Blogs

06/17/2021

Why are EPC Companies Using ERP as Project Management Software?

Any small or large enterprise that aims to grow and expand operations can benefit substantially from using an ERP software to streamline tasks and procurement in the company. An ERP (Enterprise Resource Planning) is a software that integrates business processes such as manufacturing, finance, operation, supply chain and human resources for improved management.

As a project management software, cloud based ERP proves highly productive, accessible and efficient. It gives the massive advantage of lower upfront costs and being able to access business-critical applications from any location at any time. One such trusted ERP software is Octabees.

Why EPC Companies are choosing this New Wave of Technology for Project Management

  1. To Empower Teams

    • An ERP software automates many processes giving more time to the teams to perform fulfilling roles and focus on growth. Looking forward to higher roles is a major motivational factor.

    • Reports, dashboards and intelligent tools in the ERP assist in informed decision making as well as performance monitoring, creating further opportunities of advancement.

    • Streamlined processes prevent errors and increase efficiency.

    • The ability to access information about employees working in office or remotely or in field is a perfect gateway for management and stakeholders to share updates and enhance team productivity.
  1. To Optimize Business Operations

    • Rather than investing in a series of resources to manage the business, ERP offers an integrated project management system to support your business growth as well as the increase in volume of processes.

    • When the 5 major business processes – finance, human resources, logistics, production and sales are working in sync, greater goals are achieved. An ERP software offers the base for optimizing procedures for each of these departments.

    • It gives you a comprehensive control over the organization and the ability to work with data from different departments at the same time. This facilitates better planning, simplification of tasks, order management, timely deliveries, purchases, resource allocation, budgeting, billing, transport and more.

    • Easy creation and access to documentation is possible in real time.
  1. To Maximize Customer Satisfaction

    • Customer experience is slowly becoming the most powerful marketing tool, equipped to overtake price and product. To garner its benefits, ERP becomes an essential tool for most companies with large clientele.

    • It helps in fulfilling the high customer expectations and demands along with a personalized experience by effective use of the software for project management.

    • At a time when brand competition is intense, a seamless experience at your end can be a key differentiator.
  1. To Transform Their Services

    • When the system is integrated well, it reflects the outcome and customer expectations. ERP has helped companies discover that selling the outcome rather than the product itself has helped them achieve more sales.

    • In a fast developing and technology driven world, it is quite possible to get obsolete unless a company adapts and updates itself to changing consumer demands.

    • ERP software allows easy access of the company’s information and data to utilize for analysis, planning and upgrading.
  1. Reduce Cost in Many Ways

    • Replacing traditional project management systems can spare you from errors and inaccuracies along the way, saving a ton on damages or delay.

    • Rather than hiring resources for processes that can easily be automated saves the cost of salaries and benefits.

    • Consolidation of processes yields better results, saving time, energy and costs. Company can utilize resources to full potential and plan purchases within budget.

    • The ERP software ensures regulatory compliance that can save foreseeable legal expense.

    • On an average ERP can reduce overall administrative costs by 22% and operational costs by 23%, making it an attractive project management software.

If you are thinking about the investment in implementing an ERP for your company, then understand that the cost is indemnified by the several advantages and savings it achieves. So, regardless of the size of your company, it is time to transform digitally and make way for growth with the perfect ERP solution.

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