ERP for Project-based Industry

eresource Nfra, ERP for Projects-based Industry is an effective solution for the complex projects and challenges that Project Contracting companies face. The system allows you to work more transparently and project costs are estimated in a more accurate method.

Project-based ERP system

eresource Nfra – works beyond your expectation

An integrated information management tool that controls the gathering and sharing of data across departments and functions in order to manage and integrate a business’s operations, supply chain, financials, and human resource activities is known as a project-based ERP system.

eresource Nfra, the  most favoured ERP system by construction companies consists of a number of application modules to serve core company functions including finance, sales, marketing, resource and project management, accounting, and human capital management, it also has a single enterprise-wide database. Standardizing business procedures and offering reports, insights, and revenue, cost, and billing control are all made possible by this ERP system. Such a system is valuable because it makes it possible for important data to be evaluated and disseminated within the company in order to facilitate quicker and more informed decision-making.

Why you need eresource Nfra?

This is a concerning scenario, particularly given that businesses are operating in a world of unparalleled change. Using a mishmash of antiquated systems and procedures puts your business at serious risk. The cost of updating and maintaining outdated systems can be very high, as they frequently need expensive programming and consulting expenses for intricate changes and one-time integrations. Since updating to new releases can be somewhat hard, they are frequently several years out of date.

The global consolidation and integration of acquired enterprises is hindered by legacy systems. Due to the inability to see operations globally and the resulting duplication of finance and operations teams, individual business units and regions are not given the assistance they require to thrive.

They may also make it more difficult to create new business models, revenue streams, staff members, or other business models, which could lead to a systemic incapacity to sustain growth.

With an outdated system, adopting new reporting and accounting standards, as well as supporting multi-entry/multi-currency operations, may become challenging or impossible due to the need for costly manual workarounds and consulting expenses to make modifications.

Business performance can be significantly impacted by a lack of data visibility. All levels of leaders need to be well-aware of performance in order to forecast future workforce requirements and spot issues before they get out of hand.

Furthermore, using spreadsheets all the time exposes you to a significant amount of risk in a variety of ways. Spreadsheet accounting depends on human input to guarantee numerical correctness, so even the tiniest error can have a significant financial impact and put your company at unnecessary risk for security and compliance through unintentional data breaches.

If any of this sounds familiar to you, it may be time to replace your outdated systems with a cutting-edge cloud-based eresource Nfra ERP system. This system may assist in automating key procedures, integrating your operational data, and fostering a more pleasant and engaged work environment for your newly hybrid workforce.

Enhances data accuracy and provides new insights

Project-based eresource Nfra ERP system includes robust talent management features in their application to help with hiring, onboarding, paying, and rewarding staff members—who are the main source of value for service-oriented companies. Artificial intelligence and machine learning have been incorporated more recently with the goal of enhancing data accuracy and offering new insights. In order to accommodate remote work styles and organizations, mobile ERP is a critical necessity for today’s hybrid, project-based enterprises with safe access from anywhere.

Project accounting, resource management, time capture, and billing features have been incorporated this ERP software over the years. These days, the system also offers talent management or human capital management (HCM) extensions to highlight the critical role that finding and retaining a talented staff plays in the modern economy.

Important project-based ERP modules are included to support sophisticated revenue recognition rules for time and materials, work-in-process, deliverables-based, % completion, and subscription-based contracts. ERP vendors are introducing innovative new features like process automation, artificial intelligence, and machine learning to expedite account reconciliations and offer cash management, purchase order and invoice analysis, and predictive analytics.

Companies can cut costs and accelerate ROI

Beyond the risk reduction that comes with implementing new software that is appropriate for the job, your company can cut costs and accelerate return on investment by streamlining workflows (automating repetitive tasks, eliminating the need for human data verification, and providing real-time data visibility) and making sure that employees’ workloads are reasonable and in line with their skill and development paths, with less time spent on administrative overheads.

A suitable ERP for

1. Construction & Contracting Industry
2. Road & Bridge Construction
3. Civil Engineering
4. HVAC
5. Cooling Towers
6. Fire & safety
7. Renewable Energy
8. Industrial Infrastructure
9. Power Transmission Projects
10. EPC & MEP Business and
11. Industrial Piping Installation Industry