Foundation ERP is an accounting-focused software solution for the construction industry, presented by Foundation Soft. It handles the end-to- end operations of constructions projects, including job posting, scheduling and project management. Foundation ERP is available both as on-premise and cloud-based.
Foundation ERP is extensive and has several options for job costing reports. Foundation ERP can calculate and track multiple jobs, rates, unions, states and project locations, and calculate job cost labor burden automatically. The solution provides a mobile-friendly platform to be accessed from the field. Foundation ERP is used by government, and industrial and commercial contractors irrespective of their size.
Some of the core modules of the solution are Scheduling, Document Imaging & Routing, Project Management, Fixed Assets, Unit Price Billing, Time & Material, Service Dispatch and Executive Dashboard.
Job Costing: Foundation ERP creates in depth budgets and incisive costs reports. This helps in evaluating job costing accurately as well as project profitability.
Payroll: In the construction industry, payroll is a complex process. Foundation ERP has you covered: it incorporates prevailing wage rates, adheres to the jurisdiction of many states, their taxes and considers union fringes too.
General Ledger: With Foundation ERP, it becomes very easy to track, monitor and manage general ledger without having to worry about sourcing details from different modules. The pertinent details are automatically pushed to the general ledger from the other modules.
PO/Subcontract: With Foundation ERP in place, there is no more ambiguity in the company’s expenditures. All spending and account for costs details are provided even before the costs are incurred.
Accounts Payable/ Receivable: Foundation ERP making managing accounts payable easy with user friendly tools that automate routine accounts payable tasks. Foundation ERP offers multiple billing formats to make the billing process easy. The billing workflow makes entering receivables and checking them out simpler and faster.
The availability of both labor reports and total job reports displaying remaining committed costs from the budget adds a layer of sophistication to project management.
Users may find it beneficial to invest time in understanding the diverse layers of Foundation Software to unlock its full potential. Additionally, exploring potential workarounds or integration solutions for other software may enhance overall efficiency.
The Average Wheelhouse score for the Accounting category is 8.1
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