Construction accounting software for contractors and builders
Gain better financial control of your projects with our cloud-based construction accounting and business intelligence software – built on 30+ years of job cost accounting experience.
Accounting and financials built for construction
Infor Construction is a cloud-based construction management and accounting solution that delivers timely information to make managing jobs more efficient. Contractors and construction organizations of all sizes, across all industry segments, rely on Infor Construction to monitor the performance and profitability of every contract. Compare estimates versus actual costs. Track percent complete, labor productivity, and manage cost commitments through purchase orders and subcontract relationships.
Take our 30 years of construction financial management knowledge to the cloud
Accelerate your business with a modernized approach; allowing your team to improve efficiency and make better financial decisions:
- Boost project cost tracking and financial operations.
- Enhance visibility and control of every construction project by monitoring work in progress, percent complete, change of orders and cash flow.
- Improve the economics of your operations with new and improved processes for labor collection, subcontractor performance, material costs, and job cost analysis.
Built for construction
Infor Construction offers rich functionality tailored to meet the unique demands of your industry
Improve critical business decisions
Flexible work breakdown structures and access to real-time job cost analysis enable teams to make proactive choices for day-to-day operations, respond swiftly to emerging challenges and take advantage of new opportunities.
Maximize visibility of accurate job cost information
Tracking of material purchases and subcontractor performance delivers an added level of detail to committed costs, giving a true understanding of cost-to-date and budget remaining for the job.
Take advantage of intuitive additions and capabilities
Multi-level reporting and drill-downs provide summary costs and revenue numbers - without the challenge of attempting to analyze data across several screens. Interactive graphical tools provide high-level job cost information for the corporate decision maker, all at a glance.
Eliminate redundancy and errors in labor time collection
Mobile Time Entry provides streamlined collection of labor time from the field, and easy data access for payroll.
Increase accessibility and security
True multi-tenant cloud-based environment with flexible deployment, secure protocols and business continuity through Amazon Web Services, a leading cloud architecture partner.
Streamline financial reporting, even across multiple entities
Seamlessly integrated construction and financial management delivers easy reconciliation, comprehensive financial statements and profit and lost analysis, giving you better visibility of the financial health of your business.
Real-time financial control
Fully integrated financial solution, providing detailed information about each job’s progress and financial stability as well as a full picture of the company’s overall profitability.
- On-demand, centralized data with role and user-based secure access
- Simultaneous cash and accrual-based accounting and different accounting periods for multiple entities
- Real-time insight into operational billings, cash receipts and expenses
- Streamlined auto-posting to the GL, automatic processing and multiple audit controls, direct-to-vendor ACH payments via accounts payable
Accounting built for construction
Scalable operations and features designed to support the specific needs of the construction industry.
- Collect costs for jobs using standard work breakdown structure and cost codes tailored to your business
- Compare estimated vs. actual cost, commitments, subcontractor performance, labor and materials, and cash position, helping to avoid cost overruns and ensure that jobs finish on or below budget
- Monitor purchase requisitions with budget stipulations, unit costs, approvals, material received and vendor payments
- Manage subcontract agreements and work to be performed, including change orders, insurance certifications, lien waivers and retainage
- Utilize multiple billing methods: free form, cost plus, contract, and progress billing (including AIA), as well as time and materials
- Capture further financial details relating to inventory and company-owned equipment usage
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