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  • vaibhav
    Construction businesses are notorious for having a very complicated accounting system. There are many reasons why construction businesses have so much trouble when it comes to accounting. Construction companies have extremely variable revenue streams, with projects coming in at different price points and time frames, and involving different amounts of up-front capital. Additionally, construction companies tend to have to fluctuate cash flow due to the nature of their business. To make sure your business is operating efficiently and you are hitting key performance indicators (KPIs), you must implement an ERP system that is tailored specifically for your needs. In this blog post, we’ll be going over the benefits of implementing an ERP system in your business as well as some advice on what software you should choose if you’re looking to implement an Construction ERP System at your company. Inventory and Asset Tracking For any business, inventory tracking is a critical aspect of managing finances. This is especially true for construction businesses, where large amounts of inventory are necessary for projects and is subsequently written off over time depending on the rate of use and depreciation schedule. With an ERP system, you’ll be able to see a clear breakdown of
  • vaibhav
    Construction ERP software can make your business more profitable, streamline processes, and reduce costs. It also has the potential to drive your sales through the roof by putting all of your company’s blueprints, specs, and other documents in one place. In fact, according to a report by The State of Construction Software Survey, almost half (43%) of construction firms using software plan to invest more in it in the next 12 months. But not all software is created equally. Some solutions are more effective than others when it comes to driving sales. Consider these top vital factors to strengthen your construction software and increase your company’s profitability, efficiency, and ease of use. Functional and easy-to-use software The first and foremost aspect to consider is the functionality of the software. Does it have the features and functionality your business needs to thrive? Does it allow you to manage your customers, vendors, projects, and other stakeholder information? Does it have the capacity to store large amounts of data? You want construction software that solves problems, makes your job easier and frees up your time to focus on growing your business. If the software fails to help you meet your business goals effectively,
  • vaibhav
    In this article, we’ll take a look at 5 key features of construction Management ERP software that your business needs. Here are some of the best features that construction software should have: Construction Project Management with ERP Software Construction project management software is designed to assist construction project managers with the coordination and management of construction projects. The project management feature of construction ERP software helps you to manage all the construction projects in your company with ease. It helps you to manage project scheduling, task management, resource allocation, budgeting communication and collaboration, document management, and quality control and ensure their successful completion. Construction Scheduling Construction scheduling is a process that is used to plan, organize, and manage construction projects. It is a critical part of construction project management, as it helps to ensure that projects are completed on time and within budget. Construction scheduling is typically done using software that is designed specifically for this purpose. The construction scheduling feature of construction software helps you to create and manage construction schedules. It helps you to plan and track construction projects, and ensure their successful completion. Construction Project Estimating Construction Cost estimating software is a great tool to use to
  • How Robots Change the Construction Industry, and How Our ERP Software Helps You?
    vaibhav
    The construction industry is undergoing a digital transformation. The emergence of new technologies such as 3D printing, robotics, artificial intelligence, and the Internet of Things is changing the way constructors do business. In this article, we’ll take a look at some of the ways robots are changing the construction industry, as well as how ERP software can help you manage your business in this new era of automation. Robots are increasingly being used in the construction industry and the use of robots is not a new phenomenon, which is changing the way that constructors do business and the use of robots to automate production processes has become increasingly common in the industry. Robotics technologies offer companies several advantages over traditional manufacturing methods, including increased productivity and efficiency, improved quality control, and reduced labour costs. However, the use of robots also presents some challenges for companies. For example, robots may require a significant upfront investment, and their use may result in disruption of existing production processes. Additionally, the use of robots can pose a safety risk to workers if not managed properly. There are two main types of robots used in construction industry: industrial robots and collaborative robots. Industrial robots are
  • vaibhav
    A Construction ERP Software is an integrated business management software that facilitates an integrated workflow environment, effective collaboration with all the departments, and improves the decision-making process based on accurate information in the construction industry. Enterprise Resource Planning (ERP) software has many more benefits for construction businesses because it eliminates errors and streamlines automation in accounting, sales, HR, financial management, purchase management, construction accounting, Store & Inventory management, and service operations. So today, we will learn about some common construction problems, and how ERP software can help you solve them. A lot of problems can arise in the construction business and some of the hurdles which can be solved well by using construction management ERP software are 1. Optimizing Planning Managing a construction business is one of the most complex businesses and requires a lot of coordination with different teams, vendors, and customers. The construction process is also very time-sensitive, and delays can cause significant disruption in the planning of projects. But with the help of ERP Software you can optimize business planning for the raw materials, effective use of labour, architectural design, project schedules and coordinate with all the departments, and avoid disruptions and cost overruns. But with the
