Business is booming for construction and engineering companies worldwide. The sheer number of projects under construction and slated to be built is straining companies’ capacity to effectively resource and manage the work. And these projects are becoming increasingly complex, involving vast supplier networks, new building materials and approaches, and new risks.
At the same time, companies are facing important emerging challenges: the pandemic, geopolitical uncertainties, supply chain woes, price volatility, and roaring inflation. These come on top of the ongoing issues that have vexed the industry for years, from difficulties finding skilled talent to stagnant productivity, and technology lag.
Unfortunately, the traditional ERP systems companies have relied on aren’t nimble enough to address the ever-evolving complexities of today’s business environment. They were designed to process data and support finance departments, not provide field managers with the real-time information they need to make on-the-spot decisions.
That’s why companies need a better ERP system—one that delivers visibility across the enterprise, provides real-time access to critical financial and operational information, and enables leaders to capitalize on opportunities and innovations.
S/4 HANA: Next-generation ERP for today’s construction industry—and tomorrow’s
The S/4 HANA ERP platform enables construction and engineering companies to drive the digital transformation required to succeed in a time of rapid growth and ongoing disruptive change.
S/4 HANA provides the core business services every company depends on and augments this core functionality with an array of cloud-based solutions that deliver vital but non-core applications. This core-plus-cloud approach means that S/4 HANA can help companies solve issues and overcome challenges in the back office—and in the field. S/4 HANA brings project financial controls and management to the worksite, allowing field managers to access critical information when they need it and make decisions with confidence.
The S/4 HANA platform also allows companies take advantage of specialized, modular applications that deliver the precise functionality their business needs and help companies manage industry-specific complexities. For example, Illumiti provides modules tailored to the construction sector’s needs, including a union workbench, prevailing wage modules, project unit rate billing, time entry, and forecasting.
As business needs change, companies can add, remove, or modify cloud-based applications without requiring the often costly and time-consuming custom coding needed with traditional ERP systems. And that means companies can innovate and respond to changing business conditions more nimbly than ever.
Read Illumiti’s new white paper, Reach new heights with S/4 HANA, to learn more about how Illumiti and SAP can help your construction or engineering company become more innovative, responsive, agile, and successful. Questions? Contact us today.