4 Ways How ERP Can Help the Construction Industry in its Financial Challenges

August 10, 2016 / GuidesFor Team

The British construction industry is facing enormous challenges because of two factors: the exit of the United Kingdom from the European Union, which has affected investor confidence; and 7 billion pounds owed the industry by unpaid invoices.

While the Brexit situation is unique, the mountain of unpaid customer bills is something that other industries may face. This can be averted or addressed by adopting the Enterprise Resources Planning Software (ERP) which can help businesses in their financials. It has helped the British construction industry by helping them monitor their cash flow, create accurate financial forecasts, monitor the status of important resources, and automate pesky but necessary tasks like sending customers invoices for those unpaid bills.

What the ERP has done for the British construction industry, it may yet do for your business. Read on for more. – Cora Llamas.

 

Blog post looking at the financial difficulties construction companies are facing

Read the source article at UK Microsoft Dynamics NAV Partner

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