Essential Points To Consider when Choosing a Construction ERP Software

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Construction ERP software solutions streamline project development through integrated features that enhance productivity and increase process efficiency across projects. They optimize construction work, through automation and standardization, and boost collaboration, through built-in communication and progress updating tools.  Builders and contractors gain complete clarity, while streamlining planning, procurement, and other construction stages for end-to-end control overall projects.

With 56% of Indian construction firms planning software investments in project management and 49% in ERP solutions, the industry is strategically moving towards enterprise-wide digitation and technology adoption. But the key to maximizing the benefits of these solutions is to select the right construction ERP provider. Let us review the essential areas to consider when opting for an ERP solution.

  1. Focused on increasing ROI and enhancing decision-making
    The ideal construction ERP software enhances project ROI by streamlining core construction processes that are critical to planning and development. Key areas such as cost planning, BOQ management, tendering, invoice management, etc. can be digitized, increasing process efficiency and saving cost. Developers and contractors also gain greater control over site work, by leveraging the right construction ERP solution. The best ERP platforms offer robust monitoring and updating tools, while streamlining communication for better progress management.

  1. Ease of creation of accurate budget estimates for projects
    When selecting an ERP for construction industry projects, it is important to review the technical depth of the solution in terms of budgeting and estimate creation. With material costs rising 15-25% across categories in India, developers and consultants need to leverage a construction ERP solution that can facilitate the development of highly accurate cost plans. Users should be able to create granular level budget estimates to ensure that they are able to control construction costs effectively.

  1. Implementation of automation to standardize processes
    The right construction ERP solutions incorporate automation to optimize tedious processes, thereby freeing up time and resources. Cost planning, bill of materials generation, and other critical processes can be automated to drive greater efficiencies and reduce manual errors. Workflow automation also helps in tracking and updating of progress, as team members can update various tasks seamlessly by leveraging a robust ERP solution.

  1. Efficiency in material management for projects
    Material management is a critical component of any successful construction project, which is why developers need to leverage ERP solutions that encapsulate advanced inventory management features. From generating bill of materials to tracking consumption, ERP solutions should connect on-ground and online activities seamlessly.

  1. Ease of integration with existing operations and third-party applications
    When choosing the right construction ERP software, it is important to review the ease of integration within existing processes. Solutions that require upfront investments or enterprise-wide updating, may take longer to implement when compared to a seamless end to end workflow automation software.

  1. Technical support offered for seamless adoption
    Construction ERP solutions are only effective if they are customized to the specific needs of the developer or contractor. They should also be seamless to integrate into existing processes, especially as projects scale up to handle multiple sites across locations. To ensure ease of adoption, it is important to work with construction ERP providers that offer extensive technical support for end-to-end integration.

In conclusion
While many ERP solutions may offer to save time and money, the best construction ERP platforms drive real productivity through the integration of industry-oriented features. ERP solutions should focus on optimizing each aspect of construction workflows, through standardization, automation, and progress control. BuildSupply ERP empowers builders and contractors by providing critical tools that streamline project management while optimizing processes from inception to handover.

Reference Links:
https://www.livemint.com/brand-stories/how-digital-transformation-in-india-s-construction-sector-can-be-a-game-changer-11596170012701.html

https://indianexpress.com/article/business/economy/sukhbir-singh-sandhu-interview-covid-projects-nhai-chairman-7073457/

https://www.constructionworld.in/latest-construction-technology/Digital-transformation-for-Indias-construction-sector/24020

http://www.businessworld.in/article/Proptech-To-Boost-Real-Estate-And-Break-Traditional-Barriers/09-11-2020-340841/

https://asiatimes.com/2020/10/indias-realty-sector-recovering-report/

https://www.livemint.com/money/personal-finance/don-t-buy-into-the-distressed-home-sales-story-11605023850600.html

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