Skip to main content

Why project-centric firms need ERP for project-based businesses?

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 Accounting
ERP solution with standard accounting meant for a standard business may not be useful for project-based organisations. The project-oriented accounting functionalities enable project managers to co-ordinate seamlessly with the finance functions of the business.
  • Supply Chain Management
Note that here the challenge is not to solve the problems of a standard business model. Different projects have different challenges. So, the automation should be able to cater to the different challenges of multiple projects at the same time. Unlike a single manufacturing unit with a standard process, projects have varying requirements when it comes to logistics.

Smart management of materials and machinery is required for construction projects. Based on requirement and availability, the project managers should be able to move materials and machinery from one project site to another. Real-time tracking of resources across project sites can be conveniently done with the help of a project-based ERP solution.


  • Analytics for projects
Project owners will be able to complete milestones and track the progress of their projects with a project-oriented analytics system. Instead of using a number of analytics tools for project analysis, all project managers can use a specialised analytics functionality designed for their needs.
Instead of spending enormously on a variety of software to upgrade the IT infrastructure, it is better to invest in a focussed ERP solution with necessary customisations for improved ROI. This way, the organisation benefits from the integrated features of a cloud-based project management software.

Project-based ERP benefits
Here are some of the key benefits of a project-based ERP solution:
  • Automation aligned to the entire project lifecycle
The ERP for project-based businesses are ideal for construction firms, product manufacturers and other project-oriented companies. The key difference between a standard ERP and the project management ERP is the way it is designed by ERP developers. The best practices in project management are integrated into the functionalities built within a project-based ERP.
Projects have a lifecycle which involves project planning, project designing, project execution and project completion. The project management ERP allows management of every phase of multiple projects seamlessly with a single centralised system.

  • Project planning made easy
Standard ERP may come with basic features but will have its own limitations for project-based companies.Get all the tools required to plan a new project in a single ERP system with project-based ERP. Extract data from earlier projects or use templates made from past proposals to plan ambitious projects.

  • Quick Project Reports
Project teams have to create project reports from time to time for discussions and decision-making. Instead of downloading data from various sources and compiling the report, project team members can easily make quick reports using the ERP system. The project reporting becomes extremely easy and convenient for project users who have other critical tasks waiting to be completed on their to-do lists.
In ERP software, the data is integrated from various sources.Within a few clicks, a visually appealing project report with the necessary statistics and graphs can be automatically created and sent to the relevant team members for discussion. The automated reports offer valuable insights while helping the team members to save their time and effort on manual report creation.

Finally, the purpose of an IT upgrade should not be to just bring in automation but to bring in meaningful automation relevant to your business. Project-based companies have numerous projects that need functionalities of an automated project management system to run effective projects.
Launch successful projects with OMNI ERP, a trusted project management ERP. Mumbai-based construction businesses are already reaping the benefits of OMNI ERP.
For details, visit _______

Comments

Popular posts from this blog

What are the key differences between EPC and turnkey project companies and why they should use ERP for constructions?

What are the key differences between EPC and turnkey project companies and why they should use ERP for constructions? - construction-erp.com EPC contractors and turnkey project contractors both operate in the construction industry. Are they different or are they the same? Also, is  ERP for constructions useful for these contractors? Let’s find out. What is an EPC project? An EPC project covers the Engineering, Procurement and Construction part of a project. Here the EPC contractor designs, constructs and completes a project such as a manufacturing facility. Example of an EPC project can be the civil work of a railway station or MEP work on EPC contract for an industrial plant. How do turnkey projects work? In turnkey projects, the client gives the entire risks and project responsibilities to the main contractor. The turnkey company gives a ready-to-use project to the client. Here, the client need not worry about the result and quality of the project as all those ri...

8 Key Benefits ofERP for constructions

Are you still struggling with processesphased out by your competitors? Consider ERP for constructions to keep up with the times. To begin with, Construction ERP software stands for Construction Enterprise Resource Planning software. Today, experienced ERP service providers are using the latest enterprise technologies with construction industry expertiseto build integrated ERP systems for thriving businesses. Hers are 8 major benefits of ERP in the construction industry: 1.       Automation for the construction industry Getting anERP software for construction & infrastructure in Mumbai need not be a daunting task. Well-researched solutions such as OMNI ERP offer automation that is flexible and scalable. You can get automated data management and several process enhancement functionalities for your business with a specialised ERP for the construction industry. Don’t rush to implement an ERP right away. Automation takes time. Quick implementa...

Automate With The Best Construction Management Software - Automate With The Best Construction Management Software

In the construction management business, managing costs is crucial for project success. By using the  Best Construction Management Software  for your business, you can optimise costs and increase efficiency in resource handling. Irrespective of the scope of the construction projects that you may be managing, an ERP streamlines the workflow to provide you maximum gains from your projects. Why is process automation through ERP important? Traditional methodologies of managing construction sites led to losses and inefficiencies that sometimes led to shutting down projects. An unsuccessful project can also end up in an undesired bankruptcy for the project owners. Here’s how process automation through ERP helps businesses: ·  Cost The budget for a construction project is crucial. Take the case of housing complexes where it takes years for buildings to be constructed. Although pre-bookings may bring in some money, the construction cost should not exceed the estimated...