Today, the construction industry demands visibility, simplicity, and adaptability to navigate its complexities effectively. In the intricate realm of construction project management, where precision and efficiency are paramount, TimeSuite steps into the arena as the first and only system to comprehensively automate the Percentage of Completion method of accounting—a testament to its commitment to innovation and efficiency. This method becomes particularly crucial for contractors seeking a seamless integration of accounting and project management, a challenge often encountered in the construction domain.
TimeSuite Software Corporation stands as a pioneer, offering an innovative Enterprise Resource Planning (ERP) solution that redefines the landscape for contractors. Founded with a visionary perspective, TimeSuite addresses the nuanced challenges of the construction industry by providing a comprehensive and scalable ERP system tailored to meet the evolving needs of businesses in this dynamic sector. TimeSuite’s roots trace back to a Construction-Specific CPA firm, bringing together the expertise of accounting and information technology to create a holistic product. Eric Malouff, the CEO of TimeSuite Software Corporation, emphasizes the significance of their solution in redefining construction site management—a testament to their keen understanding of industry nuances. “TimeSuite’s comprehensive project management and accounting solution for the construction industry accomplishes simplicity with a set of features including customizable grids, dialogues, tabs, scheduling, kanban and file facilities. The system has an ability to turn on and off features, grids, fields, facilities, menu items and tabs in alignment with customer needs,” explains Malouff.
TimeSuite’s ERP solution is more than just a software; it is an automated construction tool that streamlines operations and enhances project management. It employs the Percentage of Completion method of accounting to drive profitability by projecting job statuses. The platform boasts an automated audit trail, seamlessly combining the ease of QuickBooks with what TimeSuite believes to be the most comprehensive ERP in the market. This sophisticated approach ensures a congruent and seamless product, setting TimeSuite apart in the construction project management landscape.
The solution’s automated features include over/under billings, accrued wages, and projections logs for the Summary of Contracts (SOC). These functionalities, coupled with on-screen take-off, estimating, doc control, drawings control, task management, Kanban boards, scheduling, timecard capture, and file/image management create a powerful suite for construction project teams. Additionally, provides automatic updates to schedules for enhanced coordination.
TimeSuite’s mobile app delivers a comprehensive interface and feature set to the field. Not an afterthought, it’s mobile app shares 80% of the code base, and delivers 95% of the web and desktop features.
Over the last two years, TimeSuite has significantly deepened its stride within its scheduling facilities, and is working on expanding Gantt resource planning and Pro Forma projection features.
TimeSuite’s cutting-edge cost control features provide job status projections, committed costs control, approval workflows and extensive visibility through drill-down functionality. The platform’s burden utility grid facilitates retro-active over/under-allocation of indirect costs, a critical aspect for accurate burden/loaded labor rate reporting. The Summary of Contracts Log Grid ensures accountability by offering a historical perspective on the project’s impact on financials.
Founded based on a normalized relational database concept, TimeSuite’s journey involves continuous innovation and refinement of its core interface architecture. In 2011, the company undertook a significant rearchitecting process, culminating in a perfected interface/front end core. Coupled with normalized relational database/backend architecture, the perfected interface core forms the backbone of its ERP solution. With a retooling initiative in late 2017 using Google Dart and Flutter, TimeSuite’s perfected core facilitated the buildout of web and mobile apps, underscoring its commitment to staying ahead of technological trends.
With TimeSuite’s architecture, everything is accessible from anywhere, as long as there is a logical tie. Any menu item can become a tab within any dialog as long as there is a logical tie. “TimeSuite doesn’t look like any other system on the market. It truly reflects a new breed of systems.” With its perfected core, efficient code base, and web/mobile app capabilities, TimeSuite is positioned as a formidable player in the ERP space for construction project management.
In fact, the TimeSuite Software Corporation’s profile is not just a narrative of a software company; it’s a saga of redefining an industry through innovation, collaboration, and a relentless pursuit of perfection. As the construction landscape evolves, TimeSuite stands as a beacon, orchestrating a transformative symphony in the dynamic world of construction project management.
Company:
TimeSuite
Management:
Eric Malouff, CEO
Quote:
“With TimeSuite’s architecture, everything is accessible from anywhere, as long as there is a logical tie. TimeSuite doesn’t look like any other system on the market. It’s truly reflects a new breed of systems.”
