Software Stocktake to Avoid Project Cost Blow Outs


Developer and construction executives are scrutinising the return on investment of project management software and assessing systems to leverage data and avoid cost blow outs.

Many organisations are increasingly opting for a single construction technology system that can manage all business processes—from land feasibility, sales, construction, to accounting—rather than logging on to multiple siloed applications.

And the benefits of this approach can pay off significantly.

Considering the growing importance of working with real-time data, integrated enterprise software has distinct advantages.

Controlling all aspects of the development lifecycle through one system helps reduce financial and operational risk, enhance data security, and ultimately improve business results.

Current high confidence in the industry provides an ideal opportunity to consider the return on investment that can come from using contemporary, fully integrated and feature-rich systems said Construction Industry Solutions (COINS) managing director Jim Farrer.

“A cloud-based ERP system like COINS allows data captured on-site to be viewed in real-time, from any device, whether that’s back in the office or from a remote location,” Farrer said.

“Executives can rapidly evaluate the performance of all projects to ensure planned outcomes are achieved with maximum efficiency and low risk.”

▲ Many organisations are increasingly opting for a single construction technology system that can manage all business processes.
▲ Many organisations are increasingly opting for a single construction technology system that can manage all business processes.

COINS principal solution architect Wayne Kemp said users of integrated software only need to enter data once—not spend time updating several individual systems—which provides an immediate and clear picture of an organisation’s performance.

“Our experience is that visionary and strategic executives are attracted by solutions that help them manage their business holistically, as opposed relying on snapshots from niche products which only reveal part of the business picture,” Kemp said.

“Mid to large-tier companies in particular, tend to engage industry-focused ERP providers as trusted business partners to deliver strategic outcomes allowing them to manage increasingly large portfolios and fully understand profitability with confidence.”

Having evolved over two decades in the construction industry, COINS’ technology provides developers and contractors with software at the forefront of industry business systems.

COINS has been specifically developed to manage all aspects of the residential property development lifecycle from land feasibility, construction, CRM, accounting and payroll, cost control, and maintenance, in one robust system.

Contact a COINS construction industry software expert today to discuss how our technology can support better outcomes in your organisation and deliver a sought-after, long-term return on investment.

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