Procore Pro users know how to make the most of Project Financials. They rely on the suite of tools to enhance reporting accuracy and manage change.
However, how do you take Project Financials to the next level?
Integrate Procore with ERP
A construction management platform like Procore is a must for businesses in the construction industry. However, organizations rely on other tools like Enterprise Resource Planning (ERP) systems.
Both solutions serve different purposes. It is possible to unlock a host of perks to transform your construction projects by integrating the two suites.
Groundbreak 2023 will host a workshop on 20th September on the above topic. Businesses that have integrated Procore with ERP will share their insights.
You should attend the event, even if online, to understand how the integration can benefit your business.
In the meantime, we will share our insights backed by decades of helping businesses implement and integrate Procore seamlessly.
Allow Seamless Data Flow
Integrating Procore with your ERP allows seamless data flow between the two platforms. Procore excels in managing construction-specific tasks like project management, document control, and field reporting.
On the other hand, ERPs excel in financials, procurement, and HR management.
Integration of the two systems creates a unified ecosystem where data moves effortlessly. It eliminates the need for manual data entry and reduces the risk of errors.
The process results in improved accuracy and efficiency in project management. Additionally, you can streamline and manage your accounting processes more efficiently.
Generate Real-Time Insights
Project stakeholders can access real-time construction insights and analytics by integrating Procore with their ERP.
For example, project managers can see the financial impact of change orders or track costs in real time. Additionally, financial teams can monitor budgetary compliance and cash flow.
The real-time visibility enables informed decision-making and helps construction companies identify and address issues promptly. Most importantly, the approach reduces the potential for costly delays and overruns.
Improve Collaboration
Construction projects need different teams to work together. The list includes architects, engineers, subcontractors, and suppliers.
Effective collaboration is essential to keep everyone on the same page and ensure optimal project outcomes.
You can enhance collaboration across stakeholders by integrating Procore with your ERP. It creates a central hub where all stakeholders can access the necessary information.
The process leads to better communication, streamlined workflows, and project success.
Effective Cost Control
Cost control is a critical aspect of any construction project. Integrating Procore with an ERP system allows for better cost tracking and forecasting.
Project managers can monitor expenses in real time and compare them to the budget. Moreover, procurement teams can optimize vendor relationships and negotiate better deals.
The proactive approach to cost control can result in significant savings and improved profitability.
Efficient Document Management
Document management often becomes a headache in large-scale construction projects. Fortunately, Procore comes with powerful features to manage construction documents and drawings.
Consequently, ERP systems excel in managing financial documents and contracts.
You can further streamline and organize your document management by integrating the two solutions. For example, you can match invoices with project documents automatically.
The process reduces the risk of discrepancies and speeds up the payment process.
Reduce Administrative Burden
Construction projects involve a substantial administrative workload, from tracking time and expenses to managing payroll and invoices.
Integrating Procore with ERP automates many of these administrative tasks to save effort.
For example, time entries from Procore can seamlessly flow into the ERP system for payroll processing. Or, invoices generated in Procore can be integrated into the accounting system for payment.
The connected system reduces manual data entry, minimizes errors, and frees up valuable time for employees.
Unrestricted Scalability
Construction companies need solutions that can grow along with the business. Procore and ERP integration offers scalability and allows organizations to take on new projects.
They can expand their operations without significant disruption or challenges.
This seamless scalability ensures your software infrastructure can keep up with your company's growth.
Integrate Procore with ERP Today
Integrate your ERP with Procore for added advantages and cost savings. It leads to streamlined workflows, improved project management, and optimal outcomes. You can also attend the Groundbreak workshop to learn more about integrating the two solutions. Assetsoft can also help you create a connected ecosystem of apps.