See Clearly, Profit Greatly
Success Driven by Project Transparency
Real estate development spans three key stages of the life cycle, in taking an asset from thought, to paper, to paper signed: Pre-Development, Construction, and Funding.
This initial phase is focused on planning, site selection, and land acquisition. Pre-development transitions into construction, accompanied by funding initiatives throughout the development process.
CLICK TO FLIP
Pre-Development
Access past pre-development costs and update current project lines in real time.
Save time by eliminating cost reconciliation and archived, disparate filesystems. Spend more time looking ahead, not behind.
Enjoy concrete peace of mind, through more accurate cost-to-date recording and investment accuracy by eliminating version control issues, reducing formula error risks, and preventing data entry.
Development/ Construction
Professional-grade tools, for developers. Providing you real-time cost-to-complete forecasts at any project stage.
View your entire portfolio instantly with comprehensive project control.
Track commitments on every contract, together, in real time. Including original and revised values, amounts drawn to date, and retention.
Developer-oriented project reports and dashboards give you all the necessary data for critical decisions in an easily digestible format.
Save significant time in preparing loan draw requests, by custom category per lender. And you can track investors’ contributions/distributions per project, or overall position in your portfolio.
Versatile: Addresses all project types
Insightful: Forward looking Cost-to-Complete KPI’s
Accessible: Keep critical data at your fingertips, on any device
Empowering: Make better-informed decisions, faster
Proactive: Help your teams address issues preemptively with centralized communications
Collaborative: Connect internal and external project contributors as needed
Get all of the tools needed to plan, fund, develop, and finalize your projects, together in one “toolbox.” Acumatica’s unified platform empowers developers like you to streamline, clarify, and act more quickly. All leading to improved efficiency and profitability across your portfolio.
Commitment Management
Managing contractors and suppliers requires you to stay up-to-the-minute with commitments, draw requests, payments, change orders and retention. The system automatically calculates retention amounts as indicated in the contract and allows for an override. Contract management will track in detail:
- Original contract
- Potential contracts
- Change orders
Easily manage Purchase orders with a focus on quantities, unit prices and recording items received. You can track material commitments and payments on a per unit basis.
Loan Draw & Funding
Acumatica can save you significant time preparing loan draw requests that are adapted to the unique categories used by each of your lenders. You can select from cost items that have not been fully drawn and indicate full or partial requisition and automatically collate the vendor’s invoice pdf’s into one document.
Handle multiple loans, update approved loan draws, record cash receipts and automatically create and post general ledger journal entries.
Project Control
Gaining cost control requires automated over-budget monitoring. We provide for user-defined cost code structure and the system tracks your actual costs and compares them to the job budget. You get full visibility into all committed costs, potential commitments and change orders. Job cost and the general ledger are updated in real time when transactions are entered.
Acumatica prevents overpayment of contracts by checking for duplicate draw invoices and by not allowing a draw that exceeds the contract limits.
Financials & Reporting
Acumatica’s integrated real-time general ledger system provides complete portfolio and entity level financial reporting and supports simultaneous cash and accrual accounting methods
Our robust financial reporting offers a wide variety of standard and custom general ledger reports and features date sensitive ranges.
You can adjust previously closed accounting periods with appropriate access controls which relieves stress of period and year-end closings.
Job Cost Accounting
Monitor and manage project costs, commitments, fundings, and budget for projects using user-defined projects and cost codes.
Manage projects of any complexity across different project types and industries and roll costs up to financial reports.
Associate any document with a specific project for complete accounting for all activities, costs and commitments
Project Management
Gain greater control over your general contractor, vendor, or self-performed work with Acumatica Project Management.
Managing people, materials, and equipment while collaborating with stakeholders and addressing evolving challenges can quickly become overwhelming without the right business management tool. Acumatica Project Management provides the solution you need.
From a single source of truth, easily manage:
- Daily project activities
- Issues and changes
- Project documents
- Daily field reports
- Job costs
Access all this information from any device, streamlining your project management process and enhancing efficiency.