Managing construction projects is a complicated business. So many different tasks are involved, and work often occurs across multiple sites, adding to the difficulty of ensuring that the necessary equipment and labour are in the right place at the required time.
On top of all that, there’s the challenge of managing multiple subcontractors so everything gets done within budget and on time. This is why effective management is so important – because margins in construction are so thin, delays and the ballooning costs that go with them can soon threaten a constructor’s financial viability.
IFS Cloud solutions, delivered by Muzulu, help constructors take charge of projects and their supporting processes with a range of project management tools. Here are our top seven IFS Cloud features and how they can help take your construction projects to the next level.
Schedule of work
Real-time project visibility
Fully integrated and automated CIS
Multicurrency budgeting and forecasting
Enhanced resource planning and management
Streamlined payment and subcontract functions
Supporting the full asset lifecycle
1. Schedule of work
IFS Cloud’s schedule of work tool helps constructors streamline what actually has to be delivered on a project and when. It allows construction companies to measure their progress by individual deliverables, which can greatly help when delivering complicated projects.
This means IFS Cloud gives you a detailed and structured understanding of how things are proceeding right from the start of a project. It also provides in-depth financial visibility over a particular project, ensuring you know exactly what you should claim from your customers and how much you need to pay your suppliers.
2. Real-time project visibility
One of the biggest advantages of IFS Cloud for construction is its comprehensive visibility of how work proceeds in real time. This gives you a more accurate view of where you’re up to with a particular project and how your resources are being deployed.
This gives you more confidence in cash planning, project progress management and forecasting. With greater visibility over your projects, you can give more accurate quotes and deadlines and are in a much better position to deliver on budget and on time.
3. Fully integrated and automated CIS
IFS Cloud solutions, delivered by Muzulu, make it much easier for constructors to comply with the Construction Industry Scheme (CIS). IFS Cloud automates verification with HMRC, ensuring that deductions and filings comply with CIS.
There are several aspects to CIS compliance – registration, paying subcontractors, ensuring that the right records are kept, and so on – so handling all this manually can be difficult. By automating this process, IFS Cloud gives you one less thing to worry about.
4. Multicurrency budgeting and forecasting
IFS Cloud enables constructors to compile forecasts and budgets across multiple currencies. This is an aspect of construction operations which is often overlooked.
It is important to understand that larger projects may have inputs and outputs that aren’t all in a single currency. Constructors working on such projects, therefore, need to be able to budget across different currencies to measure the progress of a project against its original calculations.
5. Enhanced resource planning and management
Constructors routinely have to deliver complex projects to tight schedules and budgets. Good resource planning and management helps companies to ensure that resources are allocated efficiently, saving unnecessary time and effort.
IFS Cloud solutions delivered by Muzulu help constructors manage workloads effectively, enhancing efficiency across the board. This, in turn, helps to ensure the timely delivery of projects to the requisite standard while reducing the risk of delays and cost overruns.
6. Streamlined payment and subcontract functions
IFS Cloud allows constructors to manage payments and subcontracting through one convenient, easy-to-use tool. This helps to drive efficiencies and strengthen relationships with both customers and subcontractors.
With IFS Cloud solutions delivered by Muzulu, you can manage subcontracting more effectively with enhanced control over costs and deadlines. You can also control project changes and ensure timely payment for completed tasks.
7. Supporting the full asset lifecycle
IFS Cloud supports the full asset lifecycle, enabling constructors to make the most efficient use of equipment while extending its lifespan. Constructors can track assets from design to decommissioning while lowering costs through improved maintenance.
By providing you with a comprehensive overview of how your assets are deployed and how they’re performing, IFS Cloud optimises performance across the asset lifecycle as well as maximising efficiency. It also ensures a better customer experience, laying the foundation for long-lasting, mutually beneficial working relationships.
Muzulu is a trusted IFS specialist dedicated to helping your business grow and flourish.
