5 Reasons Why Construction Businesses Should Have a Cloud ERP System

4 minutes read - February 25, 2022 - by Yondu Team
Understand why businesses in the construction industry should have a Cloud ERP System.

In this article, we will know the major benefits of the Construction Cloud ERP System.

Like any other business, the construction industry is facing many challenges due to the abruption caused by technologies.

Construction companies face difficulties in project management and communications.

Because of this, there is a need for an advanced business solution capable of relieving the existing challenges.

What is a Construction Cloud ERP System?

ERP stands for Enterprise Resource Planning. It essentially integrates and automates major business processes.

ERP is a system where employees can perform actions related to supply chain, accounting, inventory, service delivery, CRM, and everything in between.

The system can be deployed on-premise. It means that it is installed locally. On the other hand, ERP can also be deployed on the cloud. It is deployed via Saas or Software-as-a-Service. This means that this application can be accessed via the internet.

There is no one-size-fits-all ERP solution because of the specific needs of each company from different industries.

In the construction industry, the day-to-day setting is very different compared to regular companies. Most of the employees are reporting on-site. The remaining are in the office building. 

This is why there is a growing need of construction companies for an ERP system specifically designed to address their common pain points – communication, project and budget management, and integration of core processes.

A Construction ERP System keeps projects and drives business growth and puts managers, supervisors, subcontractors, and customers on the same page. 

Why should Construction Businesses have a Cloud ERP System?

An ERP System for a construction business brings so many benefits- from project planning, management, to development.

Here are the top 5 major benefits of a Construction Cloud ERP System:

1. Real-Time Tracking of Projects

Construction Cloud ERP System allows easy management of projects, accounting, payroll, and inventory. With this, project managers can easily view and track essential details of a construction project.

Project management and accounting integration causes real-time views of active and completed tasks. 

More importantly, everyone involved in the project can track all the aspects of the project, such as active and completed tasks, time by employee, and project profitability. 

Since the system is set up on the cloud, the ERP System for construction connects the field and office to exchange data easily and instantly.

2. Elimination of Costly Delays

A Construction Cloud ERP System allows streamlined data exchange between teams inside and outside the office building.

With this, the team can address essential issues immediately – before they cause costly delays. For example, a project manager can submit an expense report while on the field. The expense report will go directly on the system, where a manager will look at it, approve it, and turn it into an accounts payable invoice.

This streamlines the process and eliminates manual data entering and waiting for the project manager to go to the office to access the system. 

Cloud construction management software allows everyone in the project to communicate appropriately to make smart decisions. 

3. Automation of Workflows to Increase Collaboration

One main problem of the people in a construction project team is the complex and manual workflow. If a subcontractor has an inquiry, they will approach the contractor, who will then submit an RFI to the architect, who will request clarification from a consultant. 

By the time the answer arrives, it becomes outdated because of the delay. A Cloud ERP system for construction companies provides workflows that increase collaboration across the whole team.

This automates tasks and processes, uses intuitive dashboards and alerts, and utilizes powerful business intelligence tools.

As a result, the Construction Cloud ERP system eliminates multiple manual steps and duplicated data entries.

4. Streamlined and Enhanced Communication

Getting dozens of emails makes it hard for individuals in the projects to identify significant concerns instantly because of the high volume and cluttered email structure.

When people on the field can access work emails, they can easily communicate effectively and turn emails into actionable tasks.

This minimizes downtime and eliminates unnecessary costs and delays. A Cloud ERP system for construction companies helps in eliminating multiple processes to update project activities with a simple, easy-to-use Outlook Add-In.

5. Ability to Log On Anytime, from Anywhere

Connecting the field to the office is crucial, especially in an industry like construction. The great news is that the cloud makes it possible.

A Construction Cloud ERP system makes it possible for the team to document and update project data from anywhere in the field.

Eliminating the need to chase down contracts, insurance documents, RFIs, change orders, and project plans causes employees to move forward while working in the field efficiently.

Wrapping Up

A Construction Cloud ERP System empowers stakeholders and employees in construction businesses to keep projects running smoothly and profitably.

It helps the whole team be connected to deliver a service that will delight clients.

The great news is that Yondu Inc, the leading IT company in the Philippines, offers a Construction ERP System by Acumatica

Acumatica is a leading innovator in cloud ERP with customers worldwide. 

Bring your construction business to the next level and let it experience the undeniable benefits of a cloud ERP system. Increase collaboration, streamline processes, and increase profitability NOW.

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