No matter your size or location, if you are a Fit-Out company trying to improve your productivity, you should consider investing in a next generation ERP system. Here is why!
Fit-out Companies are looked upon more and more, especially with certain regions/countries becoming a hot spot for tourism and business activities (like Dubai - host of the World Expo 2020, Qatar - home of the FIFA 2022 World Cup, South Korea - host of the Summer Olympics 2020, Osaka - host of the World Expo 2025, Beijing - host of the Winter Olympics 2022). These major events attract crowds of people, tourists all over the world. For that, new buildings and campsites are raised - retrofitting and remodeling is in order. In UAE alone, the country's interior fit-out the market is estimated to reach $973.4 million by 2022.
There are daily challenges that the Fit-Out companies need to face: from having short deadlines, to magically making amazing things happen in small or inconvenient places, to being up to date with the modern world - as technology advances are taking leaps and bounds, no longer baby steps. The Fit-Out Companies nowadays need modern solutions that look into the multiple issues faced, from multiple angles, and try to resolve them to the benefit of the business.
Taking that into consideration, today we wanted to share with you a couple of reasons why your Fit-out company needs new generation ERP software:
Time and Budget Saving - a major event (like one of the ones listed above) can impose time and budget constraints. Having a new generation ERP software at your service will help you clarify the project design and budget in no time. You will be able to plan properly the execution of your project and deliver the results in time, minimizing the risk of overspending your budget. You will be able to track, at any time, how much you spend and on what. The clarity in your expenditures is what the new generation of ERP software can bring you!
Having the Financials in order - the most important part of the estimation for the project is the customer’s Bill of Quantities (BOQ) sheet. The ERP system should be able to hold the information that you need and help you quickly create financial documents based on that. It should allow you to quickly share it - via pdf or via a link - to your client so that they could approve it (online) and save time (and be eco-friendly at the same time!).
Solve communication/collaboration issues - communication (or lack of it) is crucial in a Project! Starting from the RFIs that keep rolling in and out to the communication inside your team, having everyone on the same page is vital. Making sure everyone is well informed is powerful, it keeps your team at ease and every employee knows which way the project is going. A good ERP system should help you in the communication flow, making the information readily available for everyone.
Overview of your business at a glance: Powerful & Efficient Dashboards - a great ERP system should allow you to keep an eye on the overview of your Projects (and of your company). You should be able to understand where you are and what you wish to achieve. It should show you the Financial Health of your Projects and let you know if you are making/wasting money. It should have powerful Dashboards that would keep you constantly informed, with the most up-to-date data available. The design should be slick and friendly and readable in no time.
Asset Management at your fingertips - be it human (employees, contractors or subcontractors) or machine (regular assets - your own or rented), you need to make sure that all your assets are in order. You need to know when they are available and if they are booked, for which project they are booked and for how long. You will want to make sure you don’t overbook your assets (or over-work them) so having a new class ERP software is key here! New generation ERP software can do all that for you, also providing reports with live data.
Standardized approach - in the construction and fit-out industry, having things standardized is key! It is also a significant problem faced by many companies. Take for example the Estimation Process, done by a single or by multiple individuals, with the help of Excel Sheets (usually). They might do it in different ways, and surely each company has its own way of doing that. Quotes can be split in Materials and Labour or Materials, Labour and Overhead… or you could have the full price not split - each company has its own path. Standardizing things would mean consistency and accuracy. The new generation ERP Software systems offer you just that! They offer you help in streamlining your processes and improving your accuracy - no matter the size of your project!
No matter how large or small your fit-out company is, you must always look to the future. And if you will look towards the future, you will realize that spending money on a new generation of ERP Software will bring you more benefits and more money, in the long term. Think ahead and think of the great changes that the future brings - why not have a great tool by your side, that helps you grow even more?