Top Benefits of Construction ERP Software in the Real Estate Industry

In today’s digital world, most construction and real estate businesses are found to operate in a traditional way. However, according to a survey of the construction industry by JBKnowledge, the workflows that are most dependent on software were identified: Accounting (85%), Estimation (60%), Project Management (50%), and Scheduling (50%) are the same workflows that rely heavily on spreadsheets, highlighting the major operational and financial risks in the real estate and construction business.

Real Builder — an integrated Construction ERP software, is required to eliminate human error and reduce productivity that occurs in real estate and construction business processes. Real Builder Construction ERP streamlines and automates all business processes, such as sales, human resources, procurement, inventory, etc, with the latest technology to deliver insightful and meaningful data/information.

This article discussed some of the benefits of Real Builder Construction ERP software to help real estate & construction business owners understand the importance of integrating it into their business.

Automation of Manual Tasks

Construction ERP Software

Real Builder can help automate traditional business processes and increase the productivity of employees in an organization.

For example, if the marketing department must wait for customer data from the sales department to implement a new marketing strategy, it will reduce the overall productivity of the process.

With a Construction ERP system, all relevant data can be stored and updated in a centralized platform that everyone can access. In addition, the use of the best Construction ERP software eliminates manual tracking of data, breaks the traditional silos in the organization, and improves the efficiency of business processes.

Centralized Data Storage & Management

Every business process involved in a real estate or construction project must be carried out simultaneously to complete the project. To this end, Real Builder Construction ERP software provides a unified and secure platform to facilitate data storage and management. Business owners can dynamically track and analyze project data to help them accurately calculate the financial costs incurred. The synchronization and efficient tracking advantages of Construction ERP software improve project efficiency and productivity.

CRM for Effective Sales and Marketing Strategy Implementation

Construction ERP Software

Sales and marketing play a crucial role in the success of an organization. Implementing effective sales and marketing strategies can meet customer expectations and build a loyal customer base. Real Builder Construction ERP software provides a CRM that helps marketing and sales professionals store and track all data related to potential customers in real-time.

Any real estate or construction business aims to provide quality work and meet customer needs on time. Without taking advantage of Construction ERP software, it may be difficult for sales and marketing executives to track customer data and implement effective marketing and sales strategies.

Overall Reduction in Project Cost

In order to obtain new projects from clients, real estate and construction companies must provide an accurate budget estimate and the time required to complete the project. Based on these two crucial factors, as well as the design of the project, the reputation of the company, etc., the clients would propose a bid to the appropriate company.

The customizable Construction ERP software like Real Builder can accurately predict the costs of a project and the time it will take to complete it. They ensure that the project’s actual cost does not exceed a significant portion of the projected cost. In this way, construction or real estate companies can effectively use resources and workforce within the allocated budget and time frame.

Optimize Project Management

Construction ERP Software

Many well-known builders and construction companies have faced downfalls due to improper project planning. It may cause huge losses to the company or lead to the completion of a poor-quality project. In addition, project delays or postponements due to poor planning can also damage the company’s reputation.

Before initializing a project, it is necessary to accurately map the resources such as raw materials, labor, engineers, etc., that are required to complete the project. Real Builder ERP software can be used to track resource procurement and financial costs incurred during the process. As a result, project managers can use a single platform to allocate budgets and resources effectively. In addition, with the advantages of construction ERP software, it is easier to complete projects on time, thereby increasing productivity and reducing costs.

Final Thoughts

Now that you understand the importance and benefits of Construction ERP software, the next logical step is to integrate it into your real estate and construction business.

Our Construction ERP software, Real Builder, specifically assists real estate developers with business challenges by automating repetitive tasks and tracking data in real-time. If you are looking for a Construction ERP for your business, please get in touch with our team to find out how we can increase your revenue and reduce operating costs.

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.

Construction ERP Software

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.

Construction ERP Software

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.

Construction ERP Software

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.

Construction ERP Software

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.

Construction ERP Software

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.

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Improve productivity of your construction business in Covid 19 crisis through the best real estate management ERP software

Nowadays, from the Corona Crisis many real estate owners facing different types of problems while handling their businesses like managing employees, inventories, building construction, and many more. Don’t worry with the right selection of Real Estate ERP Software you can easily handle these hectic tasks in short durations. In this regard, Real Builder Management Software provides a smooth process so you can run your businesses without putting in too much effort. The software programs designed for the real estate industry are scalable so you are able to grow with them as your business continues to grow. There are many things one can do with real estate software and they comprise the following:

  • Manage employees –  When you have Real builder management software you can easily manage numbers of workers without any hassle. This software offers you multiple employee logins and hierarchies according to your organization structure. With this system, you can manage the daily reporting of your employees and also monitor their performance in real-time. The software is one of the Best Constructions Management Software that will make your task more efficient during Corona Crisis.
  • Manage inventories – Construction businesses include a huge quantity of materials. It is not an easy task to handle worksheet of inventories manually. Due to having manual work for creating worksheet of inventory section many real estate owners have to suffer from different types of errors. In order to manage all these problems, you can use Construction Inventory Management Software. With this software, you can worksheet on inventories in a few minutes without any errors. Also, this software provides you alert notifications so you can easily recheck your list of inventories.
  • Manage building constructionAlmost every real estate owner wants to manage work more efficiently so that they can easily make their reports of building construction without any hassle. When you use the Building Construction Management Software of Real Builder you can easily fetch yearly, monthly and daily reports. You can also keep abreast of all pending activities so you do not leave anything of impotence out.

Further, you have big real estate business or small one need proper supply chain management system so that you can easily handle co-ordination of people, properties, process, vendors, information and resources. From that, you can deliver the best products or services to the end customer. By using Real Builder Real Estate Supply Management Software you will easily handle such types of situations in an easy way. The software offers you quick response and real-time information through which you can make quick decisions without any problem. Also, the software is cost-effective and user- friendly so you will never face any type of disappointment while using this software. The software is the best solution for a real estate management system.
Apart from that, Real Builder real estate management software offer number of other benefits such as helps you in keep recording of profits, losses and operational cost; help you in getting financial reports without any errors, help in managing tenant accounts, and many more. Thus, to manage the real estate business in Corona Crisis effectively real estate management software by Real Builder is the best choice.