BITSoftware announces the launch of a new version of SocrateERP in the cloud, the complete business platform that includes new features developed and used by our industry-wide customers to streamline their business activities. Here is a brief review of the most important new functionalities.
We have already been accustomed to coming up with new legislative changes every year and beginning of the year. Neither the 2018 end disappointed us and came up with important legislative changes. Two of them were the minimal wage differentiated and the granting of tax incentives to construction companies.
A new Socrate Payroll was just launched and is already available to our customers. This new version contains a series of upgrades and new features and the most important ones are:
Implementing an ERP system is an expensive initiative, both in terms of time and money, and its benefits are seen in time and only if implementation is done correctly. Panorama Consulting, however, announces that 1 out of 5 implementation projects are subject to failure.
ERP systems are continually evolving. For the next year, we have already identified some trends that redefine the framework for using ERP systems. If you do not yet use an ERP system then you should consider these trends and determine how they might address the needs of your company.
Even if the global trend is to adopt cloud solutions, there are still companies who want to implement ERP on-premise solutions or are undecided about choosing cloud vs. on premise.
The main differences come from how they are installed, but also from the price. On-premise ERP systems are installed on client servers and require the presence of an IT department. Customisations typically require specialised resources and are time consuming and costly. Updates are made against the cost and should be done carefully so as not to override special customisations and settings made previously.
For cloud solutions, you do not need hardware, and users access the software in a web browser, and updates are done automatically. Cloud applications are easy to improve over time, but on-premise systems are prone to remain on older versions for a longer period of time because they are more difficult to update.
The difference between pricing models demonstrates that SocrateERP's cloud version has a lower start-up cost than the on-premise version.
Construction companies have one of the most increased process complexity due to the segmentation of their activity, to working simultaneously on multiple sites, and to the use of multiple profit centers.
In the case of running concurrent projects, it is most often that the actual costs are different from one project to another, even if the initial calculations showed a similarly planned cost. How do you figure out where a problem has occurred, where to intervene, and what needs to be corrected?
According to a survey led by Oracle, to which more than 400 IT leaders responded, more than 76% said they planned to switch from ERP to ERP in the cloud if they have not already begun.
Why such a move? We quickly figure it from the answers of those who participated in the survey.
The success of any company is measured when drawing a line at the end of the year and calculating the profit. For sales departments, where changes are the order of the day, a modern CRM solution is the one that effectively streamlines your business by automating certain tasks so that you can take advantage of all the sales opportunities.
BITSoftware, a business solutions provider with over 24 years of experience, proposes Tustena CRM, a modular solution that adapts to any business, no matter how the sales are made.
A study led by EY and summarized in the Profit shows that Artificial Intelligence, talent diversification and new regulations are the engines of growth of mid-size companies globally over the next 12 months.
Attitudes towards new technologies evolved faster than last year. If in 2017, 74% of global mid-level executives say they will never adopt Process Automation (RPA), only 12 months later, 73% of respondents say they are already adopting or planning to adopt artificial intelligence AI) over the next two years. According to the study, companies recognize the need to become more agile. However, with their desire to adopt new technologies and incorporate AI into their businesses, company leaders are in danger of underestimating the magnitude of cyber threats. In fact, only 7% of them plan to invest in technologies that reduce the risk of cyber attacks the following year, and 6% think cyber threats are a challenge for growth.
Artificial Intelligence has numerous applications in all areas, and in constructions an Artificial Intelligence system can be used in a more or less close future, from planning equipment to a site, planning service interventions, planning replacement existing machines with new ones, etc.
Artificial intelligence, in addition to being a very fashionable subject, would also bring a number of benefits to the construction industry. Reducing design time through the ability of the AI system to design automatically (and perhaps with a higher degree of safety ?!), reduce costs and waste by calculating the exact material requirements for construction work, reducing time execution through better planning of machines and equipment. Is there also a response to lack of staff? We will see!
These would be only the first steps in the use of artificial intelligence in the construction industry, but evolution will not stop here. Most predictions for the next 30 years indicate that the construction market is one of the first to be completely changed by the growth of artificial intelligence applications.