Though not entirely new around the block, Construction ERP software have been in the spotlight and causing so much buzz in the global construction industry. If construction ERP software is alien to you or you are yet to wrap your mind around it, not to worry because we have got you covered. Construction ERP software is regarded as a specialized enterprise resource planning system that is built to meet the unique or specific needs of companies in the construction industry.
The system seeks to address issues or challenges faced in different facets of the constitution industry, such as the management of both general contractors and subcontractors, construction financial management, construction accounting, service operations, and of course, payroll processing.
What ERP modules are for construction companies?
As we mentioned earlier, the construction ERP software is a robust system that caters to the needs of construction companies across different sectors of the construction industry.
In addition to the modules contained in the construction ERP software we mentioned earlier, here are other areas where the system comes in handy;
- CAD interface
- Service fleet asset management
- Logistics and transport
- Complex workforce management
- Workflow processes
What are the benefits of construction ERP software in the construction industry?
The construction industry is a highly competitive space, and stakeholders are in constant competition to stand out from the crowd. In the bid to be the best, construction companies must take advantage of every material resource that’s at their disposal.
They must also ensure a high degree of flexibility in project management to keep them at par with their counterparts while facing Intense national and international competition, increasing administrative requirements, and high pressure to innovate processes and equipment that will simplify complex and unique construction processes.
From planning to project control, cost, and revenue management, construction ERP software supports virtually every aspect of construction. Having touched on the importance of Construction ERP software, let’s take a second to discuss the benefits of ERP software in the construction industry.
- Optimizing Planning
It’s almost impossible to run a successful business in the construction industry and remain relevant if you don’t have control over your company’s plans. One doesn’t need a suit sayer to spell out the potential negative impact of improper planning on the framework of any construction company.
Without proper planning, the chances are that the company will most likely fail to meet project deadlines — and when you have demonstrated incapability in planning, your business will inevitably head south. Why?
Improper or poor planning will make you lose money in different ways, including material and labor costs and loss of clientele stemming from your inability to complete projects in a timely manner. Delays in project completion also dent the goodwill of a construction company.
How can construction ERP software help?
Construction ERP software can help you plan adequately for the raw materials needed to execute a project, ensure proper use of available labor, timely preparation of designs and and schedules.
If implemented correctly, construction ERP software can help you control expenses and budgetary allocation. It can also help construction companies avoid unnecessary downtime and potential contractual issues that may arise between you and your client’s duration of the project.
- Streamlining Project Management
Contrary to popular misconceptions, assigning and monitoring project progress is not a walk in the park — it can be tiring and challenging.
With the help of robust construction ERP software, construction managers can conveniently monitor different aspects of their projects. ERP system can be used to manage and track the progress of projects, create milestones, and delegate assignments to competent staff.
The ERP system also allows you to keep tabs on projects by collecting data regarding a particular project in real-time while also tracking the amount of time that an employee spends on every task — from start to finish.
But that’s not all!
Other benefits of construction ERP include but are not limited to facilitating cost and revenue estimation, promoting smooth communication, improving the decision-making process, and boosting the company’s ROI.