The Benefits Of Cloud ERP On Remote Working
With many realising the benefits of remote working after COVID, construction businesses are now looking for construction software that accommodates this approach, whilst remaining productive and efficient.
Maintaining the operational cadence between office or home-based teams with site-based staff is an ongoing challenge. Ensuring that teams have access to the same information whenever and wherever its needed, requires a comprehensive system that unifies all areas of a business into one platform.
One of the many benefits of cloud ERP systems is their centralised approach to data, pulling all elements of a business into one comprehensive platform. Construction-specific ERP systems, such as Access COINS, are cloud-hosted and provide bespoke features tailor-made for the construction industry.
From improving collaboration between back-office staff and field teams, to providing remote access to your businesses operations, let’s dive into some of the key benefits of cloud ERP.
Benefits Of Cloud ERP: Increased Functionality
Some of the most powerful, value-added, cloud ERP solutions such as Access COINS, ensure secure, end-to-end consistency and collaboration between project stakeholders.
The cloud-first technology that underpins the architecture of these solutions naturally supports remote work, as approved users with an internet connection can remotely access the system from anywhere.
Additionally, mobile applications extend the reach of construction solutions, allowing site-based personnel to perform their roles using WiFi or cellular data as well as offline when no data connectivity is available.
Access COINS is built and hosted on Microsoft Azure, the leading cloud for business applications. While other solutions may be based on client-server software and require third-party infrastructure to run remotely, Access COINS architecture coupled with Azure eliminates all of that, enabling secure and resilient solutions out-of-the-box. COINS Construction Cloud also integrates with Microsoft 365, making its solutions easily compatible with your businesses software suite such as with SharePoint, Outlook, Teams and more.
Cloud-based ERP systems promote and enable working from anywhere, minimising friction and reducing IT infrastructure overhead and maintenance costs.
Benefits Of Cloud ERP: Improved Operational Controls
Cloud construction software automates and digitises processes for time collection and access control, site procurement, resource management, production tracking, budgeting, forecasting, contract costing, plant and asset management, project management and service management.
Access COINS delivers a digital and integrated approach that’s ideal for remote working. For contract management and operations, the cloud transforms and modernises the end-to-end management of construction sites by improving all aspects of financial and operational controls.
It facilitates compliance, eliminates paperwork, automates workflows, enhances communication and connects offices and construction sites. More specifically, with cloud construction ERP all of this functionality is accessible remotely.
Benefits Of Cloud ERP: Streamlined Financial Solutions
Finance is a key area where cloud construction ERP software can add value through a digitised and integrated approach. Cloud ERP such as Access COINS provides a single platform and secure cloud-based solution for all business-critical processes related to finance. These functions are designed to comply with standard tax/finance rules and regulations as well as those specific to the construction industry.
Access COINS also offers credit, debt, cash management and industry-specific payroll solutions that provide custom views at every operational level. Back office billing and project accounting components tie in with contract management functionality, allowing finance, management, and commercial teams to review the real-time performance of projects wherever they might be.
On a larger scale, Access COINS provides actionable insight into process performance with comprehensive dashboards and reports. These analytics, which are easily available through a browser or mobile device, promote real-time, informed decision making. Typical reports include contract-level to enterprise-level profit and loss statements, budget and forecast reports and combined finance and operational KPI reports.
Benefits Of Cloud ERP: Paperless Supply Chains
With cloud-hosted construction ERP software, suppliers and construction enterprises can create and access digital product catalogues and execute transactions based on commercial agreements.
This approach minimises ad-hoc purchases from unqualified suppliers and simplifies tracking purchases. It also allows office teams and financial teams to carry out this work remotely or on-site, whilst still having full access to the financial systems and data required to compile and complete these transactions.
Furthermore, electronic trading supports paperless ordering and invoicing to cut the cost of transaction processing. Supplier and subcontract management solutions further eliminate time-consuming paper processes by digitising onboarding, insurance and certification management, as well as the subcontractor payment application process.
ERP systems such as Access COINS also offer digital workflows and approvals whereby users can review and approve transactions via our web or mobile-based construction solutions.
