Feel empowered with an integrated ERP for contractors
Contractors fulfil the greater responsibility of building the infrastructure and fulfilling the various demands of retail, commercial and industrial sectors. Be it general contractors or the ones dealing with mechanical, electrical, plumbing and other contract-based work, an ERP for contractors will lead to better co-ordination and increased transparency among the various stakeholders of a project.
Some of the areas that can get streamlined if contractors utilise an ERP solution are as follows:
- Contracts
- Approvals, task lists and project updates
- Material and machinery
Monitor stocks or move them from one site to another without worrying about multiple entries or emails to keep everyone aligned in a project. A well-designed ERP user interface gives clarity and updates about each and every movement in the inventory. The integration of finance module in the ERP ensures that even cash purchases are factored in the expenses with all the necessary transaction details.
- Market Credibility
- Access data on the move
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The OMNI ERP solution empowers contractors with 12 modules and more than 140 functionalities. For further details, reach the OMNI ERP experts at __________
More Blog Links
https://construction-erpomni.blogspot.com/2019/07/what-are-key-differences-between-epc.html
https://constructionerp77737269.wordpress.com/2019/07/25/what-are-the-key-differences-between-epc-and-turnkey-project-companies-and-why-they-should-use-erp-for-constructions/
https://constructionerp.tumblr.com
What are the key differences between EPC and turnkey project companies and why they should use ERP for constructions?
EPC contractors and turnkey project contractors both operate in the construction industry. Are they different or are they the same? Also, is ERP for constructions useful for these contractors? Let’s find out.
What is an EPC project?
An EPC project covers the Engineering, Procurement and Construction part of a project. Here the EPC contractor designs, constructs and completes a project such as a manufacturing facility.
Example of an EPC project can be the civil work of a railway station or MEP work on EPC contract for an industrial plant.
How do turnkey projects work?
In turnkey projects, the client gives the entire risks and project responsibilities to the main contractor. The turnkey company gives a ready-to-use project to the client. Here, the client need not worry about the result and quality of the project as all those risks are covered by the turnkey contractor.
Large-scale projects such as construction of bridges, airports, industrial service facilities etc. are handled by turnkey project management companies.
Understanding the EPC and turnkey difference
Both EPC and turnkey projects cover planning and design to implementation and delivery. So, what’s the difference? The difference is in the details of the project scope. While EPC contractors handle a major part of the project, the turnkey project management companies begin the work from scratch and deliver the end project which can be put to use immediately.
For example, if there is a plot where a client wants to construct a building for selling residences in the building, the EPC contractor may take up the civil work or mechanical work or maybe the complete construction of a portion of the building. A turnkey project management company will begin their work with surveying the plot, planning, outsourcing, etc. and will complete the entire project. The turnkey projects firm will deliver the end product i.e. an entire building as per the approved plans with residences that are ready to be sold.
Here are some more differences between EPC and turnkey contractors:
Benefits of ERP for construction companies
Whether the project is handled by EPC contractors or turnkey project management companies, automation offered by the best construction management software can be beneficial to both.
Here are six benefits that contractors can experience with ERP solution for managing construction projects:
--
If you are a construction company handling EPC or turnkey projects then a cloud-based project management software such as OMNI ERP can be valuable for your business.
To know more about OMNI ERP, contact ______
Recent Market Trends in ERP for constructions
ERP software is being used by several industries for process automation. For project-based businesses, ERP solves challenges that lead to an increase in the profitability of the projects. New trends have emerged in the ERP industry which serves the project-oriented construction sector. To thrive and survive in a competitive market,adapting to changing trends becomes necessary for businesses.
Let’s talk about seven recent trends connected with ERPfor constructions and related businesses:
1. The rise in use of ERP by SMEs
More and more Small and Medium Enterprises (SMEs) are migrating to ERP solutions. Earlier, the myth that ERP is suitable only for big companies had kept the SMEs away from considering ERP software. With growing competition in the market and inefficiencies affecting scalability, ERP solutions are being explored by SMEs.
SMEs have realised the benefits of ERP implementation to minimise costs and boost productivity in their organisations. In the construction industry, optimised usage of resources is already helping many SMEs to cut costs while delivering better projects to clients.
