Need of ERP Software in Construction and Infrastructure Industry
Construction companies execute a wide variety of projects across diverse markets and customers. Each project has its own merits and demerits, and these projects could vary from simple to highly complex, each having different requirements and budgets for procuring materials, tracking project documents, managing scope changes, preparing forecasts, etc. There are a number of functions that could bring risks, and these functions must be effectively controlled. Labor Productivity, Procurement, Project Documents, Forecasting, Labor Productivity Analysis, Gross Margin Variance, and Cash Position are some of the functions that must be handled carefully and effectively by a project manager for the successful completion of a project. Many times, project managers have to break their heads to make projects progress in a smooth flow, and it is imperative for them to have the proper tools to manage their work more efficiently and effectively.
In the construction industry, there is always an asynchronous flow of operations during the project timeline. It is difficult to overcome unpredictable scenarios during a project, and the same can take its toll on the whole project. It is very difficult to measure and keep up with data with respect to the cost of tasks, profitability, and income generation. There is a lot that needs to be done to ensure that the construction work is successful and profitable.
Construction management and infrastructure projects are always complex missions, and the software used to manage these projects should reflect this.With the introduction of ERP solutions for the construction industry, there is a big relief for this kind of scenario, as this system can help the construction companies have a well-planned working strategy with every single project.
Construction ERP software is the one-step, easy process that results in maintaining information regarding the cost of a project, productivity, and revenue generation. Construction ERP software improves and coordinates operations within a project team because all information is accessible through a centralised system. Quick and real-time data to the management team empowers them to make better decisions on various inter-departmental projects while also streamlining all processes.
Construction ERP System Modules
Process that guarantees high productivity and profitability for your solution.
Let's StartBusiness Development / Land
The business development module essentially captures the starting point of the core development process.
- Create property information and capture land details.
- Location details (mapped into Google Maps)
- Land Agent and Payment Details of the Land Owner
- Google Maps Integration to Identify and Mark Lands
- Tenant Management (for SRA—Slum Redevelopment)
Sales & Service
- Integrated rule-based order entry, including EDI, online, and mobile
- Customer-level credit, collections, pricing, discounting, payment, and other terms
- Integrated commissions and royalties, including reporting
- Returns management
- Allocations and reservations
Legal
The Legal module assists the legal team in maintaining and managing legal templates and documents, as well as any ongoing court cases.
- Review and attach legal documents like sale deeds, contracts, etc.
- Court case management: enter and update court case hearing dates, alerts, etc.
- Organize Lawyer and Solicitor Data
- Budgets and Payments for Legal, Sanctions, and Related Work Orders
Leasing and Mall Management
This module helps the liaison team manage sanctions and approvals in an orderly manner while working with government agencies.
- Review and attach sanction details to properties, land, etc.
- Enter the documentation templates and letters required for standard NOCs and clearances.
- Enter payment information related to each clearance, and sanction
- Create a budget and manage it with respect to clearances from government agencies.
- Keeps a lease unit bank
- Asset Management
Engineering
The Engineering module assists with construction estimation and cost, as well as building management.
- Define the building's or project's work breakdown structure (WBS).
- Build a budget for execution and perform rate analysis.
- Project budgeting and costing
Contract Management
This module is used to register contractors, assign projects, create work templates for them, and monitor their performance.
- Contractor Registration and Grading
- Creation of payment templates
- Monitoring work completion (via the Internet)
- Automatic generation of RA bills
- Generation of work orders (with and without materials)
Material Management
Track material inventory and storage; examine project-specific material records and costing.
- Generation of requisitions or indents based on the project plan defined
- Issue slips generated from the site (via the internet); as needed
- Store management: keeping track of all GRNs and issues
- Stock reconciliation
HR and Labor Management
The Human Resource module captures all employee-related data, illuminating the need for a physical HR file for each employee.
- Create a labour or employee profile and designation.
- Manage all key data elements of an employee, including statutory requirements for PAN, permanent address, insurance, etc.
- Fully integrated into the payroll module, with e-payslip capability that automatically links to the employee's online inbox with history.
- All tax filing compliance, including eTDS, service tax, VAT, etc.
- Tax Master for easy configuration of new taxes and rules as and when they come
- Audit functionality allows auditors to be involved in the selection of vouchers for verification.
Financial Accounts
The finance module is the centre of all approvals as a final step to payment to a vendor or employee, besides handling all the accounting-related activities.
- The voucher creation process follows Draft, Submit, Approve, and Process Voucher.
- Automatic creation of Group, Ledger, and COA as defined in the configuration rules
- Automatic TDS, Service Tax Calculation
- Deduction and eTDS filing
- Audit functionality allows auditors to be involved in the selection of vouchers for verification.
Rental
The Rental and Leasing module allows the user to manage owned and rented properties that are put on long-term leases or short-term rentals.
- Make and distribute rental and lease stock.
- definition and creation of tenants; definition and creation of owners
- Creation of a term sheet with different transaction criteria (rental per sq. ft., fixed rentals, revenue share, tri-party agreements, etc.)
- Bulk Invoice Generation, Email Alerts, and Out of Collection Notices
- Receiving overdue generation and online notifications
Property Management
The property management module enables the user to perform all the key functions of managing the asset, including revenue and expenditure.
- Creation of Management Stock and Owners/Tenants Database
- creation of budgets for expenditure under various heads—housekeeping, security, insurance, etc.
- issue and management of work orders to subcontractors for various works
- Purchase and store consumable materials
- Invoicing and collection of CAMS (Common Area Maintenance)
- creation of a schedule of maintenance and activities
Tender Management
This module covers all functions for managing tenders, including creating and uploading tender documents, placing bids, and versioning bids.
- supports both inbound and outbound tenders.
- Version tacking and bid application
- Engineering and contract management are linked.
Construction ERP Benefits
We understand the needs and challenges of manufacturing industries and serve you with the right mix of technology and business experience . Our modules are specifically designed to reduce operational costs, speed response times, enhance customer satisfaction, and accelerate business processes.
Assimilation of Data
A web-based, centrally managed storage system ensures that data is easily managed, thereby increasing the overall efficiency of the system.
Better planning and analysis
Rexo Construction ERP provides an accurate analysis of raw materials required, effective utilisation of manpower, architectural design, and contract management, thereby eliminating unnecessary downtime in the project.
Streamlining Data
Having a single node for all information across all departments reduces time delays and efforts in managing the data and resources and hence streamlines the work flow, allowing projects to achieve their milestone goals faster.
Increases system efficiency
ERP solutions assist in extracting data and providing relevant criteria that need compliance prior to closing a query, thereby increasing productivity and efficiency.
Diversity of Business Processes
The ERP system supports diversified modules such as architectural designing, contract management, project phasing, inventory management, marketing and HR management, and accounting and financial management. This not only helps in the better handling of processes, but also organises regulatory compliance within the system.
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