for the Fabrication Industry
The fabrication industry is increasingly complex, between manufacturing items and construction of projects, businesses are relying on new processes to deliver products to customers on time and within tight budgets. In recent years, fabricators have faced many new pressures, from declining profits to accounting standard changes. Knowing this, many are finding that they can take control of their business with accounting solutions and ERP tailored for them.
The Fabrication Industry
Companies in the fabrication industry have a wide variety of unique needs. With so many different products and processes included in this industry ranging from simple to complex, repetitive to bespoke, and small to large, fabricators often need a custom solution.
What Should Fabrication Businesses Look for in ERP?
Those in the fabrication industry have unique needs—a combination of manufacturing and construction. Specifically, a system with project management, materials planning, and contracts, and often needing more than a traditional manufacturing-focused ERP can provide. Read more on how a modern Cloud ERP is robust enough to bring everything together and flexible enough to handle necessary integrations for companies in your industry, and intuitive enough to the rapid changes to your business.
Acumatica for Fabrication: Taking Businesses into the Future
Acumatica is a powerful solution designed for businesses in the fabrication industry who need the flexibility to handle rapid contract and schematic changes, control over revenue recognition, and so much more. Designed to integrate with a wide variety of other applications—both in the Acumatica ecosystem and beyond.
Acumatica gives your fabrication business the power to manage everything from manufacturing to construction while handling all aspects of project accounting; such as, budgeting, inventory, change orders, time sheets, billing, profitability, and reporting for individual business initiatives.
Key Benefits of Acumatica for Fabricators include:
5 Easy Steps to Job Costing
You can’t compete for new clients unless you can produce accurate estimates. And you can’t produce accurate estimates until you’ve mastered manufacturing job costing. But job costing is typically a long and complex process. What can you do to simplify it? View the smart way to streamline project accounting for your manufacturing business.
Need More Features?
Depending on your specific business, some fabricators may need to leverage more unique features of the construction industry, taking on additional processes including prevailing wage, retainage, and subcontracts.
Manufacturing’s Competitive Needs and ERP Flexibility
Small and midsized manufacturers have an advantage against larger companies: their flexibility. If you find that your company can change processes, manufacturing techniques, product designs, and production volume more quickly than many of your rivals, don’t lose that competitive advantage.
Instead, find manufacturing business software that gives you the same advanced functionality the “big guys” are using without the cost and complexity. Find out how in a new white paper from Acumatica.
ERP and the Mid-Sized Manufacturer
“Technology adoption does have a dramatic impact on your company’s bottom line….Rest assured that all of these technologies will impact any and all manufacturers sooner or later – and the odds favor sooner.”
When should mid-sized manufacturers invest in new technology—and how long can you wait until you’re left behind? This paper will provide background on the full spectrum of technologies currently significant to manufacturing, as well as strategies on how and when to reap the benefits of adopting emerging technology.
Learn More: Crestwood and Acumatica
As a top Acumatica Partner, we have the in-house resources that can make Acumatica work for you. Crestwood was awarded a position in the first-year Acumatica President’s Club for 2018 and voted Acumatica Partner of the Year for two years in a row.
Whether you need Acumatica Project Accounting or Construction Edition at your fabrication business, we are one of the few vendors trusted to deliver both solutions. If you are ready to learn more about driving your fabrication business forward with the power of Acumatica, we invite you to learn more about our work and contact us here.
Software Checklist: Compare Different ERP Systems
Certain fabricators have very specific needs—and choosing the right ERP to fit your business can be a challenging task. There are many products to choose from and they all seem to have the same or similar functions. Use our evaluation checklist to quickly compare your top ERP choices side-by-side.
This checklist will help you:
- Get more value from your construction management system.
- Compare features and benefits across five key categories.
- Avoid wasting money on functionality you don’t really need.
- Minimize the risk of your ERP implementation.
- Find a solution that boosts productivity across your workforce.