As per an industry report, the adoption of cloud-based ERP in SME segment is set to grow at a CAGR of 23% in India between 2016 and 2022. Cloud technology is helping businesses to run their construction projects from anywhere and at any time while using a device of their choice to access the ERP system.
2. Compliance with GST
After the Goods and Service Tax (GST) law was passed in India, companies had to upgrade their systems to comply with the new accounting standards. The leading ERP solutions in the market now have accounting modules that are ready for businesses who have to perform automated calculations based on GST. The ERP solutions that were flexible released updates to support their finance modules wit GST compliance features.
3. ERP usage on mobile devices
Mobile-centric organisations are leveraging the capabilities of intelligent ERP systems to manage tasks using their mobile devices. One of the growing concerns not only in the ERP industry but also in the overall IT sector is the concern about security on mobile devices due to intrusion threats.
In the construction industry, payments and large-scale orders are managed using ERP software. Developers in ERP companies continue to find ways to make their secure solutions even better with important software updates.
4. Pushing productivity with automation
Earlier automation was all about reducing data entry tasks with automatic features in software. Innovative technology-based are emerging every day. Today, leading tech service providers including companies offering ERP for EPCcontractors are harnessing the power of business intelligence tools to support human workers.
Nowadays, tools simplify the workflow by automating numerous tasks beyond data entry.The capabilities of the latest ERP solutions give more time for human employees to create valuable business strategies and focus on other critical business aspects.
5. Making the right decisions with real-time insights
ERP solutions are continuously evolving. The quality of real-time insights is now getting even better with integrated devices and improved ERP architecture. In the construction industry, ERP solves several worksite-related problems with instant reporting features backed by real-time insights.
6. Personalisation of capabilities
With user research insights and technological advancements, the level of personalisation that can be achieved in Enterprise Resource Planning (ERP) systems have gotten better. These days, ERP is not just treated as automation software. Intuitive design features are being added to improve user experience. Minute features relevant to a business are being included in the ERP plans as part of customised features.
To cater to the customised needs of construction-based businesses, ERP solutions such as OMNI ERP offer standard features with flexible modules. This way, personalisation takes a new direction, by being much more than just adding a company’s branding on the platform.
7. Better collaboration internally and outside the company
Earlier, ERP solutions were implemented to solve an organisation’s internal challenges but it has changed now. Today, the ERP is used to collaborate with external stakeholders such as vendors, consultants and other key stakeholders.
For construction-based businesses, managing vendors through a vendor portal simplifies communication with vendors and improves productivity with a timely dispatch of materials from vendors. Other vendor management features also help to build relationships with vendors along with providing them a user-friendly platform to solve their queries.
--
Looking for the best construction management software in line with the latest trends? Check out the trusted ERP platform, OMNI ERP. To know more, contact _________
How to prepare for the implementation of ERP for project-based business?
Streamlining a business is no easy task. The bigger the size of the business, more complex will be the entire streamlining process. ERP for project-based business is considered for enhancing the business processes of organisations operating in the construction industry. Let’s explore the various factors that you need to think about while preparing for ERP implementation.
1. A clear vision for the business
If you are planning ERP implementation because your competitor has done it then that’s great. However, merely imitating your competitor is not going to help your business. You need a clear business plan as well as a vision for reaping the benefits of ERP software.
Here are few tips to get you started:
· Define your business goals and what you would like to achieve with ERP software.
· Note down the benefits and costs involved in ERP implementation.
· Make a list of all the goals you would like to achieve in the short term and in the long term.
It won’t be wise to sit down with your team and plan ERP-related goals after the implementation. Reputed ERP companies go ahead with the implementation only after researching the actual needs of the company and proposing a practical solution to meet the company’s requirements. You can refer to such proposals for assessing your ERP goals after the implementation.
2. Communicate with your teams
You cannot simply take a decision to implement ERP one fine day and expect all your teams to immediately start using it. Doing so can negatively impact the morale of the people working with you. Generally, decisions related to ERP are taken by senior management leaders who want a digital transformation in the workplace.
