Posted on

How Does Payroll ERP Software Benefit Your Construction Business?

Payroll ERP Software

Construction businesses require specialized software to manage their payroll & accounting, project, and production processes. A payroll ERP software is designed specifically for the needs of construction type of business. A construction company will face many challenges and risks when you operate a business. It isn’t easy to find a single software that covers every need in the construction industry, and that’s why we believe you should implement a payroll ERP system in your business right now! Let’s see how it can help you and your business.

Benefits of Payroll ERP Software

Payroll Software Helps Reduce Costs

One of the most significant advantages of implementing a payroll ERP system is the ability to reduce costs. Construction businesses will face many challenges and risks when you operate your business. It’s difficult to find a single software that covers every need in the construction industry, and that’s why we believe you should implement a payroll ERP system in your business right now.

During construction, many factors can drive up costs. If you have payroll software that cannot account for these factors, you may pay more than necessary for your payroll. By choosing software that can calculate payroll based on factors like over time, type of work, and benefits, you can reduce the costs related to your payroll by as much as 50%.

Manage GST with ERP Software

Construction businesses must deal with a lot of different taxes, including GST. These taxes are often complex, which can make them challenging to manage. A payroll ERP system can help you efficiently manage these taxes to stay compliant. It can track the GST amount you’ve collected from customers on sales, the GST you have paid on purchases, and the GST you have paid on salaries. You can easily track and manage your GST by integrating your payroll software with your accounting software. Most payroll systems have a built-in feature that allows you to manage GST. You can use it to match the gross sales with the GST collected, the GST paid on purchases, and the GST paid on salaries. Once you’ve matched all of these, you can generate GST reports for yourself and your customers.

Streamlined Payments with Payroll ERP Software

One of the construction industry’s biggest challenges is ensuring employees get paid on time. When you’re operating payroll software, you can set up automatic payments. When the due date for a specific payment arrives, the system will automatically deduct that amount from your bank account and send it to your employees. Employees will appreciate that you are operating a streamlined business, and you will enjoy a reduced risk of getting audited. You can streamline your payment process if you input all of your business details into the payroll software. Integrating your payroll software with your financial institution allows you to set up automatic payments for any payment, such as taxes, insurance premiums, vendor payments, and payroll.

Enhanced Employee Tracking and Management with Payroll Software

Due to the nature of construction jobs, employees often work remotely. It can make managing and tracking employee progress, hours worked, and productivity harder. Using a payroll ERP system, you can track employee progress, work hours, and productivity. You can also efficiently manage vacation time, sick time, and other types of leave. By integrating your payroll software with other software, such as project management software, you can gain even more insights into the productivity of your employees. By matching these two types of software, you can view a comprehensive view of the productivity of your employees. You can see which projects they’re working on, how much time they’ve logged on each project, and their overall productivity.

Conclusion

Construction business require specialized software to manage their accounting, project management, and production processes. A construction accounting software or payroll ERP system is designed specifically for the needs of these types of businesses. A payroll ERP system can help you manage your business and reduce costs by up to 50%. It can also streamline payments and enhance employee tracking and management.

Posted on

Why You Should Choose NWAY ERP Software to Manage Your Construction Accounting ?

Accounting ERP Software

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. 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 KPIs, you must implement an accounting ERP system that is tailored specifically for your needs. In this blog post, we’ll be going over the benefits of implementing an Accounting ERP Software in your business.

Benefits of Using NWAY Accounting ERP Software

Cash Flow Management with Accounting ERP System

One of the main things that make construction businesses so complicated is the high variability between contracts. Here are frequently long stretches between projects, followed by brief activity bursts when several projects arrive at once. An ERP system can help you manage your cash flow by giving you early payment options and helping you accurately forecast when you’ll receive certain payments. This way, you’ll be able to take out money from your accounts in a timely fashion and pay bills in a timely fashion, so you don’t have to worry about being over-extended.

Real-Time Reporting Helps in Accounting.

