BOOST 360. THE BMP FOR SERVICE DRIVEN BUSINESSES

NetSuite’s unique approach to managing your GL through meta‑tags also means that you will be able to get granular insights into your business projects, and overall financial performance as pivot this information by departments, locations, projects, project types, clients or any custom segment that you define in the system.

Boost 360 Construction Services allows businesses to manage retentions, project cost allocations such as labour, subcontractors and materials as well as advanced project accounting reporting. ProScope also adds advanced project budgeting functionality to allow you to track committed costs and costs to complete.

NetSuite comes with a wide range of standard and customisable reports to help you gain better visibility over your financial position. With over 70 built-in reports, NetSuite supports growing construction services businesses by giving them access to role-based dashboards that are designed to provide real-time information across all accounting operations.

Construction services businesses are usually made up of a number of individual entities. NetSuite gives you the ability to manage all subsidiaries in a single database, with the ability to automate intercompany trading and consolidation reporting. NetSuite also supports multi-country/currency group hierarchies and is designed to simplify managing multiple companies.

NetSuite provides on platform fixed asset management functionality including creating, depreciating and disposing of assets. In addition to this, you are able to manage leasing or finance information, maintenance schedules and create compounded assets from individual components.

Boost 360 Construction Edition includes an Australian/New Zealand specific NetSuite single touch payroll compliant solution. Employees will be able to enter their timesheets directly into NetSuite, allocate time to specific projects and project tasks and access all employment and payroll information through an interactive employee centre. Payroll can then be processed and ABA files generated to ensure pay runs are smooth and on time.

NetSuite and ProScope help you to effectively track and allocate resources, specific or generic, by defining multiple booking types and allocate by specific timeframes to provide in-depth visibility. You can also automate resource utilisation reporting, and set up live dashboards to help you understand in real-time what is happening in your business.

With Boost 360 Construction Services you will be able to effectively manage RFQ’s and vendor communications, choose a prefered vendor/subcontractor for projects, manage ordering and delivery timeframes and sign-offs. Because you are working in a single platform, project profitability reporting is real-time.

Enter time and expenses against projects and specific project tasks. This information flows through to the accounting and payroll modules to automate project reporting and payroll processing. Employees will also be able to raise purchase orders against a project with full approval processes in place.

Centralise all project information including task and milestone completions in order to provide a streamlined way to bill customers in line with your contracts. NetSuite supports multiple billing methods including time and materials, progress claim billing, cost plus billing and ad hoc billing.

Proscope’s job cost reporting enhancements make NetSuite the ideal solution for project accounting and financial reporting and job cost reporting. You will be able to manage cost codes and phase codes in order to get real time information as information is entered into the system regarding labour, materials and subcontractors.

Our built-in reports provide a solid starting point for project reporting. These reports are also able to be copied and customised to include any information you require, such as budgets and variations. These reports are also able to be further filtered to give you valuable insights into your project performance, KPI’s and profitability.