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Enhancing Your Construction Business With Erp Software
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ERP software consists of various modules which are distinctive to each management function like research & development, planning, purchasing, inventory, human resource, operations, sales & marketing, finance, etc. ERP software uses a common database to store regularly updated data of various functions. The information about the resources and various functions flows directly from one common database to all the required functions of the management thus reducing complexity and increasing accuracy. ERP system keeps a real-time record of core resources – production capacity, cash, raw material available, and keeps a track of orders, purchase orders, payroll, etc. The modules share the data across all departments that require information.
Use of ERP software has now reached the construction industry also to increase efficiency and increase profits. Well-developed ERP software can pace-up the time-eating procedures of a construction project. Construction ERP software consists of modules such as finance & accounting system, real estate management system, real estate lease and maintenance management and human resource & payroll management system. Construction ERP software can help the company from pre-construction stage to post-construction stage. Construction ERP software efficiently manages regularly updated information related to construction projects. The human resourced and payroll functions of the company are managed by this software with performance management, leave management, salary calculation, pay-slip generation, etc. The financial accounting module executes functions like payment entry transfers, calculation of taxes, bank account management, etc. With a clear-view of the current progress and situation of the construction project, risks are evident and can be avoided before they’re at extremes. ERP system fruits the construction business in three basic ways:
- Improves flow of information across various functions, increases its accuracy and makes it available on time.
- Increases the speed of work and reduces the sluggishness in the processes.
- Avoids potential loss which could have been caused due to unexpected sudden risks by increasing predictability of risks. ERP gives a clear picture of the status of the business.
- Lowers the cost of production and increases the quality of work.
- Improves control and coordination among various functions.
- Use of single data source avoids mistakes and increases speed of information availability.
- Provides for automation of business processes thus reducing time, efforts and costs.
- Provides an overall view of business enterprise.
- Protects sensitive information by amalgamating all information into single database and securing it with multiple security systems.
- ERP software can be implemented into a construction business even in between an on-going project or during critical periods.
- ERP software can be installed by customizing for various hardware and software systems and can be easily used due to its simplicity and user-friendly nature.
For achieving best results from ERP construction software, it is advisable to consult an experienced and well-known company which specializes in ERP solutions for construction industry. For instance, one might consider Quadra Software Solutions of Bangalore which is highly reputed for ERP software for construction industry due to its experience in construction industry since more than 25 years with 190+ satisfied clients spread across major cities in India, Africa and Middle-East.
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