At what point must construction companies see cloud construction and accounting software not just for the office but as a competitive advantage in the field? The answer is yesterday. Bluntly speaking, being competitive in this digital economy while operating on a legacy system is not possible. Cloud Factory are excited to share how our chosen born-in- the-cloud MYOB Advanced construction and accounting software can change the competitive landscape of construction firms.
Construction industry’s cloud construction and accounting software options
The construction industry is growing, and technology innovation plays a key role in its future. Next level success means utilising integrated, automated, and innovative software approved by both the back office and field personnel, which is quickly becoming populated by members of the Gen X, Millennial, and Gen Z generations. Even so, is the Australian construction industry ready to embrace modern, cloud-based construction and accounting software?
According to a recent technology report, many of the respondents were fairly comfortable implementing new technology. IT spending, however, is not happening as quickly as Gartner had predicted.
“…Gartner’s prediction of a 6% increase in IT spending remains unrealized for the construction industry. The fact that IT spending has remained at a virtual standstill for its third year is beginning to cause concerns,” the analysts note.
Perhaps one reason for the stagnant IT spending has been the lack of comprehensive construction and accounting software options available to the industry. If so, that has now changed with the introduction of MYOB Advanced Construction and the recent investment in Roubler for Workforce Management which will be integrated to MYOB Advanced People, but more on this at a later update!
Construction professionals of all generations now have access to a modern solution that was born in the cloud, allowing for seamless integration of their front, back-office, and field needs and of their specialty applications. The entire organisation can operate from a single source of truth in real time. Job costing, project management, contracts, budgets, commitments, subcontracts, workflows, compliance, billing, payroll, construction mobile app (and more) from one solution? Yes.
The efficacy of launching MYOB Advanced Construction is not theory. It’s been proven by actual users in the office and in the field, in the USA so comes to Australia with heritage and local governance, legal and fiscal compliance being managed by MYOB.
Competitive edge with construction and accounting software
As aforementioned, there has been, up to this point, a lack of comprehensive, cloud construction and accounting software available to construction professionals. That doesn’t mean there haven’t been any options, it just means what has been available has not been getting the job done—especially when the options are legacy systems imitating cloud solutions. To the other software vendors’ credit, they’re trying. MYOB, however, is proud to have taken the lead by designing innovative construction and accounting software that gives contractors a competitive edge.
The competitive edge when choosing MYOB Advanced construction and accounting software is that it can be configured to handle manufacturing, service, distribution, and construction business in one cohesive integrated solution allowing a seamless flow of data.” Further MYOB Advanced has the innate ability to integrate with essential third-party applications, such as Procore, Smartsheet, Power BI, Tableau, and more, allows our clients to compete at the highest level.
Australian Construction industry thrives
The construction industry is rapidly growing and technology innovation, which can eliminate silos and improve collaboration, plays a key role in its future. Not convinced?
Ask yourself these questions:
If you said “no” to any of these questions, you may want to consider researching Acumatica Construction Edition—modern construction and accounting software with accounting, project management, inventory, payroll, service management, CRM and mobile capabilities. It enables connected teams, better customer service, and increased profits.
If you would like to immediately review the solution of core MYOB Advanced Construction as a complete Cloud solution then why not schedule your personal review!
Cloud Factory is an ERP specialist, helping you implement ERP systems such as MYOB Advanced, SAP Business One, Microsoft Dynamics 365, Microsoft Dynamics 365 Business Central, Wiise, PowerPlatform and Korber K.Motion Warehouse Edge.