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Integrated solutions such as  ERP for project-based business  are needed for transforming today’s businesses. Standard ERP solutions may come with standard features to improve an organisation’s workflow. However, project-centric businesses may not find standard ERP as valuable as a project-based ERP. In a pool of software solutions, project-centric firms have to find the right one to fulfil their requirements. You may find a variety of software and standard ERP solutions in the market. Some may help you with scheduling while others may support your financial management processes. Project Based Companies need Specialized ERP solutions to gain maximum value from their ERP upgrade. What is Project-Based ERP? Why? Project-based ERP service providers offer comprehensive solutions with core modules and flexible modules for the unique needs of a business that involves project management. Some of the features of a project-based ERP are as follows: Project-oriented Accoun...

If you want to make it big in the construction industry, you cannot take a chance on inefficient processes. That’s the reason,  ERP for constructions  is designed to give you the edge with operational efficiency. There are several advantages of Enterprise Resource Planning(ERP) platforms for construction businesses. Here are 7 reasons why you ERP solution is beneficial for strengthening your construction business: Ensure Better Planning Construction projects are time-bound and require planning. Traditional methods involved team meetings with discussions and exchange of numerous files with several versions of the same file. Estimations were manually done for planning the project. Nowadays, the quality of output is ensured with automated document handling through ERP for constructions. Estimation, team collaboration, data management and other integrated project planning tools are available on a single ERP platform. Automated processes through ERP solutions expedite th...

While there are software and dedicated apps to manage finance for your organisation, a centralised ERP for project-based businesses can integrate your business functions. From basic calculations to sales forecasts, every financial function can be taken care of effectively using the single dashboard of an ERP. Let’s take a look at some of the key areas in the construction industry where an ERP can support businesseswith visible cost optimisation. ·          Basic Finance functions Automation through ERP assists your business to manage income and expenses, credit and debit, payrolls, loans, sales and purchases, etc. You can tailor the ERP platform to include specific taxes, duties and other data points that are relevant to your business. ·          Manage quotes and bids Project Management ERP such as OMNI provides the Detailed Resource Level Costing capability which gives your business a...

Today, every business is data-driven. Are you ready with an automated workflow to take advantage of the enormous data your business is generating? Several businesses are already ahead of their competitors by implementing the best construction management software suitable for their organisation. The construction industry is diverse with several verticals. The key areas that operate in the construction industry are civil engineering, carpentry, tunnel work, roofing, bridge construction, scaffolding, industrial furnace construction, structural work, general construction etc. Futuristic designs lead to more specialised construction departments such as green building solutions, prefabricated 3D components etc. Construction work isn’t final till all the finishing work is done. To provide necessary finishing to the constructed buildings, services required can be ventilation, floor and tile work, gas and water lines, interior decoration and more. The various verticals of the construction ...

Every construction project comes with a specific budget. To ensure the project is within the budget, you need to prepare an estimate of costs that are involved in the project. ERP for constructions empowers businesses with the systematic project costing, ongoing cost management, performance tracking and vendor management. An ERP solution for the construction industry mitigates risks related to the budget and does a lot more by taking care of the following 4 business functions: Project cost estimation: Project estimates have to include the anticipated cost of unexpected scenarios that lead to project delays and add to expenses. All direct and indirect costs including expenses related to manpower and materials have to be considered. Cost of outsourced work is also part of project estimates. Earlier, there were manual processes to gather estimated costs that took time and effort.All the components required for automation of the entire project cost estimation are incorporated in an...

As your construction business grows, you have more and more projects to manage. While you do have the option of investing in extra hardware that can upgrade your IT infrastructure, you can explore the benefits of cloud computing with a cloud-based project management software . Why infrastructure matters for project management? In the project management industry, there are many businesses who stay abreast of the latest technologies. These companies plan their upgrades to deliver projects that are cost-efficient and manage to gain greater profitability than other projects. Why? The reason is simple, the other companies want cost-efficiency but wait too much before upgrading their IT infrastructure. By the time they upgrade, the technology has changed. Then, they start thinking again. Meanwhile, the ones who moved forward have already benefited from their earlier upgrade and are ready for the latest upgrade. But wait! This doesn’t mean that you should be pouring in money on techno...

There are several risk factors that can delay a project or create losses in the business for contractors. With the best software for contractors , you can manage these risks. Here is a comprehensive list of risks that contractors can manage with an ERP solution: 1. Does everyone know about the design changes? Sometimes, due to technical challenges such as an obstacle in the construction path, changes are made to the approved design. If you have a centralised ERP that sends out notifications to relevant team members, then everyone gets an update. All the team members will follow the updated design. 2. Who approves? Everyone in your team will be able to view the names of all the people as well as their departments that will approve the projects. Also, the approvals can be queued up on a manager’s dashboard as part of their tasks if your company uses an ERP solution. This avoids delays in the approval process as well. There can be several team members working on various project...