ERP software for MEP contracting
Construction is a fast-growing industry with several business portfolios. Mechanical Electrical & Plumbing (MEP) is such an industry that requires innovative ERP software to run the show. An ERP for MEP will help contractors to respond faster to the opportunities in compliance with the latest legal and regulatory policies.
ERP for MEP industries offers exceptional project handling and scheduling processes and enables the business to complete an MEP project in time. The construction ERP software simplifies complex and critical activities like planning, scheduling, estimating, and executing a project.
An ERP offers end-to-end involvement and keeps users updated with real-time data and workflow. The ultimate benefit of ERP implementation is improved operational efficiency and profitability. The solution enables a company to save money, time, and effort and eases the practical difficulties of preparation, estimation, quotation, negotiation, and execution. The software will offer real-time access to data and improved & faster decision-making confidence.
The key features and functionalities of the ERP for MEP are;
- Fixed Asset Handling
- Integrated Finance & Accounting
- Inbuilt Inventory & Procurement
- Intelligent Sales & Service
- Service Management
- Real-time Visibility
- Cost Regulation
- Customer Tracking
- Stock & Equipment Availability
- Repair & Maintenance Chart
- Subcontract Management
- Transportation Management
- Budgeting & Cost Accounting
- Resource Utilization & Allocation
- Approvals and Alerts
- Progressive Invoice
- Project Costing
ERP for the MEP industry is a fully configurable and tailor-made software that will suit and meet any particular business patterns and processes. There are several inbuilt modules in the software. ERP for MEP contractors allows a business to add further modules, third-party applications, templates, access controls, support systems, and many other features to the solution for maximum utilization and usability.
The areas in which construction ERP software offers extensive features are;
- Bidding & Engineering Stage
- Project Administration & Execution
- Inventory & Material Handling
- Resources & Asset Handling
- Sub-Contract Management
- Procurement
- Cost Control & Financial Accounting
- MIS Reporting
Effective management of projects and site activities is crucial to maximizing the profitability of each project. The centralization will help a business take care of their legal formalities, permit requests, shift planning, and documentation without strain.
Construction ERP software offers many features for its users, such as;
- Interactive and Resource-rich Dashboard
- Intelligent DMS System
- Customizable Alert & Notification Management
- Generate Reports in Multiple Perspectives
- Approvals and Alerts
- Drill down Reports
- MIS Reports
- Create Workflows
- Tools to Compare and Evaluate Projects and Contracts.
MEP software - Modules
ERP for MEP (Mechanical Electrical & Plumbing) industry is an excellent solution to fetch, calculate, and compile various costs involved in each project. The software has inbuilt tools to record cost in terms of job number, date, completion-wise, progress-wise, material purchase, labor, export, import, subcontract, damage, labor, delay, and miscellaneous overheads. The construction ERP software offers users intelligent tools and functionalities to compile various accounting heads and generate reports based on sales, marketing, project, invoice, billing, cost, payment, etc.
The software will also let the HR team deal with attendance, sign timesheets, calculate overtime, and handle absence and leaves. It can compute their salaries and settlements systematically with the help of its inbuilt tools. Businesses can integrate ERP for MEP with various attendance machines. Employees can easily manage their HR-related activities with the Employees Self Service (ESS) web portal and mobile application.
Managing employees, staff, outsourced workforce, subcontract, and involvement of other people in an MEP construction project are tedious when it comes to projects or contracts. ERP for MEP industry has a logically defined HR & Payroll module to manage these vital tasks. An automated process helps HR to regulate recruitment, mobilization, appointment, and legalization of the workforce with ease.
Construction ERP software lets engineers plan and estimate required labor, subcontract, and leasing for each project. ERP for MEP industry allows a user to do proper planning and preparation for projects to avoid delays, confusion, lack of materials or resources, deal with approvals, permits, and authorizations with its intelligent software features.
The software allows a user to view real-time project progress, approve material requests & purchase requests, and evaluate employee performance and site progress. It assists engineers to preplan for the next day with details of resources and labor. The user can analyze the quantities used, schedule or reschedule activities, upload or download data from the centralized server, and generate MIS reports for meetings and discussions. ERP for MEP will also allow users to manage subcontracts effectively. Issuing subcontract work orders, sanctioning payments, approving invoices, verifying timesheets, and managing contracts become easier
The purchase and inventory control module in the ERP allows organizations to handle various functionalities involved in the process efficiently. The major factors include structuring the procurement activities such as automating purchase requests, supplier evaluation, product evaluation, price comparisons, supplier comparisons, stock checking, material indents, supplier grading, import & export orders, budget tracking, and more. ERP for MEP helps define workflows and structure the purchase process. Users can eliminate manual interferences and control delays.
ERP for MEP contractors empowers a user to deal with inventory by systematically handling the transfer, allocation, registry, adjustments, indents, reserve, receipt notes, return numbers, purchase vouchers, and many more. The software lets a business manage barcodes, inventory forecasting, and tracking. It allows a user to generate real-time reports for continuous evaluation and traceability of items.
ERP for MEP Contractors allows businesses to manage all financial and accounting requirements effortlessly. It is easier to regulate the day-to-day accounting tasks as ERP for MEP industry is a comprehensive solution, and core modules are integrated directly into it. It would reduce the time spent on tedious accounting tasks such as double-entry checking, bookkeeping, eliminating excels, learning and reviewing formulas, manual approval seeking, generating reports, sorting, filtering, compiling, etc. The ERP combines several features such as one-click cash flow reports, monthly reports, audit trails, comparisons, and automatic tax calculation
