This powerful solution centralises critical estimate, permit, sales, project management, labour, equipment, overhead cost; subcontract cost and financial information to help you better manage budgets, schedules, field activities, customer relationships and the bottom line. The system can be configured to trigger approval workflow when over spending occurs. With this it allows users to react & control excessive spending promptly rather than only realising cost over-runs at the end of the project.
The challenges faced by project based companies today is the uncertain market trends and emerging world wide competition. More and more companies are moving forward to tap on to the huge global market for projects in neighbouring countries. However, they face not only challenges in fierce competition but are also constantly challenged by complex value chains and networks, material cost fluctuations that put margins at risk, uneven cash flow and demand for capital, cyclical demand and complex regulatory environment. Furthermore, one of the major key challenges for project based companies is how to ensure its project expenses are within budget. Information as such is not easily visible to the project manager and management.
In addition, change order management is also an area for concern for many project based companies without an advanced solutions system. They are not able to trigger revised cost estimates, taking labour rates and mark-ups into account to reschedule key tasks on their critical path.The challenge now is for these companies to select the right ERP system that will help them make better business decisions, run their business more efficiently and stay ahead of the competition.