EPC stands for Engineering, Procurement, and Construction. These activities plays a major role in executing and planning in transmission & distribution, rural Electrification, and Substations. Moreover, EPC is also used in civil engineering like road construction, bridge construction, solar panel assembly, water distribution network, and irrigation. These activities are prominent in infrastructural development of nation. Therefore, to enable smooth operations, the on-site inventories and expenses need to be tracked and monitored effectively.
ERP for EPC industry is heavily used in construction industry. Engineering includes basic engineering, planning, requirement planning, designing blueprints. Procurement includes procurement of raw material, logistics, transportation, invoicing, and billing. The construction part of EPC include building foundation, installation of electricity components, and civil engineering. Sometimes after sales service is also included in EPC project management industry. EPC drives the entire project management and control every operation that goes in the industry.
ERP stands for Enterprise Resource Management. ERP for EPC diligently plans and utilizes every resource in the EPC industry. ERP for EPC also monitors and tracks every operations and maintains a record of statistics so that a report of progress can be prepared at any instance. Construction industry relies on budget and timeline profusely, so completing the given project in expected timeline is extremely important. Site inventory, tender management, and bill generation are various tasks that ERP for EPC takes care of.
Lighthouse info provides an robust, comprehensive, and industry-specific ERP software for Transmission EPC and Civil Engineering Industry. Lighthouse ERP is the magnum-opus of Lighthouse Info. 35+ years of experience in implementation and designing of ERP software, Lighthouse ERP is constantly upgraded to meet the current digital needs for absolute customer satisfaction. Lighthouse Info’s technical expertise and mapping of key requirement helps it stay ahead of its competitors. Automation and Business Intelligence helps the industry to gain insights of current progress, and aids in strategic decision making.
Tender Management with Scope Break up i.e. Supply, Erection, Civil Work , Freight and Insurance, Type Test Etc.,
its timeline controls with Participants Analysis for future reference.
LOA with L2 networks mapped in Project WBS Management system
BOQs and Planning for Materials, Services and Resource requirement integrated with Purchase and Sub-Contracting management system
Material procurement against Supplies or Erection, controlled with Inspection Calls, Dispatch Instructions (DI) for multiple sites and in-transit material tracking
Site Inventory Management with tracking of delivery shortage, Material issues linked to sub-contractor’s work order and erection plan, Client Free Stock management
Site Management including Fund requisitions, Resources allocations, Site Expenses, Site Events related to time or quality losses, work Execution reporting with JMC details, Material Reconciliation
MIS for Billable Supplies, Bill Generations with various supporting, Tracking of Bills to Payment release cycle with capturing of various deductions and reconciliations. Price Variation (PV) Bill generation with indices based PV formulae
Highly feature rich and integrated Finance & Accounts system automating Tax management with focus on Project wise Budgets and Profit & Loss.
Various modules to manage several Business critical support functions like Bank Guarantee, Insurance Policy Management, Task Assignments and Actions and highly integrated Document Management.
Jobwork management: Sub-contractor performance and passing their bills for a project.
Information and records can be easily fetched as the data is stored centrally, so delays engendered due to geographical conditions are eliminated.
EPC ERP maintains finances and accounts properly, hence details of every transaction is maintained and stored centrally. Balance sheet can be prepared at any instance needed.
ERP software integrates the entire system, and forms a inter-connected network of departments and divisions to facilitate seamless exchange of information and communication.
Cost reduction plays a huge key factor in post implementation of EPC ERP. Piles and stacks of papers are eliminated due to digital storage of information, eventually resulting in misplacement of record resulting huge loss to business
Inventory is maintained and all the information along with reports is prepared to enable proper budgeting, and also to gain insight of profit and loss to the industry.