What is Construction ERP ? | ERP software for Construction Industry in India- 2021

Published on : Dec 17, 2020

Publisher : Rohit M.

Enterprise Resource Planning also known as ERP is a integrated software which helps to run and manage companies and businesses. ERP software completely converts the way how the operations proceeds. The ERP can yield much profit to the organization as it absolutely automates the entire process and series of operations that take place in industry or company. In ERP software, various ERP modules communicate together to exchange important information and statistics that contributes to better decision making. In today’s digital scenario, ERP software is much needed in every industry to smoothen the operations.

What is construction ERP?

Construction ERP or ERP software for construction industry is a software which facilitates the industry to improve the work-flow to achieve maximum output by monitoring operations. Construction industry is extremely labour intensive, involves various steps and operations in order to function fluidly. Enterprise Resource Planning software helps the construction industry in to attain proper work-flow by monitoring all the operations. Furthermore, the software also helps in yielding much profit for the industry.

ERP system in construction industry is similar to other ERP systems like ERP for steel industry, ERP for Metal industries, and ERP for power transmission industry. Various modules of construction ERP are similar to those of above mentioned. The key and the only difference between these ERP systems or software is the way it interacts with the industry operations. Some modules differ from each other due to slight difference the way these industries function. The key operations in constructions industries are building structures, planning, mapping, equipment procurement, labour allotment, cost of building, budget planning, resource planning, etc.

ERP for Civil Engineering & Road Construction takes into consideration the operations mentioned above, and works accordingly to achieve great results. Construction ERP software automation decreases the human intervention, therefore decreases the probability of sizable errors.

In addition to that ERP software stores all the information digitally, hence the stacks of paperwork can also be eliminated resulting in cost cutting. Paper work can result in misplacement of important documents eventually leading to brobdingnagian loss in business. To avoid all these hurdles, ERP software for construction industry is the necessity of the hour.

Who need construction ERP?

Construction ERP is for construction businesses of all sizes. Construction industries need construction ERP software as the ERP software is industry specific. Majorly, the construction companies or industries which operate in multiple countries or states, needs a centralized system so that every piece of information is stored and located centrally. This enables the company or industry to access the information easily avoiding delays.

Construction industries involves tedious operations, and to manage those operations ERP software is of great significance. The HRM and CRM module of ERP software for construction manages the customers and Human Resource to great extent otherwise quite difficult to handle or manage. Construction industry changes rapidly, and for that the industry needs a ERP software which can adapt those changes and plan future operations appropriately.

What are the benefits of construction ERP?

Top 5 benefits of ERP software for construction industry:

Optimized Planning

Planning the resources is paramount. Improper planning can lead to poor results, and also can end up disastrously. In return the business can also shutdown. To avoid this, proper planning for resources is important. ERP software helps the company or industry to plan the steps and operations keeping the business one step ahead. Planning for labour, raw material required for construction, and material allocation is of great significance.

Project Management

Project management is of key aspect when it comes to construction industries. There are plethora of projects which needs a separate team for managing it. In ERP software, project management just becomes another task and every information and detail related to project is right there on the screen and ready to be executed.

Revenue and Cost estimation

Revenue and cost estimation differs from company to company. Before acquiring the project, many companies need to put a bid for the tender, which then gets selected. Most of the client select the bid for tenders depending up the plans, costing, and reputation of the company. ERP software evaluates every detail and accurately estimates the cost of raw material, labour, and the duration for completion of project.

Centralized Storage of Information

Most of the construction companies have multiple clients. Catering to their needs and requirements, companies maintain records of each client separately. Access to these information records can sometimes result in delay due to geographical hurdles. To eliminate this, ERP software maintains stores all the records centrally, so that when the need arises, required record can be easily fetched.

Strategic Decision Making

Often while making decisions, certain aspects or details gets overlooked, that results in poor decision which affects the entire business or project. Data and statistics plays key role while making these decisions. ERP software fetches these information, and then create an estimation for the management team to take strategic decisions.

What software do construction companies use?

Countless construction companies use ERP software for their business operations. This is due to the fact that construction companies are large, and sometimes improper management in construction companies can lead to disaster. To steer clear of such repercussion, construction companies use industry specific ERP software. Construction ERP software helps maintaining all the information centrally, making the access to information easy. HRM and CRM modules in ERP software contributes much to proper function and allocation of labour. Hence most of the construction companies use ERP software.