A real-time report shows you the latest figures from your business. Typically, construction companies will have a monthly close where you reconcile all of your accounts and numbers. This is an important step for your business—after all, it’s important to make sure your financials are accurate. At the same time, it can be difficult to determine exactly where you need to make changes if you notice a problem with your numbers at the end of the month. In an ERP system, you’ll be able to access real-time reports that tell you how your business is performing. This can be helpful if you want to quickly identify areas where you’re exceeding expectations or failing to hit key figures so that you can adjust.

Human Resources Management with Accounting ERP Software

Construction companies are notorious for being hazardous work environments, with long workdays and strenuous labour. An ERP system help you keep track worker’s hours and schedule employees, so that you ensure you are following laws. If your company is unionized, having accurate records of hours worked will help you comply with union contract requirements as well. With an Accounting ERP system, you’ll be able to track the hours your employees work, as well as what they are working on. This way, you’ll be able to make sure you are paying them correctly, as well as make sure that they are not working more than they should be.

Conclusion

Construction companies have very unique needs when it comes to accounting software. If you’re managing a construction company, you must implement construction accounting software that meets your specific needs. You need an ERP system that can manage your accounts, payroll and, track your cash flow. With Nway ERP software, you’ll be able to track every asset, manage inventory, and keep track of your cash flow.

Posted on

How Robots Change the Construction Industry and How Our ERP Software Helps You?

How Robots Change the Construction Industry, and How Our ERP Software Helps You?

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 used for tasks that are repetitive and dangerous to humans. These robots are usually large and expensive. Collaborative robots, on the other hand, are designed to work with humans. These robots are smaller and cheaper than industrial robots.

The use of robots in manufacturing has a number of benefits.

  • First, robots can work 24 hours a day, seven days a week. This increases productivity and reduces labour costs.
  • Second, robots can work in environments that are dangerous or unhealthy for humans.

Fortunately, ERP software can help companies overcome these challenges and reap the benefits of robotics technologies. ERP software provides companies with the tools they need to manage their production processes, including the ability to track and control the use of robots. Additionally, ERP software can help companies automate their production processes, reduce the need for manual labour, and improve efficiency.

Posted on

What Are the Common Construction Problems and How Does ERP Software Solve Them?

Construction Industry Problems and Solutions

An 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. 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.

Therefore, today’s topic will cover some typical construction problems and solution and the role that ERP software. In the construction industry, a variety of problems may come up but with the help of ERP software these problems can be resolved.

Construction Industry Problems and Solutions

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 the business plan for raw materials, efficient use of labour, architectural design, project schedules, coordination with all departments, and avoid disruptions and cost escalation.

Inaccurate Reports

One of the main causes of construction project delays has been determined to be a lack of real-time information and inaccurate reporting in the construction industry. This information allows construction companies to set pre-calculated estimates for accurate use of raw materials, minimize or eliminate production issues, shorten inventory, and more. With the help of ERP software, you can create accurate reports of inventory, financials, labour attendance, and more that help companies improve profitability and productivity.

Poor Communication and Collaboration

In the construction industry, effective project management depends on teamwork and communication. However, communication breakdowns can happen when there are numerous teams and stakeholders involved, which can cause project delays and mistakes. ERP Software for companies can offer a centralised platform for communication and collaboration, allowing teams to share information, monitor progress, and make decisions in real time.

Inefficient Resource Management

Any construction project needs to handle its resources effectively to succeed. Effective resource management can make or break a project, from scheduling and coordinating workers to managing equipment and resources. ERP software enables businesses to make informed decisions and optimise resource allocation by offering real-time insights into resource availability, utilisation, and cost.

Compliance and Regulatory Issues

For construction businesses, compliance and regulatory concerns can be a major barrier. Regulation violations may be punished with severe penalties and other legal repercussions. By automating compliance tracking and reporting, ERP software may assist businesses in remaining compliant, ensuring that they satisfy regulatory standards and steer clear of fines.

Working out which Processes need to be Integrated.

This is the most important process to knowing what work needs to be integrated into the construction process. It is also essential to understand how processes work. This means a good understanding of the process, the data it uses, and the systems required to access it. In such a situation, ERP software helps you a lot. With ERP software, you can be sure that you will always have a single source of all data within your organization and manage all projects.

So, today we got to know some common construction problems and how does ERP software solve them. For construction ERP software assistance, connect with us today to get the best offers. Our ERP Management software experts can make it easy for you.