  • vaibhav
    Do you want to make your road construction management process more efficient, time-saving, and productive? If yes then this blog is for you. In today’s competitive road construction market, it is most important to properly manage businesses to stay ahead of their competitors such as keeping your team informed, balancing costs, and staying on top of your project timeline. Road construction is a large-scale category project and requires a lot of labour and professionals to complete tasks at the same time with proper construction project management skills like accurate cost estimation, proposal making, design, approval, team collaboration, file sharing with all team members, communication with the team, task scheduling, time tracking for payroll, budget tracking, and many more. All these processes require skill and time. But road construction management software can provide all those features that can make projects successful, easy to handle, and more efficient. But what is road construction management software and how can it help you to manage your business. So, today we will learn about road construction project management software. What is Road Construction Management Software? Road Construction Management Software is a cloud and web-based business management software designed to streamline the operation of road construction
  • vaibhav
    As the world advances in technologies, all businesses are moving forward by adopting innovative ideas, and one such approach is Labour Management Software for the construction business. Effective labour management software is essential in construction businesses to avoid delays and other inefficiencies to make projects a success as quickly as possible. However, when it comes to using construction labour management software, many people remain confused about whether the software is effective enough or not or just an additional expense? But now more and more construction companies have realised that they need effective labour management software that helps them to get better control over their business processes and labours. In this post, we will give you some detailed points on why labour management software is helpful for your construction business. What is Labour Management Software used in the Construction industry? Labour management in the construction industry is a management tool that manages all workers in construction processes. The main purpose of labour-management software in the construction industry is to maintain daily wages, labour, subcontractor details, daily anonymous attendance for regular employee attendance, and much more. It also helps in improving the processes of planning, coordination, and control over construction project implementation.
  • vaibhav
    Construction ERP Software streamlines and automates all operations and helps organizations grow their businesses. The use of ERP software in the construction industry offers various solutions with benefits and take care of all department such as Financial Management, Purchase Management, HR & Payroll Management, Accounting Management, Store and Inventory Management, and Service Operations in a single dashboard. It also helps to cut down extra costs and errors as compared to humans, grow efficient production, and create smart strategies to achieve the best productivity and increase profitability. NWAY Technologies Pvt Ltd has developed a highly user-friendly ERP software for India to grow construction businesses and it has unlimited features to explore and enhance productivity. So today, we will learn how to grow your construction business in India with NWAY ERP software. 1. Project Management in NWAY ERP Software The Project Management module in our ERP software helps you manage your construction projects, create strategies, plan, schedule projects, and many more. It also includes various types of processes used in the construction industry and centralized all the construction sites with a single dashboard to track all the tasks going on multiple sites, eliminating pending tasks and receiving timely pending task alerts to
  • Property management
    vaibhav
    Now, technology is a part of our life, without technologies we cannot imagine our everyday life and there is no escape from it as we all have mobile phones and computers and a wide range of electronic devices which help us to use their best technology. In recent years, technology has transformed the real estate industry and property management solutions. We have seen new property management software solutions take a deep dive to shape the industry to accelerate digitization in processes and make the real estate industry more organized and efficient. So today we will learn some points and learn how technology improves property management in real estate. You read it completely, you will get to learn a lot here which can help your real estate business a lot. 1. Automation with Property Management Software Property management software streamlines the business management process by avoiding manual tasks like data entry, revenue, cost, profit, and many more. Automation helps in various aspects of property management, including documents and verification, contracts and agreements, and portfolio management, and also helps to configure multiple workflows for real estate business processes and make sure governance and adherence to industry best practices. 2. Cloud-Based Property Management
  • vaibhav
    Running a construction business can be pretty challenging due to many things, and accounting is one. Accounting is one of the most important aspects of growing a construction business effectively and ensuring that you are keeping accurate accounts of expenses, income, pricing, and profitability. For example, almost every construction company has more than 5 projects. They need to manage the cost, revenue, profit, etc. of all the projects simultaneously, so they use accounting ERP software to manage everything and generate more profit and reduce the cost. So today we will learn how construction accounting ERP software can streamline business for your firm? 1. Reduce Your Manual Tasks Construction accounting software streamlines business by avoiding manual tasks such as data entry, revenue, costs, profits, and many more. In accounting software companies can automate manual tasks in less than a second. The more tasks your accounting software can automate, the fewer manual tasks your employees will have to complete. So, this software helps you reduce the cost and overpay. 2. Reduce Errors The construction industry requires a large number of labourers and this is the reason why the construction industry is one of the most labour-intensive industries It increases errors and involves
