4 Useful Software for Construction Companies in Africa
- by Eric Elikplim Dorvlo
- Updated September 27, 2021
Despite technological progress, most construction companies in Africa still rely on manual data entry, spreadsheets, and paperwork for their business processes.
According to research, technological development in the construction industry in Africa has fallen behind many other industries, with the consequent use of aging technologies (Manseau and Seadon 2001).
If your construction company wants to remain competitive and not be left behind, you’ll need to find ways to smartly integrate new technologies to stay on top.
Here are 4 categories of Software you need to enhance your business process in the construction sector.
1. Cost Value Analysis Software
A Cost Value Analysis software is often known as Cost-Benefit Analysis, is software that adds up all the benefits of an initiative (i.e. a project) and then subtracts the associated costs.
It is software to evaluate the costs vs. benefits of an important business project built for construction firms.
It includes a list of every project expense and the benefits after successfully executing the project. From that, you can calculate the return on investment (ROI) and others.
Webber Mill’s CVA software produces concrete analysis via interactive dashboards that can be used to develop reasonable conclusions around the feasibility and/or advisability of a decision or situation.
Benefits of Cost Value Analysis Software
- It is data-driven: Rather than relying on guesswork, data-driven decision-making allows you to leverage verified and analyzed data when working towards main business goals and objectives.
- It makes decisions simpler: Business decisions are often complex by nature. By reducing a decision to costs versus benefits, the cost-benefit analysis can make them less complex.
- It can uncover hidden costs and benefits: The features in this software forces you to sit down and outline every potential cost and benefit associated with a project, which can help you uncover indirect or intangible costs.
- Suitable for all projects small or large: This software can be used for any project regardless of its size.
2. Business process management applications
Business process management software applications allow organizations to manage, automate, and optimize their recurring business processes.
These software applications generally consist of a customizable digital form to collect information for the process and an automated workflow of tasks to process the information.
It is just as mortar holds together the walls of a structure. This kind of software can solidify your construction company’s efficiency and organization.
With web and mobile applications, it’s easier and quicker to manage files and drawings, transfer data, perform on-site calculations, track finances, and report on labor and equipment hours.
3. Payroll software
Payroll software is a solution that manages, maintains, and automates payments to employees.
For larger companies, using payroll software is an absolute necessity for avoiding mistakes and keeping all aspects of payroll streamlined and consistent.
A quality payroll software helps construction companies to accurately and efficiently process payroll, pay slips, year-end bonuses and a host of other payroll concerns common to any business operation.
An easy to use payroll software can be a lifesaver for over business owners, allowing smooth daily operation of business activities and making sure that employee satisfaction and morale is kept high through competent pay management.
4. Tax software
A comprehensive, easy to use and easily implemented tax software application can provide exactly what construction companies need in order to navigate the complexities of the nation’s tax framework.
We all know that fulfilling legal tax obligations and calculating the best tax outcome for your business is one of the most important aspects of maintaining business integrity.
The best accounting software programs on the market are those which provide small businesses with the ability to easily accommodate and deal with the complexities of different international tax regulations.
Tax software can also eliminate extra work and give you relevant information about your taxes.