The majority of construction companies all over the globe implemented Enterprise Resource Planning Systems (ERPs) to manage and use their resources effectively. iX ERP as a construction ERP Software has two main functionalities – data management and workflow management. Both functionalities are equally important, as they help all stakeholders monitor multiple processes and manage data across the company in real-time.
How iX ERP can help Construction Sector?
iX ERP, unlike the other software, takes less time to implement which makes it a perfect choice for the construction sector, this will save time and money with fast ROI.
iX ERP helps in proper construction projects planning
Project planning is one of the most important five reasons why projects of construction companies succeed. This will lead to activities like effective coordination among clients, suppliers, subcontractors, and architects.
iX ERP for the Construction sector is able to monitor budgetary funds and expenses, and also can provide accurate planning of raw material and its delivery time, cost calculation and location manufacturing for some items, human resources, and other resources required for the successful project completion.
iX ERP helps accurately estimates
A lot of firms provide their services on a contractual basis. Before bidding for a tender, these firms need to provide the estimated cost of the project. As we know, different clients may have quite different needs and specifications, that’s why they choose the best-suited bid according to the proposed quotes, the firm’s reputation, and the proposed design.
iX ERP for the Construction sector with the project management tools integration is able to secure accurate quotes needed for design, raw materials, human capabilities, and the time to complete the project. Additionally, iX ERP systems can determine how much profit or loss a firm may get from a given project.
iX ERP helps in subcontractor’s accounting
Construction companies usually subcontract several items of the project and supervise the subcontractor. Considering the construction project size and the number of subcontractors working in the location, their management and accounting become a hard task.
With iX ERP for the construction sector, managers are able to track the work progress from the subcontractor’s tasks delivery, company accountants take less time to pay the subcontractors based on the finished tasks and stocked products in the location, and management will have the ability to make a decision based on real data from iX ERP, and do lots of other high-value activities.
iX ERP eases data sharing between uses and departments
iX ERP provides information sharing between users and departments based on several permissions. for example customer instalments, suppliers delivery, accounting and billing department, work progress based on subcontractors delivery and many other valuable features and data sharing points.
iX ERP help reduce the time of the overall process
iX ERP helps construction firms monitor expenditures for materials and human resources, cut costs for technology, eliminate manual processes, and avoid downtime. All these factors affect the success of business and project implementation.
iX ERP helps to recognise the balance per project by using project accounting and can give detailed profit and loss statements for every project.
iX ERP accelerate decision-making for more accurate project delivery
Prior to making decisions, it’s important for contractors to get a comprehensive view of a given situation. Oftentimes, they don’t have the possibility to get this view in one centralised place.
iX ERP for construction companies, allow managers to incorporate different types of information, process it, and sort it out according to a certain number of criteria.
In conclusion, iX ERP helps construction companies to achieve more in Project planning and scheduling, Projects Costing and control projects budget, Inventory and materials control per location, Subcontractors delivery and accounting, material purchase for several projects, accurate accounting and monitoring of projects balance, Reports and dashboards for better decision making and many other useful features for construction companies.