Regardless of which segment of the construction industry a company operates in, opening up to ERP systems is an effective way to stay competitive in the market. The software offers integrated solutions that support all aspects of operations, including planning, project control, and cost and revenue estimation. We have identified four key benefits of using ERP systems in the construction industry.

Before ERP systems, many companies used individual methods for administration. Typically, they kept the necessary data in different Excel spreadsheets, which often led to inaccuracies. With ERP systems, this inconvenience can be avoided and reporting becomes easier.

An effective ERP system can make it easier for managers to monitor activities, including project status, delegate assignments and create milestones. The use of real-time data also allows contractors to see staff time and bill clients more efficiently. Efficiency is also greatly influenced by how optimized the procurement process is. Business Central can serve as a comprehensive and advanced project management tool by linking sales, finance, resourcing, delivery and subcontractors on a central platform.

Managing and compiling data for various tasks using Excel spreadsheets or PowerPoint presentations is not necessarily efficient or practical, let alone secure. ERP software streamlines data exchange by providing resources and firewalls that support optimal data security. Business owners can restrict access to data so that it is only available to customers or employees if necessary.

ERP systems can help to more accurately estimate raw materials, designs, labor and project duration, ensuring that actual costs do not deviate significantly from planned costs. In addition, ERP software can be used to track revenues and expenses from individual projects, allowing for more efficient time and cost management of future projects. Business Central can be a valuable tool for construction companies to identify potential clients and projects that fit their profitability model.

Overall, Business Central is an end-to-end solution for operators in the construction industry: it offers complete process management and brings a new dimension of efficiency by leveraging real-time information.