According to a study conducted by Deloitte, “Real Estate Confidence Survey for Central Europe”, the increase in construction costs is the biggest challenge of 2022 for 90% of real estate companies in Romania and other countries in Southeast Europe.
Study participants believe that the war in Ukraine has generated supply chain syncope, accelerating the rise in the price of both building materials and energy. This concern, together with that related to widespread inflation, the difficulty of finding land and the general uncertainty in the market, is reflected in the perception of developers about the evolution of profit margins, 90% of which expect a deterioration.
The digital transformation is increasingly mentioned among the factors meant to increase the competitiveness of organizations and maintain profitability in the construction industry. What is digital transformation? The implementation of digital technologies to create or modify business processes is called digital transformation. Most companies decide to go through the process of digital transformation for several reasons. One of them refers to the need to remain competitive in the market, and the use of software solutions dedicated to the construction industry makes it possible.
ERP solutions are one of the most representative indicators of progress in the field of software developments. They can play a key role in the technology strategy of construction companies and reflect their progress in the field of digitization and automation.
SocrateERP means a step forward both in terms of efficiency and in terms of better results, better allocated resources, more fluid processes.
In recent years, SocrateERP has gained more and more ground in the Romanian construction industry, with our customers benefiting from critical functionalities for the construction sector.
Construction site control
Site managers can enter and consult data in the system at any time, directly from the site. The most important information is the consumption or reception of materials on projects, timesheets and equipment. You will know at all times when and with what materials you need to procure for construction projects, so that there are no delays.
Mobile application for employee timesheet directly from the construction site
SocrateTimesheet allows team leaders or site managers to take over the timesheets directly on their mobile or tablet for subordinate employees on their ongoing projects, with the introduction of phase and subphase hours available for a maximum of 3 days (previous day , present day and next day). The application is very intuitive and easy to use, works online and offline, has a friendly interface and is suitable for companies regardless of size.
Controlling the construction projects
Controlling the construction projects involves tracking how they are done and the status of each project. This means that for each project there is in the system a detail of it at the level of phases and subphases and for each of them the consumption of materials, the consumption of hours, the possible contracts with the service providers are followed according to the estimates. For each project, phase, subphase and activity, a comparative report can be generated: forecasted versus realized.
Equipment and machinery control
Equipment and machinery are indispensable in any construction project. That is why it is necessary to monitor them, both the time allocated to the project, phase or subphase, and the related costs. For each piece of equipment or machinery, the hours worked, the diesel consumption, as well as the number of kilometers traveled are recorded.
Real-time reporting system
Every construction manager wants to have control over his ongoing projects and the relationship with customers and suppliers, so that he knows the status of projects, costs and revenues and what the profit is in real time. With the help of dedicated reports from SocrateERP, construction companies can track their profitability in real time, both at project and company level, material consumption, consumption of hours, effort, equipment and transport versus those planned at the phase, subphase and project level, cash flow reports, project costs realized versus planned, production in progress, unpaid balances or unallocated expenses.
So digital transformation into construction is no longer just an option, but a step that will radically transform the industry and make construction companies more competitive and agile.
Are you ready for change?
