For the construction industry that is dependent on physical work and in-person gathering, this is what the COVID-19 pandemic looked like – No income for months, operations on a standstill, workers falling sick and having to self-isolate, worksites and offices shutting down, some staff working from home (where possible), supply chains creaking under pressure, redundancies and layoffs occurring, and cashflows slowly drying up.
While these are just the immediate effects, the construction industry fears long-term effects of the pandemic, including delayed or cancelled projects and losses on investments. This has affected most construction businesses, especially the smaller players. With the third wave ushering in, tough times clearly lay ahead for all.
There is only one silver lining in the current situation: Plan ahead. While architects, contractors, engineers, and suppliers have started working and collaborating digitally, the future of the construction industry involves video-call site meetings, filling digital orders and having a smart ERP platform to manage all business processes.
Coping with the current situation – The ‘ERP for construction industry’ action plan
To steer forward in the pandemic era, construction companies need to leverage digital transformation. Many large companies have already stabilized their operations and recaptured the market using technology solutions. While for construction SMEs, there is a prominent necessity for cloud-based enterprise resource planning – ERP software solutions for all your business needs.
Apart from serving as a survival kit in the pandemic, ERP for construction industry is solving myriad business challenges. These include working capital predictions, investment and cost visibility, planning for supply chain, procurement, financial closing and billing models.
Nowadays, construction businesses are leveraging the power of cloud ERP technology to assure business continuity. This means that now you can get instant visibility and control over all your business operations – from anywhere and at any time. Remote teams working in isolation can benefit from cloud data as it is accessible and secure.
In the upcoming times, the role of construction ERP in recovering the industry will boost multi-fold. So try to incorporate your business on cloud.
Six ways to stand in the competitive construction industry
Innovate your business and automate operations with SAP Business One Construction
SAP Business One Construction is among the top ERP software that has the ability to unlock proper project planning, budgeting and execution. It allows effective asset management, inventory management, procurement, customer relationship and more. If you implement SAP B1 for construction company, you will be able to access precise data and conduct predictive analyses. Such data and business management will aid construction players to avoid potential risk along with being able to capitalize on income opportunities in the changing times.
SAP Business One Construction is designed to encompass all pain points that a construction firm may face in turbulent times like these. Geography or privacy is no boundation for SAP B1 users as the software is capable of hosting multiple users through the cloud server.
B1 for construction company targets all the critical areas of a construction firm and can be customizable as per specific business needs. You can incorporate Business Intelligence, Artificial intelligence and other such digital capabilities with SAP Business One Construction to steer clear of remote working operations seamlessly.
The Future of the Construction Industry
The 6 prime reasons to go for SAP Business One Cloud ERP
The SAP Business One Cloud pricing is one of the major doubts the small business owners come across. Most of the time, the startup owners hesitate to go for Cloud ERP software due to a lack of information and poor research. And that’s why you need to know the following. Below you will get 6 prime reasons for choosing business on cloud.
6 prime reasons to choose SAP Business One Cloud:
- An assurance on ROI: Implementing ERP cloud software for your small business is a form of investment. The users of SAP Business One Cloud should expect a quick Return on Investment. The ROI comes in the form of better and faster decision-making, a boost in cash flow, customer retention, etc.
- Monthly payment scheme: The big question of SAP Business One pricing is resolved here. The user/users need to make the payment to the ERP service company monthly. Some of the companies offer monthly payments of SAP Business One Cloud per user basis.
- Auto-update feature: The ERP software gets automatically updated quite easily. The software patch updates and version updates are carried with no or minimal help.
- Data integrity and security: The data fed into the software remains secure and safe from external interference.
- Proper utilization of resources: The ERP cloud software enables the users to utilize the available resources effectively. The software allows the internal staff to add value to your startup.
- Zero hardware hazards: SAP Business One Cloud demo is undertaken by the ERP companies to make the users accustomed to the processes of the ERP software. The enterprise need not worry about hardware-related issues anymore.
The one-time investment in implementing SAP Business One Cloud ERP is efficient in streamlining all the processes of your new small business. So sit back and watch your startup flourish.
Construction Industry Trends in 2021 You Must Know About
Why the SAP Business One solution is suitable for small enterprises.
Scalability:
Scalability is one of the biggest benefits of using SAP Business One India. It is designed to ensure easy scalability for businesses with as low as 25 users to thousands of users. SAP B1 can handle any number of business transactions like a breeze. The Cost Management and Accounting feature enable businesses to keep their costs under control and boost profitability.
User-Friendly
With the leading SAP Business One partner in India, you can implement SAP B1 in your processes and enjoy its whole range of benefits within a few weeks. SAP is so agile and flexible that SMEs can quickly respond to the changing needs.
Compatibility
SAP Business One offers greater convenience and compatibility. You can use this on various devices, including as a mobile app. You can use the ERP even while on the move. It allows you to operate your business on both Android and iOS devices anytime and from anywhere.
Affordability
All businesses, big or small, must operate within specific parameters of cost control to remain profitable. SMEs love SAP Business One not only for its specific features but also for its affordability. Your SAP Business One provider will help you stay in control of every aspect of your business. And reduce the overall operational costs with its powerful features and functionalities.
By partnering with the best SAP Business One India provider, you can take your small and growing business to greater heights of success. They will also make sure you enjoy the optimal benefits of the various features of this reputed ERP platform that’s transforming the way small enterprises are running the show. You alone can answer the first one. You don’t really have to wait for your business to grow to adopt SAP solutions.
Final Words
The ongoing pandemic has turned out to be a catalyst, to amplify the drive towards digitization and automation. Construction companies that want to future-proof themselves. So of any adversary need to adopt end-to-end ERP solutions that cater to the A-Z needs of a construction company. SAP Business One Construction does this and much more – integrating all the required modules from tendering & estimation to CRM, accounting, supply management and beyond, making the operations streamlined and simpler to execute.