  • vaibhav
    Project management in the construction industry is a challenging task as it is not easy to manage the collaboration between all the departments and the workforce to accomplish a particular construction project activity. All the project management techniques take management skills to apply in a system to make tasks easier, achievable, and more realistic. Techniques and tools are very needful for construction so that projects can be completed without spending much revenue and workforce because if we spend more time and money on construction project activities without considering proper technology and tools, we will get into serious trouble. So today we will learn what are the effective project management techniques & tools for the construction industry to complete the project successfully.  1. Waterfall Technique Waterfall techniques are also known as traditional project management techniques, which means that this technique is a branch of traditional and requires straightforward planning along with the fundamentals of project management to complete the project. In this technique, a project is divided into sequential phases where each phase depends on the completion of an earlier task, meaning it’s intended as “1, 2, then 3…”. 2. Critical Path Technique Critical path techniques are used to schedule and
  • vaibhav
    Implementing ERP (Enterprise Resource Planning) software in the construction business is the first step to becoming successful and making the business effective. Furthermore, the success of a construction project is also based on the time, cost, and resources spent on it. Therefore, every construction business needs ERP software to manage the business and make it effective and successful. Today we will learn how to make your projects effective and successful with Construction ERP Software. In this, we will discuss some important points that can help you in making businesses successful and effective. Create an ERP Team Your ERP implementation team needs to include the best employees in your organization. Creating experts and a dedicated ERP team will make everything run more smoothly in the businesses. We recommend these 4 key positions in your ERP project team. Project Manager (Team Manager) Application Analyst Application Developer Quality Assurance Test Engineer These expert teams manage everything in your ERP software very well and with the help of this team, you can easily make your project successful and effective. Implement Continuous Planning A construction project requires planning to be successful and effective. ERP team managers should begin planning long before a project begins and
  • vaibhav
    The real estate industry is one of the fastest-growing sectors in the world in terms of revenue as the population is increasing day by day and has not witnessed the expected slowdown from the COVID-19 lockdown. With a gradual but steady recovery in the real estate industry, it is quite clear that the industry is looking at a very real comeback. It has been reshaped by a variety of forces including technological advancement and managing business with ERP software. Over the past decade, the real estate industry has seen the power of automation processes and it has become increasingly important for the real estate industry to manage and balance supplies to businesses, hence the real estate industry is in urgent need of ERP software. So today we will learn how modern ERP technologies have helped in transforming the Real Estate industry. Inventory Control Every real estate company has hundreds of properties and it is very important to have complete control over all the properties because the more control you have over the inventory, the less likely you are in trouble to manage the business. In the real estate business, it is very difficult to manage an inventory properly. If you
  • Construction ERP Blog
    vaibhav
    Construction project management has long been complex and challenging that define data visibility and data transparency in industry business. Data visibility is very important for businesses so that we can increase profits. But what is data visibility? Data visibility is the process in which you can identify and analyse data and information and prove its mettle in this fast-growing construction market of your business so that you can create strategies to increase profits and productivity. The primary advantage in high-growth construction firms is to gain data visibility that helps you make accurate decisions, recognize patterns, identify problem areas, manage projects better and capture new possibilities. So today we will see 4 key strategies to increase visibility, profit, and productivity with Construction Management ERP Software. Use Mobile device for Data Accessibility at any time and Anywhere Many construction companies still do their work in systems or on paper and hence they are missing out on huge opportunities. But with the help of Construction Management ERP software, you can access all your reports and information on your mobile device anytime and anywhere. With an intuitive and easy to use navigation platform for collaboration, mobile devices help field managers access accurate reports and
  • Real Estate ERP
    vaibhav
    As the world progresses, there is a need to adopt new technologies for running a business, hence it has become necessary to use the latest methods to run a real estate business. Every real estate company looks for the best ways to streamline its processes, manage properties, maximize profits, and improve productivity to remain competitive in the market. The right customized Real Estate ERP Software that strengthens your business sales and helps your business to improve financial management, purchase management, sales, leads, projects, human resources and payroll, accounting, engineering, and more in a single database. So, today we will learn some key factors of real estate ERP software that can strengthen your business sales. Automation of manual tasks in ERP Software Integrating ERP Software in the Real Estate business helps you to automate business processes such as lead generation automation, emailing automation, workflow automation, accounting, and finances automation, and real estate marketing automation to manage properties, maximize profits, and improve productivity. Apply real estate ERP software to the business You have a centralized system for analysing, managing, and organizing payment processes, purchases, transactions, and financial statements, and also help in automating recurring tasks such as filling out real estate documents,
