COMPLETE CLOUD ERP FOR CONSTRUCTION
MYOB Advanced Construction ERP utilises and enhances core features within the MYOB Advanced Business Cloud ERP solution to deliver a fully integrated construction financial accounting solution. With the additional features provided by the construction suite, the solution expands from being more than just construction financial accounting to incorporating strong construction project management functionality.
“Great experience working with the sales team. You guys did a great job presenting your product and being honest about its capabilities. I liked how you were not afraid to talk about competitor options either both positive and negative benefits. You did a good job of outlining the ERP establishment process and didn’t over-promise.”
Construction Management Features
- Financial Management
- Inventory & Distribution
- Customer Management
- Project Accounting
- Project Billing
- Project Timesheets
- Job Costing
- Change Orders
- Daily Field Reports
- Reporting, dashboards and data analysis
- Mobile Applications
Full suite of financial and budgeting features and reporting including general ledger, support for multi-currency and multi-company, fixed asset management and managing and understanding your cash position with cash flow forecasting and reporting.
Features within Financial Management include:
• General Ledger
• Accounts Receivable
• Accounts Payable
• Cash Management
• Currency Management
• Bank Feeds.
INVENTORY & DISTRIBUTION
Maintain detailed information on your inventory including supplier codes, barcodes, and cost and sell pricing history. Track inventory levels and costs across multiple warehouses and locations.
Features within Inventory and Distribution Management include:
• Location Management
• Sub-Items and Matrix Items
• Physical Inventory
• Pricing, discounts and promotions
• Kitting and Disassembly.
Integrated Customer Relation Management (CRM) system for managing leads, contacts, opportunities, and customer accounts.
Features within Customer Management include:
• Sales automation
• Integrated marketing
• Service and support automation
• Customer self-service portal.
Visit our Customer Management Page for Demonstrations
Manage budgeting, inventory, change orders, timesheets, billing, profitability, and reporting for individual business initiatives. Projects are included in company-wide financial reports with full multi-currency support.
Features within Project Accounting include:
• Project cost tracking
• Advanced billing
• Time management
• Advanced expense management.
MYOB Advanced offers a comprehensive project management solution that includes timesheet tracking. With project timesheets in MYOB Advanced, you can easily track hours worked by employees on specific projects and tasks. Timesheets can be created and submitted by employees through an online portal, and supervisors can review and approve them in real-time. The system also offers customizable approval workflows, which means that you can set up different approval processes based on project, department, or other criteria. In addition to tracking hours worked, MYOB Advanced can also help you manage project budgets, expenses, and billing. By using project timesheets in MYOB Advanced, you can gain greater visibility and control over your projects, which can help you improve your overall project performance and profitability.
Advanced Construction contracts links between contract details and tasks in the project plan including all change orders ensuring project forecasts and profit stays up to date.
Budgets directly link to contracts, accounting, and the project plan for managing hard and soft costs, change orders, profits, overheads, and fees in real time.
Advanced Construction captures labour, material and equipment costs from any device providing instantaneous updates to keep project management and accounting in sync to provide real-time visibility of your cashflow.
Control changes of the project budgeted and committed values, and the profitability of every change initiated by a customer. The change order is a document for profitability analysis and an audit trail of changes to the project revenue budget, commitments, and budgeted costs. Drop-ship workflows connected to change orders improve business workflows while allowing users to manage change orders easily and ensure work in progress accuracy.
DAILY FIELD REPORTS
Streamline field management and ensure everyone is looking at the same information, from subcontractor updates, job site visitors, issue and change tracking, and even job site weather updates. Daily Field Reports are the key to compliance and knowing who has been and what is happening on the job site.
For both accounts receivable and payable, manage initial retentions and any changes to streamline invoicing and payments. Retention tracking is supported for progress billing and time and material billing of projects. Plus, project cost commitments are calculated with respect to retainage in purchase orders.
Manage insurance, certificates, and status updates, providing expiration and other alerts to staff and suppliers.
REPORTING, DASHBOARDS AND DATA ANALYSIS
Gain greater insights into your business with self-service tools. Generate reports, customise dashboards and analyse trends easily and in real time. Access a collection of reporting and analytics resources so that you can make insight-driven decisions and view the health of your company at a glance.
Reporting features include:
• Access over 250 reports across
MYOB Advanced Business and create or modify any reports for a variety of roles and purposes
• Use Generic Inquiries to easily extract the data you need and make it available to multiple reporting and analytics applications
• Use Business Intelligence tools such as Power BI
• Create customised dashboards to display essential information.
Capture time, expenses, project issues, change requests and more. Productivity will increase making your construction projects run even smoother.
Access MYOB Advanced anywhere, at any time, with easy access via a web browser, or use the MYOB Advanced app for iOS or Android.
Support for multiple unions, locals, classes, benefit packages, and complex wages, as well as certified wages and executive compensation.
If you're looking for a comprehensive ERP solution for your construction business, look no further than MYOB Advanced.
With features such as project management, job costing, payroll, and more, MYOB Advanced can help streamline your business processes and improve your bottom line. Contact us today to learn more and schedule a demo.