Construction Relies on ERP Solutions to Forecast in an Uncertain Market
Construction in the United States continues to be an economic driver despite multi-state closures from COVID-19. Construction companies and contractors rely heavily on business forecasting and projection tools to maneuver current market conditions.
The impact of COVID-19 has presented new levels of competitive bidding, market diversification, and infrastructure investment from the federal government. Construction companies rely on modern technology solutions that provide real-time data in order to respond and adapt to market changes.
Access to the right ERP software solution ensures that construction companies and contractors can connect, collaborate, and drive business forward.
The uncertainty from ever-changing market dynamics has pushed construction into the digital world where they have immediate access to forecasts, budgets, and Risk Management from a single ERP solution. Access to real-time data helps construction companies make informed decisions about cashflow, project viability, and margins. Business managers are more agile, and can effectively plan for different scenarios, and turn market challenges into opportunities.
Construction projects can operate on very thin, or negative margins if not managed daily. Successful companies understand that seamless connectivity from the field to the office, and tightly managing the supply chain are necessary components for managing margins.
Construction technology guides informed decisions for planning and forecasting.
COINS Business Planning and Forecasting (BPF) is powerful construction management software that streamlines monthly financial reporting and provides up-to-date operational and financial data. Critical business decisions can be made with confidence. Ultimately, the value lies in making better decisions faster and enabling executive management to navigate market dynamics and steer their business in the right direction.
Investing in the right construction ERP solution to manage risks and opportunities is more vital than ever in the current COVID-19 market, however, a long-term view needs to be considered.
Security of data, access to industry-specific services and support, combined with a viable technology and solution roadmap will ensure your investment is protected. Developed by industry experts, COINS' Construction Cloud software has the flexibility to evolve, scale and adapt as your construction business grows and as the market changes.
How does your construction company plan to successfully forecast through 2021?
COINS is a construction software specialist who genuinely understands the business challenges and opportunities contractors face at a macro and micro level. The organization is uniquely placed to work with builders, engineers and developers to provide expert advice and support for strategic business growth and maximum return on investment.
Can we help you?
Get in touch with one of our experienced team members to learn how COINS construction management software can support your organization.
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