  • vaibhav
    As the world progresses, there is a need to adopt new methods and techniques to run a business, so it has become necessary to use digitization methods whether it is a construction business or any other business. Hence, Construction ERP Software has played an important role in this as it helps a lot to digitize our business and manage all the data and information. But what is ERP software, how is it used in the construction business, how can it increase the productivity of our construction business, and why do we need ERP software for our construction? What is ERP Software Stands For? ERP stands for Enterprise Resource Planning (ERP) System. ERP Software system is a business process management software that manages the company’s financial, accounting, operations, supply chain, project management, human resources, and many more activities. In short, it is like the team member of our business, who keeps all the information about your construction business. With the help of this ERP software, we can manage labor. We can find out how many people come to work, what time they come, how many hours they work at the construction site and thus we focus a lot on our business
  • vaibhav
    Owners benefit from effective construction project management software by increasing the ability to complete a construction project on time, accurately, predictable, profitable, on budget, and free from any financial or legal complications. The benefits of the construction management ERP software are limitless and some time ago this project is managed by three things: a pencil, a sheet of paper, and a method. Today, companies develop technology to manage their construction project in ERP software and become as competitive as possible. So today, let us learn how important is Construction Project Management ERP Software for your business to increase productivity and profitability? In this article, we will look at the top benefits and importance of implementing ERP software that can automate construction management processes. Effortless Project Planning The main advantage of construction project management ERP software is to automate the planning and scheduling processes. Project planning and scheduling are extremely important to manage construction site projects, irrespective of the old method applied like Sheets. With this project management ERP software, records of the team and site work related to the current project can be easily accessible. In this software, project managers create a management plan and establish priority tasks to complete
  • Construction-industry-trends-2022
    vaibhav
    Construction  Industry Trends: Construction companies had to deal with issues of getting construction materials on time due to constant labour shortages, supply issues, and rising prices. 2020 and 2021 have been tough years for construction companies. Experts say demand for construction companies declined in 2022 as they grapple with the ongoing coronavirus pandemic, with first the Delta version and then the Omicron version, which appears to be more permeable even among previously vaccinated individuals. But the reality is different the construction industry is coming out of challenges in 2022 in a thriving new decade of industry-wide progress. So today we will learn construction companies’ trends in 2022. These top construction industry trends are creating a more advanced and eco-friendly industry. ERP Software in Construction Industry The first trend in the construction industry is to use ERP software because ERP software helps to manage the business properly and it also helps in increasing productivity. If you use ERP software to manage construction projects then your business grows immediately. ERP software helps you a lot to manage your construction business as construction ERP software includes management of general contractors, subcontracting, financial management, procurement management, human resources and payroll management, construction accounting management,
  • vaibhav
    Construction based projects are often complex and huge and managing them is easier said than done. A project manager requires innovative ideas to manage crew, material and need to minimize costs, and ensure that projects run within deadlines. So, when it comes to the current and upcoming trends in the construction domain, we need a software application to run our construction business to get maximum profit. The objective of software applications is to bring efficiency in the accomplishment of tasks and projects with minimum effort. In particular, construction companies have started to leverage the technological tool Construction Management Software. Our construction ERP software helps you to get ahead of your business competitors, but how. Read the blog to get a better understanding of how Nway Construction Management Software can help you stay ahead of industry trends. Finance Management with Nway ERP Software The entire transaction of account money is managed by the Account module in the Nway ERP software. This module covers all the accounting needs of construction companies, including expenses, balance sheets, ledger, budgets, bank statements, payment receipts, tax management, etc. It enables optimizing accounting, integrating payroll, procurement, business development, project planning, and execution. All this necessary financial data
  • vaibhav
    Construction is a huge process involving hundreds of operations that are carried out simultaneously at multiple sites with a huge workforce. Along with this, there are many problems in the business of construction like financial management, purchase management, HR & Payroll, construction accounting, Store & Inventory management and service operations. With the help of construction management software, you will never face any such type of problem in your construction business and your work will never stop anymore. But how can you get rid of this problem? So today we will learn how to overcome the significant challenges facing the construction industry. Financial Management with Nway ERP Software The whole transaction of account money is managed by the account module in Nway ERP Software. This ERP software keeps all account-related transactions like expenditures, balance sheets, account ledgers, budgeting, bank statements, payment receipts, tax management, etc. Now financial reporting and management challenges faced by the construction industry is an easy task for this module. Any financial data that is essential to running a business is available with a single click. Finally, you can come out of this problem of financial management. Biggest Challenges in Construction Industry – Labour Management Labour management is