Managing a construction project brings several challenges, from controlling the works to financial management. Using an ERP system for construction companies can alleviate this feeling and be the ideal solution. Want to know how? Read this complete post. 

By the end of the article, check in detail:

• What is ERP?

• Main benefits of an ERP for construction companies

• When to hire an ERP for your construction company?

• What is the best ERP for the construction industry?

• How much does it cost to implement an ERP?

• Reduce on-site visits to projects by 50% by hiring Construct IN

What is ERP?

ERP stands for Enterprise Resource Planning. Its main function is to centralize and integrate data and processes from different departments into a single platform. 

Main benefits of an ERP for construction companies

See these 6 advantages:

1. Process integration

With ERP, you generally have an integrated business management system that covers all areas of a company, such as: Finance, Human Resources, Production, Logistics, Sales, and much more.

2. Financial control

You can control all expenses and revenues in real time. This facilitates cash flow management and the creation of detailed financial reports.

3. Project management

An ERP related to project management provides specific tools that help to monitor schedules, control costs, and manage teams. This ensures that projects are delivered on time and within budget, increasing client satisfaction and company profitability.

- Read also: What is remote project management? Understand!

4. Inventory optimization

Managing materials is important for any construction company. An ERP allows for more rigorous inventory control, avoiding waste and ensuring that necessary materials are always available. This results in greater efficiency and cost reduction.

5. Improvement in communication and collaboration

With an ERP, field and office teams share information in real time, centralizing data and facilitating information exchange. This reduces unnecessary communications and errors, allowing for more effective collaboration. 

- Read also: How to eliminate information decentralization on the job site

6. Improvement in decision-making

With access to accurate and updated data, construction managers can make more informed and strategic decisions. Detailed reports and customized dashboards provide a complete view of the company's performance and ongoing projects.

When to hire an ERP for your construction company?

Here are some signs that it is the right time to hire an ERP for construction:

1. Company growth

If your construction company is growing and manual processes or fragmented systems can no longer handle demands, it is time to consider an ERP. 

2. Difficulty in tracking processes

When there is difficulties in tracking processes from start to finish, resulting in delays in projects, errors, and rework, an ERP can centralize and automate operations, improving efficiency.

- Read also: Project tracking: what it is and how to improve it with Construct IN

3. Lack of data visibility

If you face problems obtaining accurate and real-time data about your construction company's performance, an ERP can provide the necessary tools for a clear and comprehensive view, allowing for better management.

4. Problems with financial control

Difficulties in controlling cash flow, managing budgets, and preparing financial reports are clear signs that an ERP may be necessary. A robust system can help organize finances and provide more efficient management.

5. Need for improvement in project management

If the management of projects is disorganized, with scheduling and cost control issues, a specific ERP for construction can offer the necessary tools for better planning and execution of projects.

- Read also: New feature: track project schedules with Construct IN

What is the best system for construction companies?

The best ERP for construction is the one that meets the specific needs of your company. 

How much does it cost to implement an ERP?

The cost of implementing an ERP can vary significantly depending on the size of the company, complexity of processes, number of users, and necessary modules.

In general, the costs for implementing an ERP for construction include:

• Cost of purchasing the software license;

• Expenses for configuring, integrating, and customizing the system to meet the company’s needs;

• Investment to train users to use the system efficiently;

• Recurring costs for updates, technical support, and ongoing maintenance of the system.

Reduce on-site visits to projects by 50% by hiring Visi

If you are facing challenges in project management, it may be the perfect time to consider hiring the Construct IN platform. 

The Construct IN is a software for remote project management that cuts the on-site visits to projects in half with 360° cameras on workers' helmets.

Do everything remotely and centralize reports, measurements, and conversations in one place.

Request a free demonstration and revolutionize the management of your project!