To ensure a smooth transformation, all the relevant team heads have to discuss the gaps in the legacy systems. ERP should be able to solve the organisation’s current needs and should be scalable enough to meet future needs from a practical perspective. Also, not everyone in your organisation may welcome change as they may be comfortable with the legacy systems.
Make relevant changes in your infrastructure. Maintain the legacy systems which can be integrated with the ERP. Once the management figures out the best constructionmanagement software for the organisation, they can use the help of the internal communications team. The communications team can plan and implement consistent enterprise-wide communication to inform and educate the employees about the digital transformation.
3. Build a new ERP team
To manage Enterprise Resource Planning (ERP) software, you may need a team. Of course, your ERP service provider will give you a comprehensive solution with after-sales services as per your contract. However, in your organisation you need a go-to team for discussing ERP-related concerns.
Why this is so important? Based on the size of your business, your IT infrastructure has been managed by an IT Manager or a team of IT specialists. While preparing for ERP, you need to build a team where managers from technical as well as business backgrounds are assisting the decision-making for the organisation.
It need not be a big team but a blend of technology and business professionals so that you get the right technology for the desired results from your ERP implementation. Also, ERP implementation takes place in phases. You need representatives from your organisation who can clearly communicate the tweaks needed in the software with your ERP companyto achieve your business objectives.
4. Plan a change management program
When your communication team sends out messages about a process transformation through ERP implementation, there can be reactions from employees. Some may feel threatened due to a knowledge gap in their skills and some may just be curious. Everyone will want to know more about the change. So, tell them and help them understand that ERP is going to make their workflow easier.
Your HR team can create a change management plan to introduce the change and highlight its benefits to employees across the organisation. Instead of being secretive, be transparent with your people. Train your department heads to support employees during the change.
Conduct user training in your offices for all the ERP users and give them hands-on training. All these initiatives will help your employees to feel confident about using ERP software and support you in fulfilling your business goals.
--
Need more advice on ERP for constructions and how to get ready for a successful ERP implementation?
Contact the experts who designed the flexible project-based ERP solution, OMNI ERP.
What is an EPC project?
An EPC project covers the Engineering, Procurement and Construction part of a project. Here the EPC contractor designs, constructs and completes a project such as a manufacturing facility.
Example of an EPC project can be the civil work of a railway station or MEP work on EPC contract for an industrial plant.
How do turnkey projects work?
In turnkey projects, the client gives the entire risks and project responsibilities to the main contractor. The turnkey company gives a ready-to-use project to the client. Here, the client need not worry about the result and quality of the project as all those risks are covered by the turnkey contractor.
Large-scale projects such as construction of bridges, airports, industrial service facilities etc. are handled by turnkey project management companies.
Understanding the EPC and turnkey difference
Both EPC and turnkey projects cover planning and design to implementation and delivery. So, what’s the difference? The difference is in the details of the project scope. While EPC contractors handle a major part of the project, the turnkey project management companies begin the work from scratch and deliver the end project which can be put to use immediately.
For example, if there is a plot where a client wants to construct a building for selling residences in the building, the EPC contractor may take up the civil work or mechanical work or maybe the complete construction of a portion of the building. A turnkey project management company will begin their work with surveying the plot, planning, outsourcing, etc. and will complete the entire project. The turnkey projects firm will deliver the end product i.e. an entire building as per the approved plans with residences that are ready to be sold.
Here are some more differences between EPC and turnkey contractors:
- EPC contractors and turnkey contractors deliver similar output but their work guidelines are different. EPC contractors may follow general guidelines to manage the projects. Turnkey contractors have to follow specific guidelines and may involve specific technical requirements.
- The cost of projects of EPC and turnkey contractors may be more or less the same. The difference will be in the way costs are managed by EPC contractors compared to turnkey contracting companies.
- EPC contractors may hire other sub-contractors and monitor their work. The turnkey project manager may hire main contractors who will be responsible for the delivery of the entire work assigned to them.
- EPC contractors who operate large scale projects can become turnkey project management companies.
- In a turnkey contract, the client providesonly the technical specifications and everything else has to be taken care of by the contractor. In an EPC contract, the contractors are not concerned about the output of other sub-contractors and are only responsible for the scope of work given to them. Here, the EPC contractor is taking less risk compared to the turnkey contract company.
