According to a study by Hubspot, ERP implementation led to business process improvement for 95% of businesses. Did you know that 96% of emerging businesses that excel in their respective industry rely on some ERP solution? What’s more, 50% of organizations are soon acquiring, upgrading, or planning to update ERP systems soon.
A construction ERP (Enterprise Resource Planning) solution is a unique enterprise resource planning program designed for the specialized needs of construction businesses. Construction enterprise resource planning software comes with features tailored to construction project management.
Enterprise Resource Planning (ERP) software for construction helps companies to stay in control of projects. Some studies have shown that companies that implement ERP solutions see significant benefits. Let’s take a look at some of the benefits of using construction ERP software.
What Are the Benefits of Construction ERP Software?
Another report by Linchpinseo shows that ERP improves 95% of businesses that implement it. That said, some of the advantages of implementing a construction enterprise resource planning program include:
- Managing Your Construction Projects With a Single System
- Reduction Process Time
- Increased Collaboration
- Reduction in the Costs of Operation and Administration
Managing Your Construction Projects With a single System
One of the major advantages of implementing ERP in your construction business is that it enables you to manage many construction tasks using one construction software. The construction business can be overwhelming due to its complexity. However, this challenge can be solved by using an ERP program to automate tasks and manage your projects from a central system.
Using different platforms to manage your business is stressful. It subjects the business to data errors, record duplication, inadequate communication, and a lack of valuable insights into the business. Construction ERP software is an all-in-one solution that integrates disparate construction functions into a single system – which makes day-to-day management of the construction business an absolute breeze.
Reduction in Process Time
Through automation and integration with other construction software, ERP streamlines business processes and improves productivity by reducing the time it takes to get things done. It improves workflows and gets rid of repetitive tasks, thereby helping your organization gain speed, efficiency, and accuracy in its operations.
Time spent running manual, and repetitive tasks can be used to boost the productivity of your firm. When projects are executed faster with high efficiency, you’ll be able to submit deliverables to the client-side stakeholders on time. Modern ERP systems increase on-time deliveries by 24%.
ERP improves collaboration among team members, administrators, and stakeholders. For instance, site workers can collaborate effortlessly by sharing data and tasks instructions within the software. In the same way, accounting team members can work concurrently on projects, share files with others and get things done faster.
Reduction in the Costs of Operation and Administration
ERP reduces operational costs by 23%. It achieves this by streamlining operational processes via automation and getting rid of manual and repetitive tasks.
Again, ERP reduces administrative costs by 22%. If it takes less time and effort (due to the ERP solution) to manage construction projects, then the administration cost reduces. In a nutshell, ERP reduces process time, thereby reducing the costs of construction project management.
How to Choose the Right Construction ERP Solution For Your Business
When choosing an ERP software for your business, consider the following factors:
- Your Business Needs
- Your Budget
- Post-Implementation Support
- Cloud or On-Premise Software?
Your Business Needs
The construction business is unique and requires ERP with features suitable for running your type of project. So, the first step is to analyze your business needs and then choose a solution with all the capabilities you require. Don’t choose a solution because that’s what other construction companies are using. Settle for a provider with all the features that solve your project needs.
Your company’s budget is another crucial factor to take into consideration. Choose a solution with an implementation cost that’s within your organization’s budget. The right way to do this is to thoroughly analyze the costs of implementing ERP and then make decisions based on your budget.
Consider an ERP provider with a responsive support platform. In the course of implementing ERP, you might need technical assistance. Knowing how a vendor responds to customers in the time of distress is very crucial. Don’t choose a provider with a bad post-implementation support history.
Cloud or On-Premise Software?
What deployment method do you need? Analyze your business and choose the most suitable deployment method – on-premise or cloud solutions. Starring out with the wrong one might have some negative cost and operational implications later.
We recommend a cloud solution (or both) because of the flexibility it offers. According to a report by Adynamics, 93% of businesses experienced increased productivity outside of the office because of cloud technology.
Managing building projects can be complex and tedious. It’s more demanding when you are dealing with multiple projects at a time. The right way to make construction project management less exhausting is to use an ERP system. That said, how do you get the best construction ERP solution?
We offer a feature-rich and highly customizable ERP solution your company can use to manage its projects effectively. Our ERP software comes with state-of-the-art capabilities that enable managers to simplify construction processes and execute tasks faster. Best of all, it’s affordable!
It is currently offering a free trial, visit here to try WunderBuild for free