Posted on

How technology Improves Property Management in Real Estate

Property management Software

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.

Automation with Property Management Software

This 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.

Cloud-Based Property Management ERP Software Solutions

Cloud-based ERP software for Property management business is widely used in the real estate industry because it allows you to collect rent, log and manage maintenance issues and generate rental listings – all on one platform and helps to manage the financial, contractor, sub-contractor, inventory, project, vendor, asset, and many more. Most real estate providers are already using property management software to manage their work smartly. Start using cloud-based real estate management software for your property management business.

Customer Management Solution

Real estate businesses are increasingly looking for customer management solutions that can help them manage all their clients at the same time, in addition to managing financials, contractors, sub-contractors, inventory, projects, vendors, properties, and more with this software. With the help of this software , customer satisfaction levels can increase at a high point, making the business more profitable.

IoT Sensors in a Management Software

IoT refers to the “Internet of Things” that provides a network of interconnected devices. This ERP software can provide a platform to support real-time monitoring of an asset with IoT. This allows real estate managers not to rely on other interfaces to view sensor status. Instead, they can access data directly from the app’s screen and gain insight into performance.

Posted on

How Modern ERP Technologies have helped in Transforming the Real Estate Industry

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 want to ensure that your real estate inventory is well planned and balanced. So, you can use Automotive Real Estate ERP software, it will not only save your money but also save resource usage.

Financial Management

The entire transaction of account money is managed by the Account module in NWAY ERP software for the real estate industry. Many times, we don’t know where we have spent more money than required, but this real estate management software helps businesses to manage accounts and finances. This module covers the entire inflow and outflow of money and manages all the accounting needs of companies including expenses, balance sheets, ledger, budget, bank statements, payment receipts, tax management, etc.

Accurate Real-time Tracking for planning and decisions

Accuracy and proper planning are very important in the real estate business and robust ERP software helps you to keep track of all operations with real-time and accurate analysis data in the form of reports which helps businesses to plan requirements and manage the business properly. Nway real estate ERP software gives you accurate reports and analyses data which allow the real estate management team to make decisions based on this report and enables accurate planning and forecasting.

Cost Management

It is no surprise that cost management has become a top priority for any business entity, especially in the real estate industry. In the real estate business companies need to manage properties and hence they require proactive and intelligent employees to manage costs. A suitable ERP software for real estate businesses assists in managing costs at all levels, thereby increasing the productivity and profitability of your business.

Today we got to know how modern ERP technologies have helped transform the real estate industry. If you like our blog do share it with your friends and real estate companies so that they can manage their business with ERP software.

Posted on

4 Key Factors of Real Estate ERP Software that can Strengthen Your Business Sales

Real Estate ERP

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, creating monthly budgets, and managing client databases.

Improved accuracy and efficiency

Accuracy is very important for analysing business processes in the real estate business. The more accurate your report, the more you can analyse your business processes to increase productivity and manage the business.

ERP software in Real Estate gives you accurate reports so that you can get accurate information about business processes so that you can plan your business productivity and manage business processes.

In this ERP software for Real Estate Business, you can manage financial, purchase, sales, leads, projects, HR and payroll, accounting, engineering, and more in a single database and you can get accurate reports as per your needs at your fingertips.

Cost Management

Cost management is a very difficult task for real estate companies as they require proactive and intelligent employees to manage costs and finances. But ERP software for real estate companies helps you a lot to manage your business cost so that we don’t need to hire someone to manage our finance-related work and it also saves us a lot of time and money. With ERP software, you can make accurate estimates so that no real estate project goes beyond the budget.

Project Management

Real estate companies have many properties, but when it comes to managing all these properties together, it becomes very difficult. But with ERP software you can manage all your properties in one centralized dashboard.

NWAY Technologies Pvt. Ltd. provides ERP software for real estate, which offers more features than all the ERP software available in the market. Our ERP software can help you manage everything from finances to assets in a single dashboard, with which you can increase productivity, maximize profits for your business.

So today we know some of the best key factors of real estate ERP software that can strengthen your business sales.

Posted on

How to Overcome the Crucial Challenges Facing the Construction Industry

Construction Industry Challenges

A large number of operations are performed simultaneously at numerous sites during the extensive process of construction. 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 challenges 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.

