Choosing ERP for construction companies comes down to one question: can finance see what each job is really earning before it finishes? When costs, billing and payroll sit in separate systems, job margins show up after the fact. Lucentive helps contractors put job costing and billing in the ledger and connect the project tools around it.
Job costing in the ledger
- Costs, commitments and change orders recorded against each job and cost code.
- Progress billing and retainage tracked from the same records.
- Work-in-progress and margin reported by job, project manager and division.
Best fit for project and field tools
Project management, estimating and field time tools stay where your crews already use them and send their data to the ledger, instead of finance re-keying it at month-end.
Multi-entity contractors
Contractors often run separate entities for equipment, real estate, regions or joint ventures. Each sits on one ledger with shared dimensions, so consolidated statements and intercompany charges come from the system.
An honest starting point
The fixed-fee ERP advisory tests whether your current system can be fixed before recommending a new one, and the fee is credited if you go ahead.
Common questions
Do we have to replace our project management software?
No. Project management and field tools stay where your teams use them. The ERP takes the accounting side and receives their data, so job costs are not re-keyed.
Can the system handle retainage?
Retainage receivable and payable are tracked against each job and contract, so billing and collections show what is held back and when it is due.
How is work in progress reported?
Costs to date, billings and estimated cost to complete sit against each job, so over- and under-billing is reported from the books each month instead of a separate schedule.
Can equipment be tracked?
Equipment can be tracked as assets, with usage charged to the jobs that use it, so job costs include it.
How we work
- Assess: a fixed-fee advisory, usually two to four weeks, built from your actual close and ending in a recommendation you can act on.
- Implement: chart of accounts, integrations and data migration, proved by a parallel close before go-live.
- Support: the principal consultants who built the system stay on after launch.
Related services: ERP Data Migration Services, Post-Merger ERP Integration and ERP Consultant for Professional Services Firms. Or see all our ERP consulting services.