When you visit your favorite online retailer, the cost is right beside the picture. On a car lot, there’s a sticker price you can haggle from. Why can’t someone just tell you the cost to buy construction accounting software without having to talk to a sales rep? Here’s an honest answer.
Construction accounting software pricing varies based on:
- complexity of system
- business goals
- modules or feature sets
- and users
Complexity and Goals
The cost of construction accounting software depends first on the complexity of the system and your business goals. How much does a vehicle cost? Well, that depends on whether you want a sedan or a passenger bus — both can be great, as long as they fit the type of driving you do. Construction software can vary that much, from a best-of-breed base construction accounting system to a large all-in-one ERP package.
The market is full of really good systems that get the job done. There’s software designed for companies that do under $1 million in annual revenue, between $3 and 30 million, $50 and 150 million — even over $500 million! If you’re transitioning from a small-business accounting package like QuickBooks®, you’re looking to make a different purchase than a firm with $200 million in volume.
Modules and Users
So let’s say you’ve decided to make the switch from QuickBooks to a best-of-breed system to gain job costing, payables and receivables, construction billing, and prevailing wage payroll. On-premise systems can range anywhere from $2,000 up to $50,000 plus. Since cloud-based “SaaS” systems use a subscription model instead, monthly costs can be between a couple hundred and several thousand dollars per month. That’s still quite a range, isn’t it?
That’s because the cost is also determined by the feature sets available and any optional modules you add to the base system. Additional modules can include equipment management, inventory, document imaging or unit price billing, as well as project management features.
Finally, the estimate is tied to the number of “concurrent users” — in other words, how many people at your company will be working on the software at one time. A company with two users doesn’t require the same support as a company with 20 users, so most companies won’t charge the same. It also impacts the training hours you might need, what kind of training is required, and what change management issues can be anticipated.
The answer to how much construction accounting software costs isn’t simple, but the conversation to figure it out is. We want to take the time to answer your question by figuring out the best software solution for your company.
We want to know:
- what you do
- what your business looks like
- and what you want to do
Speaking one-on-one lets us make sure not only that we give you the right price but also that we help put you on track with the right software for your success.
Start the conversation with a live tour of FOUNDATION, led by one of our expert sales representatives.