Construction Industry Challenges

NWAY ERP Helps to Manage Financial and Accounting

The account module in ERP Software manages the entire transaction of account money. 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.

Labour Management: Issues facing the Construction Industry

The construction industry faces its biggest challenge in managing labour due to the hundreds of simultaneous operations carried out at multiple sites with a massive workforce. The main function of the labour-management module is to maintain the details of daily wage, labour, contractor, and subcontractor ranging from daily anonymous attendance to regular employee attendance. Observe safety and standards for working on the field for workers to avoid unwanted losses and track work orders for different sites and different locations on a single dashboard.

Inventory Management Challenge in Construction Business

The inventory module will help you manage your inventory according with your needs and utilise it in accordance with your plan. The inventory management module we provide helps you to plan and control all the effort required to manage stock inventory and ensure that the correct quality and quantity of the material are properly specified on time. Construction costs might rise due to ineffective inventory management, however ERP software can significantly reduce project costs. And it is currently a problem in the construction sector.

Accuracy in Reports Challenges Faced by Construction Industry

The more accurate your report has, the more information you have about the job at hand, allowing you to analyse your work to address challenges in your construction industry. ERP software gives you accuracy in reports so that you can get more accurate information about the construction work. This ERP software allows you to access data on raw materials, workers, including their arrival time at work and number of hours worked, among other things. With ERP software you can get accurate reports according to your needs at your fingertips.

HR Challenges in Construction Industry

With its high turnover rates, labour shortages, and safety issues, the construction industry provides particular HR challenges. Effective HR methods are needed for these issues, prioritising retention, safety, and employee engagement. By streamlining HR procedures, enabling remote worker management, and assuring labour law compliance, NWAY ERP Software may assist in addressing these issues. The software simplifies managing a remote workforce by providing capabilities like time and attendance tracking, payroll processing, and benefits administration. Additionally, it enables better interaction and coordination between HR specialists, staff, and project managers, which lowers turnover rates and boosts safety on the job site. NWAY Construction ERP Software can help HR professionals in the construction sector manage their employees effectively and efficiently overall.

Conclusion

In conclusion, the construction industry faces a number of challenges that may result in delays and raise expenses. Construction management software such as NWAY ERP can effectively address and solve these issues. NWAY ERP has modules that address all of these issues, including those related to HR difficulties, inventory management, financial management, labour management, and report accuracy. NWAY ERP may assist construction organisations in operating more successfully and efficiently by optimising procedures, giving accurate information, and enabling remote worker management. In the end, this can result in higher output, lower expenses, and happier clients.

Posted on

Find the Best Construction ERP Software for Business Growth

Construction erp system blog

The use of construction ERP software offers various solutions with benefits and can prove to be highly beneficial for your business growth and increasing productivity. The right customized Construction ERP Software helps your business to significantly improve Financial Management, Purchase Management, HR & Payroll, Manufacturing Accounting, Store and Inventory Management, and Service Operations in a single central database.

Hence the possibility of error is minimal, thus improving quality, accuracy enhanced which gives better output in construction business management. But choosing the right ERP software for construction business growth can seem a very difficult task. So today we will learn a few points that will guide you to choosing the right ERP software for your construction business.

  • User Friendly or Responsive Dashboard

A responsive dashboard is very helpful in managing the business process. If the software is responsive we can easily access each & every record about the raw material and inventory history and get the statistics with just one finger swipe.

  • Unlimited User Access

Many ERP software charges for each user to access as everyone in the business cannot use this software at every construction site. When selecting the software for your business, you should check out the Unlimited Users feature, so that you can access as many users as you want in your business

  • Reporting and Analysis

Proper planning is very important for the growth of the construction business and reporting which helps you a lot in planning. Based on these reports you can grow your business and make it more productive. So, while selecting your ERP software, check the report properly whether it is giving all the information of your business properly or not.

  • Generation of Invoices

Another key feature of ERP Software is its ability to generate accurate invoices. Software-generated invoices will reduce the chances of errors and time as compared to manually generated invoices. Generating automated invoices helps in building customer trust instantly. So, while selecting your ERP software, check the invoices generated by ERP software.

