According to our research, each growing real estate developer or contractor must provide an ERP Software for its business. Although many people (approximately 40-50%) still do not use ERP software enterprise-wide, let’s look at several reasons why real estate companies must have an ERP software.
Use of outdated tools such as Microsoft Excel or multiple software for each module
There is no doubt that Microsoft Excel is a powerful tool (we also use it for specific internal purposes). It’s easy to enter formulas and customize rows and columns as needed. However, if you are dealing with complex formulas such as GST calculations, you will be in a terrible state. Furthermore, errors are inevitable because most of the work is manual. Therefore, if a company only relies on spreadsheet software to help make business decisions, it is meaningless.
Many companies also use different software for each module, such as Tally, Oracle Financials, SAP FICO for finance/accounting, SalesForce, Zoho for CRM, etc. This may be beneficial in the first few years of the company, but it may encounter challenges during the growth phase, especially if you have to update every software for every version. However, if you have a single software for all modules or the main software with additional components, not only will all your data be concentrated under one roof, but only one software update is required. It is like a one-stop solution to meet your real estate or construction business needs.
We recommend against using outdated or multiple software to manage each process, and hop on a scalable 360-degree solution for your real estate company, such as Real Builder ERP, and explore the tremendous possibilities it can provide.
Information about your Business in real-time
As a company grows, maintaining data becomes difficult without effective software. ERP software eliminates the possibility of entering multiple inputs and updates the information in real-time to constantly update the information about all modules and related users. All departments need to be in sync as this saves redundancy and allows users to focus on existing data, and help owners scale their business.
Provide Meaningful and In-depth Data Insights
Although most software can help you maintain data, many software does not give you deeper insights into the business. The company needs to have an ERP software that can provide dynamic reports with the help of Business Intelligence dashboards.
Real Builder ERP provides business owners with deeper insights in real-time that other software usually cannot provide.
Automation of Business Processes
Automation integrates different business processes and improves communication between users working in various departments within the organization. When employees in one department wait for employees in other departments to complete tasks, or when a piece of information is not available, productivity is reduced. Real Builder ERP system can automate these business processes and store data in a central location. This not only helps users to access data quickly but also enables automated communication between departments.
Wrapping Up
Real estate ERP software contains integrated applications like financials, purchases, sales, leads, projects, engineering, etc., and the information in these modules must be automated. For example, when processing a new purchase order, the software may automatically prompt for interaction with the finance, purchasing, and expense departments. This type of ERP software automation can have multiple benefits, including reducing daily errors and unintentional data duplication, as well as streamlined communications, thereby saving time and reducing operating costs.
If you are looking for ERP for your business, please get in touch with our team at +91-8799316235 to find out how we can increase your revenue and reduce operating costs.
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
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
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
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.
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.
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 construction – Almost 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.