Benefits of ERP for construction companies
Whether the project is handled by EPC contractors or turnkey project management companies, automation offered by the best construction management software can be beneficial to both.
Here are six benefits that contractors can experience with ERP solution for managing construction projects:
- Project planning can be optimised with automated functionalities such as estimation tools, contract templates etc.
- Contractors have to keep costs under control for the project to be feasible. Modules such as finance, supply chain management etc. help to track resources and costs efficiently.Contractors can save money and minimise expenses with cost and resource optimisation modules of an ERP.
- There are many stakeholders involved in EPC as well as turnkey projects. An intelligent software solution helps to maintain accountability by mapping all concerned stakeholders to a project.
- The decision-making process becomes easier with real-time data and analytics. Also, risks can be managed on time with project tracking features.
- Time is critical for projects in the construction industry. The time spent on co-ordination can be saved with automation capabilities offered by ERP software. Contractors can manage time effectively with task management functions and notifications for pending tasks.
- Projects can be streamlined with ERP software. Also, cloud-based ERP solutions can provide contractors with the ease of managing the projects securely on the move using handheld devices.
--
If you are a construction company handling EPC or turnkey projects then a cloud-based project management software such as OMNI ERP can be valuable for your business.
To know more about OMNI ERP, contact ______
Recent Market Trends in ERP for constructions
ERP software is being used by several industries for process automation. For project-based businesses, ERP solves challenges that lead to an increase in the profitability of the projects. New trends have emerged in the ERP industry which serves the project-oriented construction sector. To thrive and survive in a competitive market,adapting to changing trends becomes necessary for businesses.
Let’s talk about seven recent trends connected with ERPfor constructions and related businesses:
1. The rise in use of ERP by SMEs
More and more Small and Medium Enterprises (SMEs) are migrating to ERP solutions. Earlier, the myth that ERP is suitable only for big companies had kept the SMEs away from considering ERP software. With growing competition in the market and inefficiencies affecting scalability, ERP solutions are being explored by SMEs.
SMEs have realised the benefits of ERP implementation to minimise costs and boost productivity in their organisations. In the construction industry, optimised usage of resources is already helping many SMEs to cut costs while delivering better projects to clients.
As per an industry report, the adoption of cloud-based ERP in SME segment is set to grow at a CAGR of 23% in India between 2016 and 2022. Cloud technology is helping businesses to run their construction projects from anywhere and at any time while using a device of their choice to access the ERP system.
2. Compliance with GST
After the Goods and Service Tax (GST) law was passed in India, companies had to upgrade their systems to comply with the new accounting standards. The leading ERP solutions in the market now have accounting modules that are ready for businesses who have to perform automated calculations based on GST. The ERP solutions that were flexible released updates to support their finance modules wit GST compliance features.
3. ERP usage on mobile devices
Mobile-centric organisations are leveraging the capabilities of intelligent ERP systems to manage tasks using their mobile devices. One of the growing concerns not only in the ERP industry but also in the overall IT sector is the concern about security on mobile devices due to intrusion threats.
In the construction industry, payments and large-scale orders are managed using ERP software. Developers in ERP companies continue to find ways to make their secure solutions even better with important software updates.
4. Pushing productivity with automation
Earlier automation was all about reducing data entry tasks with automatic features in software. Innovative technology-based are emerging every day. Today, leading tech service providers including companies offering ERP for EPCcontractors are harnessing the power of business intelligence tools to support human workers.
Nowadays, tools simplify the workflow by automating numerous tasks beyond data entry.The capabilities of the latest ERP solutions give more time for human employees to create valuable business strategies and focus on other critical business aspects.
5. Making the right decisions with real-time insights
ERP solutions are continuously evolving. The quality of real-time insights is now getting even better with integrated devices and improved ERP architecture. In the construction industry, ERP solves several worksite-related problems with instant reporting features backed by real-time insights.
6. Personalisation of capabilities
With user research insights and technological advancements, the level of personalisation that can be achieved in Enterprise Resource Planning (ERP) systems have gotten better. These days, ERP is not just treated as automation software. Intuitive design features are being added to improve user experience. Minute features relevant to a business are being included in the ERP plans as part of customised features.