  • Manage all the Construction Site on Single Dashboard

Every company has around 10 or more clients & a number of construction sites to handle, but when it comes to managing all these construction sites simultaneously, then it becomes a very difficult task. So, while selecting your ERP software, you should look at how many construction sites you can handle at a time.

The above all are its primary features that can help you choose the right ERP software, if you look at all these features and select the software for your business growth, your business will grow very fast.

If you are looking to get the Best Construction ERP Software for your business, then we are here to provide you with the best ERP software for contractors & builders. Apart from the above features, our software also has many features which take your business forward. You can click on this link to read our ERP software features.

Posted on

Let’s bring New Year with Great Productivity in your Construction Business with Great Profit

Construction Productivity Improvement Techniques

Every business needs good productivity this year and especially when it comes to the construction business, productivity matters a lot because the higher the productivity, the higher the profit. But how can you increase the productivity of your business in this new year? This is a very important question. So today we will learn about construction productivity improvement techniques and know some such ways that help you to increase productivity in your construction business.

Construction Productivity Improvement Techniques

Use ERP Software to Improve Productivity

In construction, along with the client, it is also very important to manage the business properly to increase productivity. If you do not manage the business properly then you may face loss instead of profit in a business. To avoid this, you can use ERP software.

ERP Software helps you a lot to manage your construction business because Construction ERP Software includes the management of general contractors, subcontractors, financial management, purchase management, HR & Payroll management, construction accounting management, Store & Inventory management, and service operations in one central database or a single dashboard.

Benefits of ERP Software to Improve Construction Industry Productivity:

Contractor Management

Construction ERP Software can boost performance according to the need of your organization with customization. Create a centralized database of all qualified contractors across the organization and monitor contractor project progress and efficiently assign/monitor tasks through automated notifications and insights.

Planning & Estimation

Be prepared for unforeseen changes by analyzing previous reports to realize the repetitive constraints. Mark your budget limits with timely alerts on exceeding limits. Ensures a project is achievable, measurable, specific, relevant, and within the bound of time. Share the planning and ideas with customized groups in a centralized system making it a more Accountable and organized system.

Project Management

All sites are centralized in one place, keeping track of all the tasks going on various sites eliminating pending culture in your organization, and leading towards a healthy project life cycle. Whatever the department is, allot group tasks, and set timelines and budgets to achieve bigger goals. Go as per plan and receive timely pending task alerts and delays in the life cycle of the project.

Nway Technologies Pvt Ltd also provides ERP software, which gives more features than all the ERP software available in the market. Our ERP software can help you manage everything from inventory to labor in a business, with which you can increase the productivity of your business and can also take a lot of profit from the business. You can read about the unique features of our ERP software by clicking on the link given below.

Nway ERP Feature: – https://www.nwayerp.com/features/

Final Words

If you want to earn profit in your business then the above-mentioned methods can help you a lot and also you can take the help of our ERP software to manage your business properly. You can fill out our contact form to get ERP software for your business.

Posted on

How Nway ERP is Better than other construction ERP software?

Construction ERP blog

If the business is managed properly then its productivity can be increased a lot, but it is not easy to manage businesses. But now there is a solution to manage our business, for this you can use our ERP System for construction company.

Nowadays, there are many Best Construction Management Software System in India, and not every software is the same, some features make it different from others, and many software provide a lot of features, making it very easy to manage our business.

Similarly, Nway Technology also has its own ERP software which is different from all the ERP software available in the market. But what is its special feature that makes it different from other Construction ERP Software, today we will discuss them and learn about it in detail?

1. Unlimited Users

The biggest feature of Nway Technologies ERP is that it gives you the license to use it for unlimited users, and you do not have to pay any extra charges or any hidden charges. Once you get the ERP package, you can give access to as many users as you want. Nway Technologies construction ERP software handles unlimited users and assists each and every customer through their journey of using Nway ERP.

2. ERP Software for Project Management

Every company has more than one client or says that they have at least 10 clients but when we talk about handling all these clients simultaneously then this task becomes very difficult for us. But with the help of Nway technologies ERP software, you can handle all these projects simultaneously in a single dashboard and you can create and implement all your plans for the construction sites and increase their productivity.

