With technology having reached a point of inflection in recent years, key industries, if not all, have experienced significant changes and an acceleration in their growth trajectory. As such, the pace of commerce has been increasing at an unprecedented rate and processes are being streamlined and optimized. As a result, customers expect more in a shorter period of time. This blend of requirements, complexity and pressures — combined with skills scarcity — is changing the way construction projects are delivered. A tool to manage these changes is technology, specifically a Next Generation ERP, such as CMiC’s CONSTRUCT™ suite.
The Demand for a “Post Modern ERP” Increase
As the industry continues to transform, the systems used to manage construction work must also change. As such, leaders at most construction firms understand the significance of this shift. According to a study by Gartner, 91% of all organizations — including construction firms — are searching for new capabilities to better integrate and streamline their Enterprise Resource Planning (ERP) systems so they can leverage robust capabilities, select from deployment options that align with their technology infrastructure, and optimize processes to manage multidimensional projects.1
Business Value and Applicability: What Next Generation Construction ERPs Bring to the Table
In theory, “Enterprise Resource Planning (ERP) is defined as the ability to deliver an integrated suite of business applications. ERP tools share a common process and data model, covering broad and deep operational end-to-end processes, such as those found in finance, HR, distribution, manufacturing, service and the supply chain.”2 With that said, every aspect of a construction business that affects performance — from revenue and cost management to document and change order management to subcontractor procurement and billing — is a key component to an ERP. Accordingly, these next generation platforms equip teams to optimize processes and deliver projects in the most effective way possible.
Here are some key benefits of leveraging post Next Generation ERPs:
Advanced Integration Capabilities
Improved Project Quality and Team Performance Using Real-Time Data
Enabling a Connected Workforce by Connecting Teams Back Office and Field Teams
Futureproofing Your Organization: Finding the Best Next-Generation Construction ERP System for Your Construction Firm
When you kickstart your evaluation journey to find a Next Generation Construction ERP, it’s critical to look for a solution that improves project delivery, optimizes processes and promotes communication and collaboration.
Below are key considerations to make during your evaluation journey:
Key Capabilities to Facilitate Real-Time Collaboration and Communication
Cross-Device Access and Functionality
Optimized and Creative Workflows
Advanced Design and Easy-to-Use Interface
Strong Offline Capabilities
CMiC: The Leader in Next Generation Construction ERP
To keep up with the accelerating the pace of business today, decision makers at construction firms often find themselves on a mission to modernize their ERP systems — all with the end-goal of improving efficiency, fostering collaboration, enhancing mobile access, and facilitating seamless integration with other systems.
CMiC, a leading construction ERP provider, addresses this requirement with a postmodern ERP solution. Its postmodern ERP as a technology solution automates and marries administrative and operational business capabilities — which includes finance, HR, quality and safety, bidding and procurement as well as opportunity management — to drive flexibility and agility for its users.
What catapulted CMiC’s position as a leader in next generation construction ERP was the launch of the latest product offering, CONSTRUCTTM.
Sources:
1. Gartner. 2023. Postmodern ERP
2. Gartner. 2023. Gartner Glossary
Download the Next Generation Construction ERP: The Future of Construction brief below
