.

Does the ERP manage Inventory and Warehouse Management?

Each ERP offers varying degrees of functionality to meet inventory and warehouse management requirements. Basic inventory management capabilities often come out-of-the-box, but most ERPs require a separate Warehouse Management solution for more advanced requirements. If you go with a construction industry-specific ERP, more inventory and warehouse functionality may be embedded in the core ERP.

Do ERPs typically have a Construction-centric CRM built in?

No. ERPs typically do not have CRM built in, although many have native CRM solutions on their platform that can be optionally added on. For deep industry functionality, it is best to look at best-of-breed solutions or look to select a construction focused ERP with a strong ecosystem of applications such as CRM.

Real Estate & Construction ERP Vendors

ERP Advisors Group will help you not only define your requirements but more importantly, we will bake in the best practices for your Real Estate or Construction company into your Request for Information and Demonstration Script.

We conduct dozens of selections every year, equating to tens of millions of dollars in software and services sales.  With our deep knowledge of Real Estate and Construction ERP, we will help you find the right ERP for your company, AND the right professional services company to implement it. 

We regularly vet the top, most viable Real Estate and Construction ERP systems.

 

Let’s Get Started

Contact us today to start the conversation.