3. Reporting and Analysis in ERP System

Proper planning is very important in business, without planning, we cannot manage the business properly and also cannot make it more productive. Reports help you a lot in planning and based on these reports, you can manage your business properly and make it more productive. Nway construction ERP software system gives you accurate reports and analysis as compared to all other ERP software available in the market so that you can manage your business properly and make it more productive.

4. Best Construction Accounting Software

The work of account management in business is very difficult and many times in the construction business it is not known where we have spent more money than necessary. If you do not want to face this type of problem in your business then use our ERP software to manage your accounts and see reports of every transaction that takes place in your account. In this, you will know where to spend money and where to spend less money due to which your transactions will go very smoothly and you will never have to worry about the account.

Apart from this, we have many features which you can read by visiting the link- Nway Construction ERP Software Features.

Here you will find many such features, which makes it better than other software, fill out our contact form if you want to increase productivity or to manage your business.

Posted on

How to Increase Productivity in the Construction Industry with ERP Software?

How to Increase Productivity in the Construction Industry

There are two types of work, one is hard work and one is smart work, everyone knows the difference between these two, but do you know how to use smart work to increase productivity in the construction industry? It is very important to use smart work because only by doing smart work we increase the productivity of the construction industry. But how do we use smart work to improve productivity in the construction industry? One of the biggest problems in the construction industry is how to manage construction. If construction work is properly managed, we can greatly increase its productivity. This article talks about 4 ways in which ERP Software can help you improve construction productivity.

How to Improve Productivity in Construction Industry

Improving construction productivity is critical for fulfilling project timelines, saving money, and overall efficiency. When there are numerous stakeholders, complex procedures, and time-sensitive operations, it is critical to develop productivity-boosting solutions. This article examines significant techniques to increase construction industry productivity, such as good project planning, the use of technology and automation, cooperative promotion, resource allocation optimization, and investments in training and skill development. Construction organizations can boost efficiency, minimize procedures, and generate better project results by implementing these tactics.

4 Ways to Improving Construction Productivity-

Improving Accuracy & Efficiency in Construction

The more accurate your report and information about your work, the more you can analyze your work to increase productivity, ERP software gives you accurate reports so that you can get accurate information about construction work. In this ERP software, you can manage raw material information, and worker’s information such as what time they came to work and how many hours they worked, and also provide accurate work reports, etc. With Nway ERP you can get accurate reports as per your needs at your fingertips.

Exchange of Information at Every Construction Site Improve Productivity

The construction company has many clients and it is necessary to monitor each construction site, it is inefficient to manage and compile data for many tasks in Excel sheets or PowerPoint and it is very confusing and data is not secure. Construction ERP Software allows access control for authorized customers to get all the information from anywhere across the construction site. It avoids the unnecessary time, cost & waste of money during the project duration. In this, our data is also very safe because it uses firewall security. Nway ERP takes utmost care while dealing with its customers’ data.

Cost Management in ERP Software:

Every construction company has many clients and most of the construction clients work on a contract basis, that’s why every client has a different budget, in ERP software we can manage every finance-related work so that we have no need to hire someone to manage our finance-related work and it saves us a lot of time. With ERP software, we can make accurate estimates so that no construction project goes beyond the budget.

Optimize Project Management

If we want to manage our construction project, ERP software can monitor and manage your information and provide accurate analysis of raw material, manpower utilization & construction sites. These are the primary reason to use ERP software in the construction industry, with the help of these uses we can surely increase our productivity in the construction industry.

How to Improve labor productivity in the construction industry

Improving labor productivity in the construction industry is crucial to enhancing efficiency and completing projects on time and within budget. One useful technique is to improve personnel planning and management. This includes accurately evaluating project requirements and ensuring that an adequate number of trained individuals are available at each stage. Streamlining team communication and coordination can enhance output by eliminating delays and preventing rework. Furthermore, providing workers with adequate training and skill development opportunities enables them to do their duties more efficiently. Investing in modern construction equipment and technology, such as digital tools and automation, can increase workforce productivity by eliminating manual effort and improving precision. Construction organizations may unlock the full potential of their workers and reach higher levels of production by employing these methods.

