Top 7 Cloud-Based ERP Accounting Solutions for Construction Companies

Premier Construction Software

Looking for a cloud-based construction accounting management that ties financials to project data in one place. Premier centralizes AP, AR, GL, job costing, WIP, and bank recs in a single system, accessible from anywhere. 

It supports real-time job costing with interactive drilldowns, automated WIP calculations, and forecasting to keep projects on track. AP is streamlined with AI invoice capture, routed approvals, and commitment matching, while progress billing and retainage controls support construction workflows. 

Role-based security, approvals, and audit visibility protect data and processes. OData and API options connect live data to analytics tools so financial reporting stays current. 

Premier Construction Software Overview

• Centralized financials for AP, AR, GL, job costing, WIP, bank feeds, and drilldowns from dashboards to transactions, all in one cloud system.
• AI-assisted AP with invoice capture, coding, and routed approvals by job and threshold, plus commitment matching to reduce errors.
• Real-time job costing and automated WIP with forecasting and cost-to-complete to monitor margin and cash flow.

Premier Construction Software Compliance Capabilities

• Role-based access, segregation of duties, and period controls to restrict edits and support reviews.
• Audit trails across key actions, plus approval workflows that document who approved, what changed, and when. 
• Multi-currency and tax support for construction, including regional tax handling and lien waiver management tied to invoices and payments.

Premier Construction Software Integration Options

• OData and API connections to stream live data into Excel or Power BI for customizable financial and WIP reporting.
• Integration partners across AP payments, AR automation, payroll, scheduling, workforce, and data warehousing to reduce manual entry.
• Field-to-office flows and mobile access so time, costs, and documents post to jobs in real time for a single source of truth.

NetSuite

NetSuite cloud-based ERP software combines standard financial management with project-level cost tracking. This makes it an excellent choice for construction firms that need unified data management.

NetSuite Platform Overview

NetSuite stands out by uniting all construction transactions in a single database. Your general ledger, job cost ledger, and cash flow forecast automatically update with every field purchase order and retainage release. 

The system's main features include:

• Job-cost structures built for proper expense allocation
• AI-powered anomaly detection that catches errors quickly
• Mobile time capture for field personnel
• Financial reports you can access from anywhere

Daily productivity increases by hours when users stop updating spreadsheets. The pricing model uses subscriptions that cover the core platform, optional modules, and user licenses. A one-time implementation fee applies.

NetSuite Compliance Capabilities

Construction businesses must meet complex compliance requirements. NetSuite helps by automating revenue recognition to meet ASC 606 standards. 

The system handles multiple project pricing models at once, including:

• Unit price contracts
• Cost plus agreements
• Time and materials billing

Companies can maintain accurate financial reports for different project types without creating separate processes for each.

NetSuite Integration Options

NetSuite's extensive API integration capabilities connect with popular construction applications. The system works naturally with Procore for project management. Users can access various third-party integration options through the SuiteCloud platform.

NetSuite serves as a digital hub for all your accounting needs, eliminating the need for disconnected spreadsheets in construction companies.

IFS Cloud

IFS Cloud brings together ERP, EAM, and FSM capabilities on a single platform designed for construction companies that need precise financial control. This AI-powered solution creates value through its industry-specific approach.

IFS Cloud Platform Overview

Construction businesses can choose specific capabilities they need with IFS Cloud's flexible architecture and scale their operations naturally. The platform smoothly combines finance, supply chain, asset, and project management into a single system that delivers:

• Project lifecycle control from design to maintenance
• AI-powered analytics to predict trends and optimize operations
• New features twice a year with monthly updates that don't need system rebuilds

Construction companies looking for specialized accounting solutions will find IFS Cloud's real-time financial tracking perfect for managing tight profit margins.

IFS Cloud Compliance Capabilities

IFS Cloud's built-in tools detect conflicts in duty segregation. The system keeps detailed audit trails of user actions and system changes. Construction firms can meet SOX and other regulatory requirements easily.

IFS Cloud Integration Options

IFS Cloud's features work through open REST APIs. The OData programming model makes data exchange faster between integrated systems. The platform's pre-built Procore integration connects back-office functions with field operations. Teams get up-to-the-minute data synchronization to make better decisions.

Epicor ERP

Epicor ERP helps construction companies manage complex projects with precision. The platform serves as accounting software that gives construction companies complete visibility of their operations.

Epicor ERP Platform Overview

Epicor combines everything in construction operations, like multi-project tracking, advanced production, and supply chain management into one central system. 

The platform gives you:

• Cost estimates that eliminate surprise expenses
• Live data to get useful insights about project progress
• Smooth project management from planning to execution
• Complete financial tools with job costing capabilities

‍

The system lets you see costs and revenue at both the Work Breakdown Structure (WBS) level and company-wide. You can even track multiple projects simultaneously.

Epicor ERP Compliance Capabilities

Epicor helps you meet regulatory requirements through advanced documentation management and change tracking. The system has built-in tools that spot conflicts in duties segregation. Your business stays aligned with construction standards. On top of that, audit logs track all user actions automatically. You'll always be ready for audits.

