Improving ROI from digital solutions
How can you achieve better visibility and project control through technology?
To get a higher ROI you need to closely monitor your business operations and identify changes and trends. Only when you have full visibility on your processes and up-to-date overview of project costs and projected margins you can respond to potential opportunities and developments timely and effectively. But how do you ensure that the data you make your decisions on is accurate and reliable?
Better project and cost control
The key is in an all-in-one business management solution tailored for construction. Also known as ERP, it integrates all your business processes in one system and, hence, provides a single source of the truth. When picking your business management solution it is essential that you select one that is tailored for your industry. The implementation of a specialist vertical market ERP system enables increased productivity, provides better project and cost control, improves cashflow and reduces overhead costs leaving you with a higher return on investment (ROI). This, combined with a modern platform is essential to success.
Which platform is right for you?
Nobody can afford to reinvest in the cost, time and effort of implementing a system every couple of years. That’s why it is crucial to do an extensive research and select a future-proof platform that can support your business for the years to come. One of the most highly rated platforms is Microsoft Dynamics 365 . It has been regarded as the go-t0 technology platform by hundreds of thousands of businesses, and is a leader in technological innovation.
Research shows – ERP solutions built on MS Dynamics 365 offer best ROI
More than 1000 ROI case studies show that Microsoft Dynamics 365 yields an average of £14.86 per invested British pound. With comparable ERP software, this is on average about £6.33. Furthermore, the comprehensiveness and seamless integration of Dynamics 365 with O365, Sharepoint and other apps and third-party products ensure that ROI is much higher than an average ERP system, according to the research by Nucleus Research.
Technology partner for the construction industry
A general ERP system such as Microsoft Dynamics 365 can be applied to almost all industries and sectors, but as a construction company you must choose a system that is already developed to support your unique construction business processes. Therefore, choose a technology partner who is familiar with your industry, such as the market leader 4PS. It is essential that you do your research and take a look at reference cases, attend a demonstration, and define key requirements for each department before you make a decision. Make sure all demonstrations are compared like-for-like and that you see your key requirements being demonstrated and not just mentioned. As we mentioned earlier, in order to secure a long-term continuous ROI, you need to select a future-proof solution that will empower your business for years to come. It’s a business critical decision.
Advantages of an ERP total solution for construction on the Microsoft Dynamics 365 platform:
Integration means efficiency
4PS Construct is based on Microsoft Dynamics 365 and we have built all the additional functionality essential for your construction business. The end-to-end fully integrated solution enables your projects to run on time and within budget. You have full visibility on the project progress – both from financial and resources point of view. All of your key business processes are in one system which gives you real-time control and allows you to make quick decisions for successful project delivery.
An ERP solution based on Microsoft Dynamics 365 provides access to real-time data and PowerBI reports which allow you to spot any early warning signs, take corrective actions where necessary and make more informed strategic decisions to become more profitable and allow growth.
Familiar user environment
Microsoft uses the same well-known design in all of its products. This allows users to get comfortable with the software quickly and easily. This also means shorter implementation times and, therefore, less cost. The familiar intuitive interface of Microsoft can also be benefitted from in 4PS Construct. There is no doubt that the user-friendly product reduces potential inefficiencies while learning the software.
We know the industry very well and we know which processes run daily within construction businesses. 4PS Construct ensures that all these repetitive manual processes are automated, which means less multiple data entry into spreadsheets or disparate systems, which often means errors which can be costly. As a result, users spend less time on administrative tasks and can, therefore, fully focus on the work that increases your profit margins! Simple maths, right?
But while all of the above seem obvious why are so many companies still shying away from going digital? With 4PS Construct you get flexibility with an end-to-end fully integrated solution. It can be used both on-premise and as Software as a Service (SaaS). This means that the software can be accessed from any web browser or the Microsoft apps, and is available on a subscription license model. One of the biggest benefits of 4PS Construct on SaaS is that you do not have to make major investments in licenses and hardware. At the same time, you always have the latest cloud technology.
Still having questions what digitisation would mean for your business? Take a look at our whitepaper 5 Questions to ask about digitising your business
If you want to know how 4PS Construct ERP can transform your business, feel free to contact us.
Mark Egan | Mark has worked with the construction industry for more than 10 years. During that time Mark developed a good understanding of the industry. As a member of the 4PS UK team, he advises construction companies on maximising profits and optimising efficiency through digitising their businesses.