Conclusion

In conclusion, using ERP software for improving construction productivity can be quite advantageous for the construction sector. ERP software may help construction organizations save time and money, and boost efficiency through precise and effective reporting, improved information interchange between construction sites, cost management, and optimized project management. The advantages of ERP software can help the construction sector increase efficiency and profitability.

Hit the [Request Demo] button to learn about Nway ERP and avail all the above benefits to increase efficiency and improve productivity in your company.

Posted on

Top 5 Reasons Why Construction Industry needs an ERP Solution

Top-5-Reasons-Why-Construction-Industry-needs-an-ERP-Solution

Every company explores ways of simplifying its processes, minimizing costs, and maximizing profits to remain competitive, something that is more evident in the construction industry. With the evolving demands of the customers and many other issues changing the business world, construction companies are facing several challenges.

Construction ERP software helps managers to devise comprehensive plans for successful civil engineering of projects from the onset of project work till the outcome and during the entire construction life cycle.

ERP software offers a variety of integrated solutions that support all aspects of the construction business, from planning, project control, to cost and revenue estimation. The following are five main benefits of ERP software in the construction industry:

Optimize Planning

Improper planning processes can lead to project failure. Contractors can sustain heavy losses in the form of labour costs and loss of clientele because of the completion of targets in a given time. An ERP for a construction company can provide you with accurate planning of raw material, human resources, design & other resources required for successful project completion. Nway provides excellent Project planning with this ERP solution specifically designed for Road construction projects.

Customizable as per your Business Needs

The flexibility features of ERP improve its ROIs. Since every establishment is different with varying business needs, various functions and customizable features can be added or adjusted in the application to make it the most effective solution that fulfils the individual organization’s requirements. With Nway ERP, your organization can get the best custom-made solution suited for your construction business processes.

Real-Time Project Tracking

The advanced construction ERP software solution provides reliable analytical reports from real-time data and it allows the construction head to track ongoing project progress and take necessary action in case of any variance. And therefore, construction ERP software helps in reducing risk, unnecessary time as well as improving the efficiency of work.

Streamline Operations

Any construction company would be dealing with numerous processes on a daily basis and handling more than one client become quite tedious and confusing. One of the major reasons to implement an ERP system is to automate operations and track them to save time, improve data accuracy, and reduce human errors.

Simplifying the Exchange of Information

Tedious data sharing is inefficient and not secure as large construction firms handle more than one customer. Sharing large amounts of information within departments is time-consuming. A good ERP system ensures easy data sharing with the help of the tools offering a high level of security. Contractors are able to set viewing restrictions for both their customers and workers.

Nway ERP provides the best ERP software solution for your construction business to acquire all the above benefits and fulfil your construction business needs. If you are looking for an ERP software to help you to build your construction operation, it’s time to fill out our demo form and consult our 15+ years of domain experts.

Posted on

NWAY ERP- Best Construction ERP Software Solution Provider

Best-Construction-ERP-Software-Solution-Provider

ERP software is a business solution that provides powerful analytics using data from various construction processes such as financial management, contractor management, inventory management, human capital management, project management, vendor management, asset management, and more. Construction ERP software integrates different software systems into a single comprehensive solution to help construction managers effectively manage the full life cycle of a project.

NWAY ERP – The Best Construction ERP Software Includes

Unlimited User License

All the company gives license for a limited user and cover incomplete information but in our ERP construction software, we provide you with unlimited user license access so that you can keep your entire customer and user data in it and you will be able to see the report accurately and get complete information about your construction business. As your organization grows, you can have an unlimited number of projects at any location and have payroll generation for thousands of employees at ease and at no extra cost.

Mobile App Integration in ERP Software for Construction Industry

Nway ERP provides you with the best Mobile app integration service so that you can connect all your devices to view reports accurately, get better results and improve construction company productivity. Mobile app integration helps you turn your mobile phone into a communication tool so that you can easily do voice calling, video conferencing, messaging, file sharing, and report analysis at your construction site and provide a seamless experience to employees and users. This facility of our ERP on Mobile App or Tablet is very much needed where your project sites have limited facilities to provide a full fledge office and desktops.

