iCloudAuthority ePortal for NetSuite
Back to products
Payference AI-Driven Cash Flow & Collections Management

Appficiency Construction

Status: Unverified

The appficiency construction bundle provides companies in various construction fields with an all-encompassing solution. We’ll set up all major functions from field to office, project to payment, estimate to change orders, and job costing retainage to AIA billing formats. Payroll and field application integrations come pre-selected for cost certainty, or we have new ones ready if a company requires an application and connection.

View on Suiteapp.com

Categories: , ,
Description

Key Business Functions

  • Project reporting – per project and project hierarchy, across segments/locations, and project types
  • Real time project costing across customer defined cost categories and revenue models
  • Daily project logs, Task Completion, and Billing Progress
  • Material purchasing, distribution and site-level material management
  • Change Order Management supported by multiple estimates
  • Holdback/Retainer for customer or vendor retainage
  • Revenue Management through customer-defined percent complete calculation

Key Benefits

Enhances the power of NetSuite by providing:

  • One system to manage and visualize all aspects of your business (from estimating to project management to billing)
  • Ease of managing complex billing and cost based revenue recognition processes
  • Simplified processes for project and financial based reporting
  • Monthly project budgeting and analysis down to the day

Typical Company Profile

  • Contractors: Residential , Institutional, and Commercial Building
  • Multiple Construction business landscapes: Specialized Industrial, Infrastructure, Engineering and Trade focused subcontractors
  • Land and Real Estate Development
  • Design, Architecture, and Engineering Companies
FEATURES

Job Management

  • Build on top of NetSuite Project Management and provide complete project, resource, revenue recognition, time, expense, materials, multi-subsidiary management  and financial reporting in a single package
  • Sophisticated billing and revenue recognition - including cost/material based progress
  • Project profitability - per project, rolled up across segments/locations, and project types
  • Real time project costing across all cost categories and revenue models

Bid & Receivable Management

  • Multiple Estimate and Change Order Management
  • Invoicing with Holdback/Retainer
  • Detailed Consolidated Invoices
  • Multiple Revenue Capture Options
  • Markups and RFQ bid process support
  • Task completion
  • Billing progress
  • Customer and Project Margin

Material & Labor Management

  • Enhances NetSuite's native reporting capabilities by providing:
  • Consolidated Reporting for Finances and Operations
  • Cost-based revenue recognition
  • Comprehensive and complete financial, statistical and job performance management
  • Budgeting to month and analysis down to the day

Finance & Accounting

  • Project Financial Metrics and KPIs
  • Vendor Management with Holdback/Retainer
  • Cost-based revenue recognition
  • Job Budget vs Actuals Comparison
  • Retainage - AP and AR
  • AIA Billing format

Visualization

  • Enhances NetSuite's native visulization capabilities by providing:
  • Financial transactions visualization across your project KPI
  • Graph values on a per-period basis... Graph averages, totals and more!
  • Combine metrics that make up your expenses and revenues and