Set project budgets by category and track labour, materials, equipment and subcontractor spend against them as it is incurred. Budget vs actual comparisons update as transactions post, giving project managers early warning when a line starts to drift. 

Purchase orders raised against a project show committed spend alongside actual job cost, so forecasts reflect what each project has already signed up to. Finance and project teams can identify cost overruns early and see where every project stands without rebuilding the numbers in a spreadsheet.

Much of an EPC project’s spend is committed through procurement, so purchasing needs to connect to the project from the first request. The platform links purchase requisitions, purchase orders, receipts, and supplier invoices to the relevant project and line item. 

Approval workflows automate routing by value, project or entity, and subcontractor claims are matched against what was ordered and received. 

Procurement leaders can review spend by vendor and project, and finance can see the impact of each commitment before payment is due. Specialist engineering procurement tools can continue to run alongside it where needed.

Project transactions post to the same general ledger as the rest of the business, so your financial statements stay current without re-keying. The platform supports the billing arrangements common on EPC contracts, including milestones, fixed fees, and time and materials, and we design the set-up around progress claims where your contracts use them. 

Customer invoices are generated from project data, shortening the time between completed work and collected payment. Finance teams can monitor receivables, upcoming billing, and payables by project for earlier visibility into any working capital shortfall.

Role-based dashboards show revenue, spend and margin for each project as transactions are recorded. Project leads see how their work is performing today, finance drills from a summary figure to the underlying transaction, and leadership compares margins across the full portfolio. 

Forecasts can be revised as each project progresses, so margin pressure is caught while there is still time to act. With real-time visibility across every project, month-end financial reporting confirms what everyone already knows.

EPC firms often deliver projects through separate subsidiaries, joint ventures or regional entities. NetSuite unifies multiple entities and currencies on one platform, with a consistent chart of accounts, common approval workflows and shared reporting structures. 

NetSuite can automate intercompany transactions and consolidation, reducing the manual reconciliation that comes with closing multiple ledgers. Leadership gains one view across every project and entity, local teams keep the detail they need for statutory compliance, and back-office finance runs to the same standard in every market.