Epicor ERP integration Options

You can access every Epicor feature through REST APIs. This makes system integration simple and direct. The platform's open architecture lets you connect it easily with popular construction applications. 

This works great if you need complete accounting for construction companies solutions. The platform also works both ways with Microsoft Project. Project managers can use tools they know while keeping data consistent across systems.

Infor CloudSuite Industrial (SyteLine)

Infor CloudSuite Industrial (SyteLine) emerges as a powerhouse that helps construction businesses simplify their financial management. The system streamlines complex manufacturing processes effectively for discrete and process manufacturers alike.

Infor CloudSuite Industrial (SyteLine) Platform Overview

Manufacturers will find everything they need in this standard package. The solution combines advanced planning with material management and financial tools. 

The platform's key features include:

• Inventory sourcing and procurement capabilities
• Production planning with finite capacity scheduling
• Multi-site and multi-warehouse management
• Support for manufacturing modes of all types (ETO, MTO, MTS)

‍

Companies that use this construction accounting software report remarkable results: 30% better employee efficiency, 99.99% inventory accuracy, and 98% on-time delivery. The April 2024 updates brought advanced job picking, a new financial report writer, and enhanced 3D product visualization.

Infor CloudSuite Industrial (SyteLine) Compliance Capabilities

CloudSuite Industrial's financial strength comes from its adherence to both GAAP and IFRS requirements. Users can access critical information quickly through tailored dashboards and get all the essential financial reporting tools.

Government contractors will appreciate the platform's credentials - it has maintained FedRAMP authorization since 2018 and uses AWS GovCloud. The system helps organizations achieve various CMMC certification levels while meeting ISO-27001, NIST 800-53, and ITAR standards.

Infor CloudSuite Industrial (SyteLine) Options

This construction accounting solution provides open APIs that make every feature available. 

The system integrates seamlessly with:

• Microsoft Office with extensive Outlook integration
• Microsoft Excel for direct exports and imports
• Microsoft Power BI for advanced analytics
• Adobe for PDF conversion

Organizations can choose between cloud and on-premise deployment based on their specific needs.

PLEX ERP

Plex ERP provides cloud-based accounting software that combines ERP functionality with Manufacturing Execution System (MES) capabilities for construction companies. The platform connects operations at every level, from plant floor activities to executive decisions.

PLEX ERP Platform Overview

Plex distinguishes itself through its ability to provide complete visibility of your production lifecycle by connecting front-office and back-office operations. The cloud-based system eliminates the need for client installation, and users can access it securely through any browser.

Key features include:

• Financial management tools with accounts payable, receivable, and general ledger modules
• A tax management system that handles multiple tax types
• Asset tracking capabilities with depreciation scheduling
• System reliability with a 99.9% uptime guarantee

PLEX ERP Compliance Capabilities

The platform reduces risks with robust compliance tools designed specifically for manufacturing. Data protection comes through multi-layered security and encrypted storage. 

These measures safeguard sensitive financial data for accounting for construction companies.

PLEX ERP Options

The system's extensive integration capabilities work through industry-standard APIs. Users benefit from:

• Continuous connection between shop floor and top floor operations
• Regular updates that users can choose to implement
• IoT sensor integration for enhanced visibility
• Adaptable architecture that supports business expansion

Plex ERP delivers immediate benefits while positioning your construction business to grow.

Rootstock Cloud ERP

Rootstock Cloud ERP runs on the Salesforce Platform and connects front and back-office operations. Construction businesses use it to get complete financial oversight. The native integration gives you a single view of your company and makes workflows efficient by removing data silos.

Rootstock Cloud ERP Platform Overview

Rootstock serves manufacturing, distribution, and supply chain companies of all sizes. The platform combines accounts receivable, accounts payable, and the general ledger in one system. 

This gives businesses the immediate financial data they need to adapt quickly. The sort of thing I love is its low-code technology - users can customize the interface, create custom processes, and build mobile apps without touching the core code.

Key capabilities include:

• AI-powered analytics through Einstein to get predictions and insights
• Full finance visibility with planning and analysis tools
• 360-degree view of customers, vendors, and products

Rootstock Cloud ERP Compliance Capabilities

Rootstock uses Salesforce's high-security measures and maintains SOC 1 and SOC 2 compliance. This matters a lot to construction companies that face strict regulatory requirements.

Rootstock Cloud ERP Options

The platform comes in three pricing tiers: Growth at $100/user, Advanced at $145/user, and Enterprise with custom pricing. You can connect it easily with other Salesforce applications through AppExchange. The platform started with small and medium-sized businesses, but now serves larger enterprises like AAA and USDA.

Final Words:

Selecting the right ERP comes down to fit. Confirm that job costing mirrors your codes, WIP aligns with policy, and progress billing supports your contract types. Look for strong approvals, detailed audit logs, and role-based access. 

Prioritize integrations that remove duplicate entries and keep field data current. Favor live reporting over static exports so leaders can spot margin risk early. Each product in this list offers clear strengths. Match those strengths to your size, trades, and processes. 

A careful choice improves cash flow, shortens billing cycles, and gives your team cleaner numbers with less effort.