Implementing an ERP system for construction can significantly improve business operations and minimize company expenses. The particular benefits you can achieve with ERP deployment depend on the specific type of software you plan to use in your organization. Some solutions, such as Microsoft Dynamics 365 Finance and Supply Chain Management, are particularly effective for optimizing businesses in the construction industry.
In this article, you will learn more about the benefits of this ERP system for a construction company.
Streamlined Business Processes
Your ERP system will act as a centralized platform for business operations that can be used to manage all sorts of aspects related to your project. Such ERP systems as Microsoft Dynamics 365 FSCM also offer a high level of automation and a friendly user interface that makes working with the software more convenient reduces the number of errors and eliminates unnecessary manual work.
A centralized platform also improves communication and collaboration between suppliers, customers and teams. This is critical to business productivity as it can improve information sharing and minimize communication delays that can cause unnecessary costs.
FSCM can be integrated with other Microsoft Dynamics 365 products. This ERP system can be easily combined with CRM features, giving you a comprehensive software suite that supports many other tasks such as sales, customer service, marketing, commerce, human resources and more.
Cost Reduction
One of the core functions of an ERP system for construction is real-time inventory and warehouse tracking and management. It helps companies use materials more efficiently and avoid wastage and oversupply.
While this feature is present in different ERP products, Microsoft Dynamics 365 FSCM has an enhanced offering that can further boost your construction company’s profitability.
First of all, it is powered by AI, which enables more accurate predictions for supply and demand improving material management even more.
Secondly, FSCM is equipped with the Internet of Things (IoT), which allows companies to track the performance of their machinery and vehicles in real time and supports both manufacturing and logistics. This helps in maintaining assets efficiently, scheduling conservation work, choosing the best routes for delivery and avoiding costly downtime.
Finally, unlike many other ERP systems, Microsoft Dynamics 365 Finance and Supply Chain Management also has a particularly promising flexible licensing plan. While the license is based on monthly payments instead of annual fees, you can change the number of ERP system applications and their users at any moment. If you need to downsize your business, you can easily reduce the license cost.
Improved Project Management
Many of the features of a powerful ERP system mentioned above, such as managing assets, inventory, and warehouses can greatly improve your project management. With an ERP system, you can track projects and accurately schedule tools and work, as well as allocate resources for its completion. An ERP system makes a project transparent and provides everyone working on it with the necessary information in a timely manner. This also contributes to collaboration.
Better Regulatory Compliance
Although this functionality is not present in all ERP solutions available on the market, Microsoft Dynamics 265 Finance and Supply Chain Management helps companies enter the foreign market.
The international support of this software is not limited to a wide range of language versions. FSCM can be configured for a specific country, and its tax and banking features are customized to meet regional requirements.
This is particularly helpful for multinational companies with subsidiaries in several countries. The ERP system still unifies companies located in different places, while adapting to local regulations.
Fast Implementation with ERP System Providers
Comprehensive ERP systems like Microsoft Dynamics 365 FSCM take time to implement properly. However, you can accelerate the process to enjoy the benefits of your software faster.
To thoroughly prepare the implementation and smoothly roll out the system, you can consider working with a professional ERP system provider like XPLUS for FSCM. The choice of a provider depends on the exact ERP system you want to deploy. The more popular the system is, the more options you have for support during the implementation.
Find more about ERP in construction industry on: https://xplusglobal.com/resources/blog/erp-system-in-construction-industry/