Foundation Software Analysis
What is Foundation Software?
Foundation Software offers a construction payroll service that enables contractors to efficiently manage payroll across multiple jobs, localities, rates, and trades using a single timecard. The service includes features for online entry and approval of timecards through a mobile application, facilitating real-time tracking and management of payroll processes tailored specifically for the construction industry.
Location
Strongsville, United States, Ohio
Employees
201-500
Founded
1985
Industry
Construction
Website Url
YC Batch
W24
Product Features & Capabilities
- Job Costing
- Payroll Processing
- CPA Audit/Review
- Time Tracking with facial recognition and GPS location stamps
- Document Imaging & Routing
- Project Management
- Equipment Tracking
- Inventory Management
- Consolidated General Ledger
- Executive Dashboard
- Service Dispatch
- DataGenie™ Report Designer
- Mobile Accounting Applications (Foundation Mobile® and Service Dispatch Mobile®)
Pricing
Foundation Software's construction payroll services operate on a subscription-based pricing model, typically ranging from $1,200 to $2,500 per month. The exact cost depends on the number of users, selected modules, and customization levels. The essential features included are "Payroll" and "Job Costing," with additional modules available for enhancement. For specific package details and tailored pricing, it is recommended to contact Foundation Software directly.
Customer Success Story
Foundation Software's payroll service has received a mix of positive and negative reviews from customers. Many users appreciate the software's effectiveness, particularly in handling complex payroll processes, such as those involving unions and prevailing wages. Customers have noted that the payroll system is user-friendly and efficient, with one user stating, "FOUNDATION's payroll system is one of the best I have seen." However, there are also criticisms regarding the software's accessibility, as it is not web-based, which limits flexibility for remote users. Some reviews mention technical issues, such as bugs that remain unresolved and delays in customer service response times, particularly for payroll-related inquiries. Overall, the service has a solid reputation, with ratings around 4.3 out of 5 on various platforms, indicating a generally high level of customer satisfaction despite some areas needing improvement.
Other Considerations
Serves 43,000+ construction professionals nationwide; Recognized as a top construction accounting software solution by Capterra, GetApp, and SoftwareAdvice; Trusted by construction firms across the U.S.; Offers six months of training post-implementation; Integrates with ProjectHQ and other third-party project management tools; Patented facial recognition with real-time discrepancy alerts for time tracking
Key Features
- Automated Timecard Entry, Processing, and Calculations: The system automates payroll entry and calculations, allowing for multi-state, multi-union, and multi-trade timecards without reentering rates. Smart system defaults fill in timecard information with just a few keystrokes.
- Certified Payroll Software: It manages prevailing wage, Davis-Bacon, and union payrolls with automatic calculations, enabling easy creation of certified payroll reports for various agencies.
- Payroll Reports for Contractors: The software provides comprehensive payroll reports to ensure accuracy and compliance, including tracking workers’ compensation and creating W-2s for multiple states.
- Effortless Payroll Runs: The service manages direct deposits, printed checks, and wage garnishments.
- Simplified Taxes: Automated tax filings and year-end processing are provided to ensure compliance.
- Sync Accounting, HR & Time Tracking: Integration with accounting and time tracking systems to streamline employee management.
- Certified and Union Payroll Support: The service handles complex wage rules and compliance with government jobs.
Target Clients
Foundation Software primarily targets contractors in the construction industry who manage multiple active construction projects. Their payroll service is designed for firms dealing with complex payroll needs, including those with various prevailing wage, union, fringe, and tax rates across different projects. The service aims to help these contractors ensure timely and precise payroll processing while meeting certified payroll requirements.
