Construction companies are often masters at spinning many plates at once – it’s the nature of the industry. A purpose-built construction ERP software solution brings together many facets of your construction business: workforce planning, project management, supply chain management, HR and payroll, finances, customer management, legal and regulatory compliance, machinery health and much more, to give you a holistic view of your operation. Once all of the data is in one place, construction management software can collate the data into real-time, flexible reports that are always ready-to-go. By making use of automation features, labour hours can be freed up and inefficiencies cleared up, making your operations much more agile.

How ERP Solves Construction Pain Points

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  • Improper planning processes

    One of the most common reasons for a construction company to fail is poor planning. Dealing with clients, suppliers, subcontractors and architects, construction companies need to effectively coordinate with all these entities to survive. Errors such as misinformation, improper resource allocation and many more can cause substandard completion of a project. ERP software designed for your construction industry makes project planning easy.

  • Reporting & Real-Time Visibility

    Construction managers have to monitor multiple ongoing projects and map out various actions in case of any discrepancies. The inability to access a consolidated view across multiple clients, jobsites, projects, currencies, etc., in real-time can cause significant delays and make reporting cumbersome and tedious. With real-time information, operations become more agile and diligent project management is the default.

  • Integrations

    To be a construction company who delivers successful projects on time, your business functions need to work simultaneously. Struggling with data and transactions in multiple systems can prevent you from effectively managing all your projects and data. Construction companies need easy integration tools to consolidate data and gain a real-time view across the organization. Multidirectional integrations within a ERP for construction ensures no data silos exist.

  • Multi-Entities Management

    As a construction company, it’s likely you deal with multiple clients, customers and stakeholders. Sharing large amounts of data across multiple departments is inefficient. The inability to manage multiple entities efficiently and effectively due to differing systems and/or manual processes can bury your company. Multi-entity management can solve these inefficiencies and is a core feature of an ERP.

  • Dated technology and High IT Costs

    The construction industry is extremely slow at adopting new technologies. Failure to invest in technology ironically causes higher IT costs and management with outdated technology, managing multiple IT systems, software, applications and staff across the organization. Technology is going to be a critical component of all construction projects and companies that continue to underinvest in these tools won’t have the competitive edge to survive in this rapidly changing industry. Leveraging the tech that’s available to you can help you see great gains.

  • Compliance/ Audit Trails

    Audits and regulatory compliance represent a major challenge for the construction industry. Auditing is too long and expensive; and an audit trail is not sufficient. The number of regulations are extensive that range from the health and safety of employees to the legality of construction contracts. The larger the company the larger the consequences if you are not prepared. Collection and categorization of data in an ERP makes suditing easy.

The Benefits of ERP for Construction

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  • Optimize Project Management

    Construction projects involve managing supplies, inventory, assets, and resources; there are lots of moving parts. A modern ERP system has the ability to track and store data to generate accurate analysis of raw materials, resource utilization, architectural design and much more to optimize project management. Role-based access control allows authorized users to seamlessly get information from anywhere to easily monitor the status of projects, create milestones, delegate assignments to ensure a smooth and successful project.

  • Revenue Estimation

    As a construction company working on a contractual basis with clients, it is important that you can determine accurate estimations for raw materials, designs, labor, and the duration to carry out a project. Having a construction ERP system allows contractors to see how much profit or loss they make from each project, allowing them to manage time and costs for future projects.

  • Reduce Costs

    An ERP solution can act as one platform for accurate and real-time information that helps reduce administrative and operations costs. Capture all the relevant information to make processes easier with high levels of confidence. Determine the most effective ways to utilize your workforce, inventory and equipment for every project resulting in reduced waste and brings considerable savings over a period of time.

  • Simplifying the Exchange of Information

    Handling more than one client at a time is not uncommon for a construction company. Having the ability to easily exchange data can eliminate tedious and confusing information exchanging processes. A modern construction ERP system ensures efficient data sharing with role-based security measures for both customers and workers. In addition, the inclusion of business intelligence tools allows for dynamic analysis of real-time information that can be easily interpreted by different stakeholders.

  • Real-Time Project Tracking From Anywhere

    Construction managers monitoring multiple projects, with an advanced construction ERP solution, can gain access to reliable analytical reports from real-time data. Use one system across project sites and multiple business entities, including projects spanning multiple countries and currencies. Help reduce risk as well as improve the efficiency of work with modern technology.

  • Improved Decision-Making

    Gain a centralized system that helps improve efficiency by providing a comprehensive view of a particular situation prior to making decisions. Integrated ERP software allows managers to correlate information from different sources, process it and sort according to criteria and then provide relevant insights for more effective decision-making.

Construction Industry Resources

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