Up to date with all the information

In Nway ERP construction management software we keep up to date with all the information of the construction site because the ERP system continuously receives information from each construction site and gives us instant updates, this provides a huge advantage, as it enables us to make the right decisions and we can improve or expand the productivity of the construction business

Other Uses of NWAY ERP Construction Software

  • Monitors inventory levels – It monitors the inventory level so that you can deliver the construction raw materials at the right time.
  • Alerts when stock is low – It will alert you in advance if your stock is about to run out or has run out so that you don’t let the work stop.
  • Tracks & traces materials used – It gives you complete information about the raw materials procured for construction. If you want to open it from any place, then you can see all the reports accurately.
  • Compares Quotation from Vendors – Our Nway ERP software for construction.
  • Bulk Upload Facility – Unlike other ERPs, where there are huge transactions, Nway ERP provides the bulk facility of import for various Departments.

Nway Construction ERP software solution may speed up and streamline processes while lowering expenses and decreasing human labor requirements.

Conclusion

In conclusion, NWAY ERP is a well-known provider of construction ERP software. Our software has a wide range of functions that may be used to efficiently manage several construction processes, including budget management, contractor management, inventory management, project management, and others. Construction businesses can accurately retain and access user and client data regardless of the size or volume of their organization because of one distinguishing feature, the unlimited user license. The real-time access to reports, communication tools, and file sharing made possible by the mobile app integration boosts productivity even in places with sparse infrastructure. The ERP system facilitates informed decision-making and raises overall productivity by providing up-to-date information from construction sites.

Posted on

The Benefits of Cloud ERP During The Covid-19 ERA

Cloud-ERP

The COVID-19 pandemic is not stopping our businesses Instead it has enclosed the new state of work. With the power of cloud ERP technology, we have ensured business continuity, which means we are easily accessing our business systems from anywhere at any time and working in isolation without being Isolated. Cloud data has become more secure than ever.

In fact, it’s been around for decades, and the many benefits of working remotely have already been felt by both sides of the business equation: flexibility, time-savings, increased job satisfaction, less stress, enhanced creativity for employees; higher productivity, reduced operating costs, fewer geographical restrictions for hiring new employees, and lower turnover rates for employers.

In this article though, we will focus on the cloud-based ERP solutions by looking at their benefits to the businesses, considering the ongoing pandemic.

Nway ERP Cloud-based Software for Construction, Real estate, Malls, Mines provide complete solution.

list of benefits.
  • Cost Saving

    Cloud-based ERP software mainly consists of a monthly or subscription service. Since the system is run through the web, the business owner doesn’t need to invest in physical assets, which means you are saving money that could be directed to other areas of the business to fight the effects of the pandemic on your business. Remote workers can use ERP because they need a single source of real-time, accurate data. The system effectively reduces administrative and operations costs by allowing employees to manage business activities proactively and help them make the right decision quickly.

  • Social Distancing

    In remote working, workers may distance themselves from social interactions and gatherings in the offices as one is having precaution in the current pandemic.

  • Improved Communications

    To finish their daily tasks, ERP is accessible even for remote workers. It offers easy access to information wherever the employees are if there is a reliable internet connection. Employees from several divisions can communicate with each other because they have the same information on a real-time basis. They experience a boost in their productivity, and they can collaborate efficiently without waiting for accurate data.

  • Flexibility

    Cloud-based ERP software is also flexible in that the backup is automated. And if there is an occurrence of natural disasters, the systems give an inherent plan for restart since production data, as well as the production system, are still available and accessible. When you compare with on-premise ERPs, businesses have to send data to manually backup the data or send it to a reserve site to realize the same benefit.

  • Increased ERP Performance

    In the case of an on-premise ERP solution, you need to properly set up and maintain everything needed to function efficiently. But with a cloud-based solution, the provider will be the one taking care of hosting the solution. And with the knowledge that your system is being maintained by an expert not only gives you some peace of mind but you are also assured that your ERP should perform at its peak performance. This is exactly what your business needs to have considering all the other disruptions that have been experienced due to the pandemic.

At Nway Technologies Pvt. Ltd. we offer ERP services at its best and our skilled Network engineers handle all your cloud-based data safely, securely and with faster ERP performance. We are committed to non-disclosure of any of our client data.