De-facto Standard in Construction Accounting
Representing the de-facto standard in financial and construction accounting applications in the industry, eCMS blends flexibility, dependability and superior performance. Accordingly, the eCMS browser-based interface allows for maximum accessibility of mission-critical information to those who need it, regardless of location. Real-time information is combined with core financial applications, advanced business intelligence and analytics, innovative content management, and unparalleled mobile capability. Hence your business can reduce costs by streamlining complex operations.
The functionality and evolution of the eCMS construction management software application suite were developed by listening to the needs of our customers and continually striving to exceed their expectations. Therefore, we have aggressively sought the counsel of leading construction companies in North America for input and viewpoint on improving business processes. Hence the direct result of that collaboration is eCMS. Industry leaders provide insight as to how our solutions can grow to meet the dynamic needs of the construction industry. So our goal is to know the desires of today's construction companies, surpass those objectives, and provide you with a technological advantage over your competition.
A Leader in Construction Financial Management
Our feature-rich financial management and construction accounting applications also allow you to take on any job regardless of size, location, or type. Further, you can manage multi-company, multi-division, and multi-department accounting, union and non-union payroll, and federal or private reporting requirements.
The eCMS Accounts Payable and Accounts Receivable are more than just paying your bills and managing collectibles. These construction accounting applications manage vendor terms, contracts and subcontracts, outstanding credit and cash flow. In addition, you can process EFT, ACH and payment card transactions. Since eCMS applications are integrated, you can manage your customer relationships while you analyze trends and forecast expenses and revenues.
General Ledger and Cost Accounting provide the framework to analyze profitability and report performance. You select the choice of your accounting methods while leveraging our business intelligence functionality for custom reporting and data mining.
Working hand in hand with our clients and partners, eCMS addresses all compliance and regulatory requirements. In addition, we support multi-currency transactions, provide online WIP reporting and manage different revenue recognition processes.
Since construction businesses are mobile and complete customized work in novel locations on a regular basis, eCMS construction accounting applications monitor a variety of unique categories of costs: travel time, mobilization costs such as packing tools and equipment, delivery of materials to the jobsite, and even clearing the jobsite of excess materials once a job is completed. With eCMS construction accounting software, you can implement cost-accounting methods that enable accurate tracking of your expenses to accurately project profit and loss.
By reason of eCMS is designed specifically for the construction industry, our construction accounting applications quickly became the de-facto standard for commercial contractors. As we not only help you manage job cost from start to finish, we keep you cash flow positive with fast and accurate progress and streamlined invoice approval processes. In addition, we simplify your payroll processing, help you meet regulatory requirements, and deliver real-time data in a various formats.
Financial reporting on an executive level and project level is essential for a construction company to stay afloat and thrive. Executive-level reports provide an overall picture of the company’s financial situation while project-level reports are specific to each individual job’s performance. Making sure the information is accurate and timely; along with using the reports wisely will ensure your company’s overall health and increase your company's potential for continued growth and profitability. The ability to immediately access business critical data through financial reports, dashboards and views is essential to meeting increasing demands for efficiency. Therefore, your profits and performance revolve around your ability to continuously evaluate and adjust your operational performance.
Executive-level reports provide a big picture of how the company is performing. Many times construction companies are only producing these reports when requested by the bank, auditor, or surety company. Executives should understand and review the following reports regularly.
eCMS construction financial reporting templates include, but not limited to: Income Statement, Balance Sheets, Trial Balance, Cash Flow Statements, Cash Flow by Jobs, Gross Profit by Jobs, Under and Over Billings, Accounts Receivable History, Accounts Payable Check History, Accounts Receivables Contract History, Subcontracts and Details, and Project Costing.
One of the most critical functions of a construction ERP solution is to capture, track, manage, invoice and reconcile costs. With eCMS, you can capture costs at defined intervals to identify potential cost variance and track these job costs on a regular basis throughout the life of a project. It also allows you to view up-to-date information on the current cost status, related to each job, at any point in time. You can calculate estimated cost at completion (ECAC) using actual, projected, or estimated numbers to account for a variety of scenarios. The Job Cost Inquiry allows users to view online costs and income for a job, at varying levels of detail (labor hours, labor dollars, material, equipment, subcontract, overhead, etc.) with the ability to drill down to the transaction level.
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eCMS Equipment Accounting application compares and tracks all of your fixed assets along with their location, maintenance and cost recovery. All of this is performed with our fully integrated eCMS application suite, so there is never a need for duplicate entry. You can create charge rates by equipment class, equipment number, and job. The application allows user to allocate shop overhead to equipment based on usage, repair hours or dollars. It provides a full location history and charge history, calculates depreciation with predefined or user-defined methods, and so much more.