What is ERP in Civil Engineering?

Civil Engineering needs profuse planning and execution. Civil engineering includes building roads, bridges, dams, and water distribution networks. Civil engineering includes detailed planning of expenses and budget billings for raw material, labour payments, and transportation. All these activities and operations requires a flexible solution to deal.

ERP software for Civil Engineering proffers solution to all these problems of management. ERP stands for Enterprise Resource Planning. As the name suggests, ERP for civil engineering helps the industry to plan all the operations meticulously. Every detail is handled exceptionally. ERP software for civil engineering helps in managing day-to-day expenses and project keeping the deadline in check. ERP software completely automates and integrates the system so that every information required in available instantly eliminating delay causes due to human intervention. This is why civil engineering industries need ERP software.

What is role of ERP in infrastructure?

As economies are growing rapidly, the infrastructure industry is keeping pace with it. The growing infrastructure is creating brobdingnagian challenges in the industry. To resolve and take on these challenges, infrastructure industry needs a one stop solution. ERP software is the perfect solution for infrastructure industry. Asset management, inventory management, procurement management, Human Resource Management, Customer Relationship Management, etc can be managed with ERP software for infrastructure industry with ease. Project budgeting, planning, and estimation are key features of ERP software for infrastructure industry. All the task and activities can also be scheduled accordingly in ERP software to avoid delay in execution of any task. All this is possible with help of automation and system integration in ERP software.

What ERP in Real Estate?

Real Estate is one of the booming industry in today’s scenario. To keep up with this rapid growing industry and to stay in competition, real estate industries need to constantly upgrade themselves and their way of operations. To stay in demand, real estate industry need to upgrade to ERP software for managing the work-flow and operations.

ERP software for real estate industry is a boon to the industry. Various modules of ERP software like inventory management, tracking tool, etc helps the industry to avoid hurdles and work smoothly. Automated operations, sales assistance, and CRM integration helps the real estate industry to stay in the game. The competition in the real estate industry is extremely high, and many players are switching to digital ways for managing their business. So ERP software is crucial in real estate industry.

Lighthouse ERP for construction industry

Lighthouse ERP is the quintessential ERP software. Lighthouse ERP software is designed to meet all the needs and requirements of construction industry. In Lighthouse Info, we 30+ years of experience in providing ERP software solutions to plethora of industries not limiting to construction industry. Our expertise in ERP software has made us one of best ERP software industry. Lighthouse ERP completely integrates the system to achieve excellent results in the business.

Modules in ERP for Construction, infrastructure, civil engineering, and real estate industry

There are 5 core modules of ERP software which are:

Finance and Accounts

Finance and accounting module facilitates easy management of all the budget planning and accounting. This modules keeps the track of every transaction in the industry. Proper budgeting helps narrowing the path for future procurement of raw material and payouts of human resource. Account module prepares the balance sheets which in return provide the statistical analysis of profit and loss, assets and liabilities.

Procurement

Procurement module enables the ERP software to prepare the requirement of raw material keeping in check of budget for newer procurement. It also manages huge data in coordination to inventory management. The module also manages supplier information, quotations, and purchase history.

Design and Engineering

Design and engineering module helps the ERP software to maintain proper record of designs for each client. Construction industry needs plethora of designs, and to keep all the designs in record, this module is responsible. Moreover engineering module helps the software for cost estimation of specific project. Planning, scheduling, and contracting is also done by this module.

Customer Relationship Management

Customer Relationship Management module keeps the track of customers and clients, keeping track of every transaction that took place with the customer. It also manages to maintain healthy relationship with customers. Lead conversion and campaigning is also a part of this module. This module also sends newsletters and promotional emails and SMS to customers.

Human Resource Management

Human Resource Management or HRM module enables the software and management team to allocate human resource and staff to specific task based on the skills of the employee. HRM module also helps keeping track of employee, maintaining their detail, and scheduling tasks for them.

These modules of ERP software are integrated, i.e connected with each other to enable easy exchange of information when required. The modules form an network resulting in system-wide integration.

Conclusion

To sum up, ERP software has many advantages and benefits that helps the business stay in harmony with the market. Hence the software is pivotal for construction, real estate, infrastructure, and civil engineering industry.