Labor shortages, rising material costs, and tightening margins are reshaping how construction companies operate.
With U.S. construction spending at $2.1 trillion and growing 4 to 6% a year, the firms that can’t connect field operations to their financials are already falling behind.
When field operations and financials don’t connect, the gaps compound fast: delayed AIA billing, change orders that slip through, and margin erosion that’s difficult to catch before it’s already done damage.
NetSuite brings project financials, AIA billing, job costing, and compliance into a single cloud platform, giving construction companies real-time visibility without the manual overhead.
Trusted by Construction Companies Like Yours
Piecing Together Field and Financial Data
Construction companies typically run on a mix of point solutions and accounting ERPs. Tools like Procore and Buildertrend are strong for project scheduling and field collaboration, but limited financial integration means job cost data has to be moved manually. Accounting ERPs handle the back office well but are often siloed from field operations and difficult to scale across multiple entities.
Spreadsheets and legacy systems fill the gaps between the two, but manually, and they’re a common source of errors in job costing, change order tracking, and AIA billing. With over 70% of construction firms already reporting difficulty hiring skilled labor, that manual overhead is exactly the work teams can least afford to keep doing by hand.
Project Financials, Billing, and Operations in One Platform
NetSuite connects the pieces that point solutions and legacy systems leave scattered.
- Project Financial Management Real-time job costing and margin tracking, budget-to-actual variance reporting, and multi-entity project consolidation.
- Revenue and Billing Native AIA billing and retainage support, automated revenue recognition, and progress billing tied to project milestones.
- Change Order & Contract Management Embedded approval workflows with full audit trails, connected directly to forecasts and billing so scope changes don’t get lost.
- Operations and Analytics Role-based dashboards for project managers, finance, and executives, mobile access for field updates, and advanced project performance reporting.
Custom IP Solutions for Construction
Construction workflows have needs a standard NetSuite configuration doesn’t fully cover. Caravel has built specific IP to close that gap.
Construction SuiteApp
AIA billing, project budgeting, and change order tracking often require stitching together spreadsheets and manual workarounds. This purpose-built solution automates AIA billing, provides project budget templates, and handles change order automation natively in NetSuite.
Integration Frameworks
Moving data between NetSuite and field tools usually means manual entry on one side or the other. Caravel's prebuilt integration frameworks connect NetSuite to field tools like Procore and Buildertrend, so job cost and schedule data flow between systems automatically.
Built Around How Construction Companies Operate
Every construction company has its own workflows, reporting requirements, and operational priorities, and Caravel’s consultants bring direct experience in construction finance and project management to make sure an implementation reflects that from the start.
With digital construction technology projected to grow at a 14% CAGR through 2030, the gap between companies running on connected systems and companies still reconciling spreadsheets by hand is only going to widen. Caravel helps construction companies close that gap with a NetSuite strategy built around the way their teams work.
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