5 Essential Modules You Demand in a Construction ERP Software like Real Builder
When operating a construction business, you may encounter several challenges, such as difficulty in project planning, machine maintenance, document management, multi-project monitoring, financial management, etc.
But what if there is a software that can automate and help overcome these challenges and increase the company’s productivity? Well, a complete construction ERP software can help builders and contractors overcome the daily challenges they face and obtain a positive return of investment (ROI) from different projects.
But how can construction ERP software help you overcome these challenges?
A construction ERP software usually has a set of modules that can help companies automate processes. These modules combine many functions required for the regular operation of the company. In the construction field, some essential modules can be Machine Maintenance, Customer Relationship Management (CRM), Procurement, Project Execution, Finance & Accounting, etc. Every construction ERP has a unique way of defining modules, but these are essentially required.
An ERP software like Real Builder also has all the modules to give you a complete overview of your construction business on a single platform.
Essential Modules of our Construction ERP Software
This article will introduce five essential modules in Real Builder that can help the construction industry.
They are-
- Finance
- Procurement
- Project Execution
- CRM & Sales
- Machine Maintenance
1. Finance
The construction industry is one of the important contributors to the Global Economy, but there have been problems in managing financial expenses since its inception. Whenever the cost exceeds the budget, the business owner falls into the dilemma of how to execute the project without exceeding the budget.
In order to help these owners ease their tasks, the financial module of Real Builder construction ERP software provides all accounting requirements, with particular emphasis on the ratios and measures specific to the construction business.
Features provided by the financial module of Real Builder:
- Maintains Financial year-wise Transaction details Generation of vouchers with Authorization
- Bank reconciliation and Cheque return status maintained
- Auto Calculations of TDS, GST and other taxes before payments
- Integrated with all Modules GST Tracking
- Manage budget and its variance
- Auto Generation of balance sheet so as to get the Financial Snapshot of entire Firm.
- Auto calculation of GST and TDS on payments
2. Procurement
The construction industry requires a lot of materials and resources. However, it takes hours and a lot of effort to manage such a large amount of data through traditional processes to submit orders, check inventory, record purchase history, coordinate with suppliers, and so on. But Real Builder’s procurement module automatically performs these tasks to provide accurate results.
The full-fledged procurement module helps to reduce inventory levels, improve on-time delivery, increase cash flow and increase profit levels.
Real Builder Procurement module has the following features:
- Indent Generation with Approval
- Enquiry Generation along with Comparative Statement
- Purchase Order Linked with indent & Quotations GRN with optional weighbridge Interface
- Item Wise Rate History
- Material QC integrated with Stocks & PO Purchase Order Life Cycle Analysis
- Tracking of Un-billed Material & delayed supplies Reduction in events of delay in material received Better pricing
3. Project Execution
The construction industry is faced with the complexity of project planning and its cascading effect when the schedule changes. In addition, when the project development period exceeds the specified time, there is a possibility that the costs of materials and other resources may vary. If the project is mishandled and missed the deadlines, the industry could face very few profits or even losses and some dissatisfied clients. Therefore, it must be monitored perfectly.
Real Builder will help overcome these challenges, improve efficiency, maintain product quality, meet customer expectations, thereby helping the company survive in this highly competitive market. The software also manages every aspect of the project, from quotation estimates to final invoices, putting project progress at the top priority.
Features of the Real Builder Project Execution module:
- Defining a Project and setting up BOQ Generation of Work Plan for Contraction Cost & Quantity Estimation as per BOM
- Assigning Contract along with rate comparison chart
- Daily Progress Reports
- Work Order Processing & payment
- Actual Progress Mapping to find Deviations Material & Resource Requirement as per BOM BOQ Wise Cost Calculation
- Verification of Contractor’s billing
4. CRM & Sales
The construction industry needs to manage large amounts of customer data, and the use of traditional methods such as spreadsheets and e-mails will become more complicated. To simplify these tasks, the construction ERP software stores customer data and performs all activities from contacting customers to tracking each customer’s inquiries.
Real Builder construction ERP software has a Customer Relationship Management (CRM) module that can manage all sales activities, such as payment recovery on time, auto discount calculation for timely payments, define customer wise payment schedule, etc.
Features of the CRM module in Real Builder:
- Define Multiple Unit Price List & Schemes Unit Booking Linked with CRM
- Define Customer wise Payment Schedule And Unit Transfer & Cancellation mechanism
- Generation of Booking/Demand / Possession / Letters
- Payment recovery on time
- Auto discount calculation for timely payments Unit status display & unit wise outstanding Tracking of Customization in Units
- Interest Posting for Delay Payments And Better Broker Management
5. Machine Maintenance
Machine maintenance is the process of maintaining machine and equipment to ensure a continuous operating condition. This can include maintenance, which is done as part of a regular procedure or before any kind of breakdown or damage – things like cleaning surfaces, lubricating gears, and checking for wear and tear on parts such as belts.
Most construction companies store mechanical data everywhere, but sometimes this information is difficult to access or maybe nowhere to be found. Hence, it is imperative to use machine maintenance tools in ERP software to retrieve real-time data about your equipment.
Real Builder provides the following features in the Machine Maintenance module:
- Maintains Data of Machines & Equipment
- Tracking Record of Fuel & Spare Consumption
- Service Due Report
- Daily Running Report. Machine Breakdown Report
- Equipment / Vehicle Log Report. Machine / Equipment history
- Machine maintenance record. Machine wise cost of operation. Complaint Tracking
Wrapping Up
The construction industry expects to achieve significant growth in the next few years. Despite the ongoing uncertainty of the COVID-19 pandemic, global construction growth will hit 5.7% in 2021, after falling 2.4% in 2020. While the global industry has recovered from the COVID-19 crisis, the global industry has incurred huge costs in terms of lost revenue, says Global Data, a leading data processing and analytics company.
According to Global Data’s latest report, “Global Construction Outlook to 2025”, the global construction industry will continue on the road to recovery after the restrictions imposed in 2020 to curb the spread of COVID-19 cause severe damage. From 2022 to 2025, global output is expected to increase by 3.7% annually on average.
Real Builder Construction ERP software helps organizations effectively integrate processes and complete data under a single platform to achieve effective service operations. The software also understands the behavior of the organization in order to run better than any other software. Real Builder combines a set of integrated modules to provide end-users with a comprehensive and complete solution. Real Builder will help real estate developers move towards an increasingly digital world and effectively manage their daily activities.
So, would you like to try the best Construction ERP Software for your real estate business? Get schedule a demo with one of our sales representatives and see for yourself how awesome it is.
If you have any queries related to Real Builder ERP, don’t hesitate to get in touch with supportdesk@dataman.in, and we’ll be in touch via email.
