Last Updated on November 23, 2023 by softtech
Construction management is a tedious task. The contractors and project managers juggle progress reports, payrolls, schedules, logistics, and site inspection. The cloud-based construction ERP software has taken the construction domain by storm in modern times. The system has streamlined the construction processes and offers easy workflow management.
The benefits of cloud-based construction ERP software
ERP has improved the functionality of the AEC industry. Some benefits offered by it include:
• ERP helps to keep track of multiple projects
• It helps in documenting financial records, contracts, and employee details.
• ERP assists in managing bids
• It saves money spent on buying servers, storage, and installations.
• ERP eradicates issues of a data breach
How to select the right ERP software?
To select the ideal cloud-based construction ERP software, one needs to evaluate the business requirements and challenges. The process would work to understand which software would be best suited for the employees, documentation, construction management, equipment analysis, and project progress reports. The primary steps involved in the selection of construction software include:
Sound understanding of construction technology
Before purchasing construction, the software learns all about it. Learn about its uses, advantages and disadvantages, prices, features.
Research about the various cloud-based construction ERP software in the market
Before making a purchase:
1. Research the various available ERP software options.
2. Compare their prices, features, and functionality.
3. Analyse which software offers the best service within your budget.
Know about the pros and cons of the software
Before making the purchase, it is crucial to evaluate the advantages and disadvantages of the software. This would help to understand the benefits yielded by software.
Get a mass opinion about the purchase.
Before making the purchase, consider stakeholders, the IT team, and employees, inform them about the software’s capabilities and features. Then, get their opinion of whether the software matches the expectations or not.
Consider the challenges to be faced.
Once the software is decided, get an analysis report of the development challenges. Then, find whether you have the funds and workforce to implement solutions for the software building challenges.
Evaluate the profit margins to be gained
The addition of software means an add-on cost for the company. This is why it is crucial to find whether the ERP would be able to meet deadlines and yield profit margins or not.
What are the primary features of ERP software?
While purchasing a Cloud-based construction ERP software, it is essential to analyze the selected software’s features, flexibility, maintenance costing, and customer service. In addition, evaluate whether the software features cater to your firm’s long-term goals or not. Some of the common key features of ERP software are:
Account management
Good ERP software helps to maintain the accounts of the company. It should be able to handle the financial data, invoices, project cost estimation, and track salary credit of employees.
Handle bids
ERP software needs to be able to handle bids. An efficient ERP should handle the bidding cost, keep track of future bids and tenders, and handle the progress of ongoing bidding projects.
Project handling
ERPs like opticon can manage the schedule of projects. The software offers project control and keeps track of the project progress reports.
Document Storage
The ERP needs to store documents including blueprints, contracts, site maps, employee details. It should also store details of the logistics and machines.
Crisis Management
An ERP software needs should handle potential risks such as machine faults. In addition, the ERP should handle the site risk, communication disputes between contractors, builders, and employees.
An integrated cloud-based construction ERP can enable better collaboration and increase the efficiency of construction projects. Therefore, selecting an ERP that aligns with the realistic goals of the company is crucial. This compressive guide would end your quest for an ideal cloud-based construction ERP.
About Author
Olivia Jones
Technology Specialist
Olivia is a highly skilled and experienced Technology Specialist with 10+ years of hands-on expertise in the rapidly evolving field of technology. She has a proven track record of successfully implementing and managing a wide range of technological solutions, ensuring optimal performance and efficiency. Olivia possesses a deep understanding of industry trends and emerging technologies, enabling her to provide strategic guidance and drive innovation within organizations. With a strong focus on problem-solving, she consistently delivers tailored solutions that align with business objectives while maximizing productivity and cost-effectiveness.
About SoftTech Engineers
A leading IT company (www.softtech-engr.com) facilitating business and technology transformation across the AEC industry through innovative software products and solutions. Equipped with 25+ years of deep domain expertise and industry knowledge, SoftTech has helped more than 4500 clients & government organizations, with more than 25000 users in India and around the world to gain a competitive edge and lead from the front in the industry.