Return on investment or ROI is the ratio between net income and investment. A high ROI means the gains through the investment is higher than the cost of conducting or operating the business processes. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments. Wikipedia
The construction domain of today is undergoing a paradigm shift from the spreadsheet, MS Project, Tally, Sage, Primavera era to embracing the modern technological solution like the Construction ERP Software, BIM integration, IoT, Trench technologies, to name a few. Digitization and automation have begun to emerge as the forefront torchbearer of driving construction operations productivity and feasibility.
This blog focuses on the various aspects of construction management software in helping contractors raise a favourable ration on their ROI at a low cost. So what is a Construction ERP Software? It is a digital tool to streamline, simplify, standardize, integrate, automate, the construction workflow process, operations, workforce, and the resources to seamlessly manage the entire life-cycle of the construction projects from start to finish.