At what point are construction companies seeing that Cloud-ERP Construction are not just for the back-office but are a competitive advantage in the field? The answer is now. Being competitive in a digital economy whilst operating on a legacy system is not possible. Cloud Factory are excited to share how our chosen Cloud ERP MYOB Advanced Construction and Accounting solution can change the competitive landscape for 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 when ready!
Construction professionals of all generations now have access to a modern solution that was born in the cloud and allows 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. Project Accounting, Contracts, Budgets, Commitments, Subcontractors, Workflows, Compliance, Billing, Payroll and a 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 are the capabilities within the overall solution but then if you have an element of Manufacturing within the business then this can be configured as well as After-Service in one cohesive integrated solution allowing a seamless flow of data. Further MYOB Advanced has the ability to integrate with essential third-party applications, such as Procore, Smartsheet, Power BI, Tableau, and more, which 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 reviewing the MYOB Advanced Construction Edition—modern construction and accounting software with accounting, project accounting, inventory, payroll, manufacturing, service management, CRM and mobile capabilities. MYOB Advanced 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!
Book a free initial assessment with us where we understand your business problem and suggest a solution which suits you best and ensures growth for your business.
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.