Engineering and Project Companies: Few Queries to Ponder

Incorrect estimation of 3M’s of your Business (Manpower, Material and Machinery) could hurt you very bad, what is worse if you do not monitor actual viz a viz your estimation, you might be loosing lakhs of rupees without actually knowing about your losses! In today’s turbulent times reducing the costs and wastages are AS important as making Sales. You need a powerful engine which can help you to estimate and budget resources for your project and monitor regular usage by providing powerful MIS reporting to track your actual consumption versus your estimate. With Powerful Estimation, Budget and Actual usage quantities, Sage Accpac ERP keeps a close tab on actual resource consumption v/s budgeted and estimated quantities.

Inflated Revenue, deflated costs and not recording of all your expenses and overheads might give you Rosy picture of your profitability index, who knows there could be bed of thorns behind Rosy books of accounts, you might be bleeding internally in absence of a perfect Costing System for your projects. You need a system which can accurately track your costs, overheads, project expenses and revenues from a project to give you a 360 degree view of financial health of your each project. Powerful Financial and Project costing engine calculates accurate costs associated with executing the system and gives you accurate profitability on each single project.

In absence of a close monitoring system, you never know when a delay from getting subcontracted work done could affect overall project schedule; at times subcontractors may delay in performing tasks and lack of control systems do not allow you to act in Timely manner. With advanced subcontract tracking you get actual status of your subcontracted activities and take timely decision in case of delays from subcontractors. Analyze cost and performance of various subcontractors and take informed decisions.

Be it any resource (Men, Machinery or Material), it costs you MONEY, in absence of close control over issuance of material and manpower on various projects you might be incurring more costs reducing profitability of the project or even making the project see Red. With aid of powerful user authorizations and controls you can restrict issuance of material and other resources for a project over allowable limits; only senior level authorities can monitor and authorize issuance of more material then permissible limits.