5 Reasons to Connect your BIM 360’s Cost Management Module with your ERP System
The construction industry is redefining the way it was perceived, by designing and constructing building structures that are complex, magnificent and efficient. The projects are getting more composite, and so is the job of the people involved in the process. Over 72% of the total construction firms are adopting BIM to streamline the work, to increase efficiency and to avoid technical glitches in the project and for that integration of the technology is not about luxury but a requirement.
The most critical area in the project management was aligning the field-facing project management software with the back-office accounting (or construction cost management) applications which could have had a huge impact on the success or failure of the project. Connecting digital project data with the accounting and ERP (Enterprise Resource Planning) system has now been achieved with the latest advancement in technology by Morpheus Group and it’ll enhance how we work and communicate in a BIM 360 ecosystem. So, here are 5 reasons why a construction firm and/or subcontractors need to connect their BIM 360’ cost management module with their ERP system:
1. One Source of Information: The integration of the software/applications will allow the sharing of the same data and information throughout the communication amongst the architects, contractors, sub-contractors, and engineers. There will be no gap in information served to everyone and better decision making will prevail.
2. Reduced overhead costs: When one contractor updates the information in the software, the rest of the data gets updated, and thus doesn’t require manual effort to enter, import, or export data. The project manager now will get time to concentrate on the core business objectives, can deliver reports quicker, and save hours of otherwise wasted time.
3. Faster decision-making: Previously, the construction firms reviewed the cost of construction every month through accounting which slowed down the speed of the project. Today, project managers need to take quick decisions, sometimes once a day and sometimes once every hour, and so to speed up the process, construction firms are connecting their ERP system with their BIM 360’ cost management module. The project managers now can have an efficient exchange of data/information with the issues into line-of-sight, and take accurate decisions.
4. Complete project perspective: Project managers can have a wider perspective and visibility to the operations of work, and have a holistic approach while taking decisions; by having project financials and other information sources available at one place.
5. Minimized Risk: Entering each detail in the software is a laborious task, and inaccurate data input can lead to the creation of a range of liability issues. The integration of software will expose the information to multiple stakeholders reducing the amount of risk involved and enhanced product delivery time.
Conclusion:
The AEC (Architecture, Engineering, and Construction) industry is growing at an exponential rate, and with that the number of skilled and unskilled labour involved in this industry. The AEC professionals were highly occupied in manual data entering rather than spending time on processing the information accurately; demanding evolution in technology. The integration of ERP systems with the BIM software was a much-needed update, and it’ll now allow finishing the job quickly, efficiently and with lesser faults, and the architects will be able to put more time and effort into designing a seamless structure than doing a laborious job.
TechnoStruct is a leading name in the construction industry. It specializes in providing design, engineering, and construction solutions to commercial projects across industries, with a diversified range of services including but not limited to BIM, MEP engineering and designs, Mechanical Subcontractor, Solar, Electrical Subcontractor, and many more.