Tactive's construction ERP Software is all about efficient project flow

ERODE, India - Aug. 24, 2020 - PRLog -- ERP systems have been extensively used nowadays across all business sectors but only very few construction companies have actually deployed construction ERP software to scale up growth, revenue and enable the overall construction process to be transparent. Needless to say, the construction industry is highly capital intensive and requires not quick-fixes to process gaps but long-term solutions, control and management. If you are merely surviving the motions, and considering wielding greater control over the construction management process, then it is high time any firm owner must be looking to integrate construction ERP software suite into the overall construction process. Here are the 3 active elements of Tactive construction ERP software.

# Contract management:
Traditional ERP systems are usually product-based whereas a construction ERP must be linked to Capital Assets Contract Management. The biggest underlying challenge involving construction ERP is managing a scope of work that is highly flexible concerning a complex asset. Tactive's contract management software allows the project management team to make multiple changes—at times, even hundreds of changes from initial design and planning to handling contract changes and revisions and workflow approvals.

# Valuations within contract management:
Compared to the product based systems marked by a defined cost base, the construction industry needs to set goals, measure and record work completion called Valuations. This is usually done regularly either on a monthly or sometimes weekly basis as for the payments being remitted or received by sub-contractors. The Quantity Surveyor usually submits these valuations in the form of physical measurement against BOQ, and forms the template for application for submitting payment to the client.

# Cost control:
The functionalities of a traditional ERP cannot be extended beyond the complexity of cost control in the construction process. But Tactive's construction ERP is built to tackle different elements such as resource allocation (external and internal), sub-contractor costs and payments on milestones, and plant and equipment. Any project manager can set a budget for the entire project flow and easily adapt to dynamic changes in addition to offering up-to-date and scheduled reports in real-time, business intelligence, data analytics and revision of the construction project forecast depending on actual expenditure. This will help monitor cost control and margin and put the project back of track in the case of any deviations.

In actual terms, a time-proven, tested and industry approved ERP suite will achieve all the above and more. However, you can still explore the available options and listen to industry voice before selecting the right construction ERP software and allow technology to enhance operational efficiency and economy of operation.

To get more info on our Construction ERP Software visit https://www.tactivesoft.com/