To cater to the customised needs of construction-based businesses, ERP solutions such as OMNI ERP offer standard features with flexible modules. This way, personalisation takes a new direction, by being much more than just adding a company’s branding on the platform.
7. Better collaboration internally and outside the company
Earlier, ERP solutions were implemented to solve an organisation’s internal challenges but it has changed now. Today, the ERP is used to collaborate with external stakeholders such as vendors, consultants and other key stakeholders.
For construction-based businesses, managing vendors through a vendor portal simplifies communication with vendors and improves productivity with a timely dispatch of materials from vendors. Other vendor management features also help to build relationships with vendors along with providing them a user-friendly platform to solve their queries.
--
Looking for the best construction management software in line with the latest trends? Check out the trusted ERP platform, OMNI ERP. To know more, contact _________
How to prepare for the implementation of ERP for project-based business?
Streamlining a business is no easy task. The bigger the size of the business, more complex will be the entire streamlining process. ERP for project-based business is considered for enhancing the business processes of organisations operating in the construction industry. Let’s explore the various factors that you need to think about while preparing for ERP implementation.
1. A clear vision for the business
If you are planning ERP implementation because your competitor has done it then that’s great. However, merely imitating your competitor is not going to help your business. You need a clear business plan as well as a vision for reaping the benefits of ERP software.
Here are few tips to get you started:
· Define your business goals and what you would like to achieve with ERP software.
· Note down the benefits and costs involved in ERP implementation.
· Make a list of all the goals you would like to achieve in the short term and in the long term.
It won’t be wise to sit down with your team and plan ERP-related goals after the implementation. Reputed ERP companies go ahead with the implementation only after researching the actual needs of the company and proposing a practical solution to meet the company’s requirements. You can refer to such proposals for assessing your ERP goals after the implementation.
2. Communicate with your teams
You cannot simply take a decision to implement ERP one fine day and expect all your teams to immediately start using it. Doing so can negatively impact the morale of the people working with you. Generally, decisions related to ERP are taken by senior management leaders who want a digital transformation in the workplace.
To ensure a smooth transformation, all the relevant team heads have to discuss the gaps in the legacy systems. ERP should be able to solve the organisation’s current needs and should be scalable enough to meet future needs from a practical perspective. Also, not everyone in your organisation may welcome change as they may be comfortable with the legacy systems.
Make relevant changes in your infrastructure. Maintain the legacy systems which can be integrated with the ERP. Once the management figures out the best constructionmanagement software for the organisation, they can use the help of the internal communications team. The communications team can plan and implement consistent enterprise-wide communication to inform and educate the employees about the digital transformation.
3. Build a new ERP team
To manage Enterprise Resource Planning (ERP) software, you may need a team. Of course, your ERP service provider will give you a comprehensive solution with after-sales services as per your contract. However, in your organisation you need a go-to team for discussing ERP-related concerns.
Why this is so important? Based on the size of your business, your IT infrastructure has been managed by an IT Manager or a team of IT specialists. While preparing for ERP, you need to build a team where managers from technical as well as business backgrounds are assisting the decision-making for the organisation.
It need not be a big team but a blend of technology and business professionals so that you get the right technology for the desired results from your ERP implementation. Also, ERP implementation takes place in phases. You need representatives from your organisation who can clearly communicate the tweaks needed in the software with your ERP companyto achieve your business objectives.
4. Plan a change management program
When your communication team sends out messages about a process transformation through ERP implementation, there can be reactions from employees. Some may feel threatened due to a knowledge gap in their skills and some may just be curious. Everyone will want to know more about the change. So, tell them and help them understand that ERP is going to make their workflow easier.
Your HR team can create a change management plan to introduce the change and highlight its benefits to employees across the organisation. Instead of being secretive, be transparent with your people. Train your department heads to support employees during the change.
Conduct user training in your offices for all the ERP users and give them hands-on training. All these initiatives will help your employees to feel confident about using ERP software and support you in fulfilling your business goals.
--
Need more advice on ERP for constructions and how to get ready for a successful ERP implementation?
Contact the experts who designed the flexible project-based ERP solution, OMNI ERP.
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