Unlocking Growth for Contracting Companies in UAE with HORIZON EBS Software

Maximizing Efficiency and Profits: How Contracting Companies Benefit from HORIZON EBS Software in UAE

Contracting companies in the United Arab Emirates (UAE) face unique challenges in managing complex projects, complying with industry standards, and maximizing profitability. In today's competitive business landscape, having the right tools and software is crucial for success. One such software that has been serving the contracting industry in the UAE for the last 30 years is HORIZON EBS (Enterprise Business System). This fully customized ERP software meets specific industry standards and requirements. In this blog post, we will explore how contracting companies can benefit from using HORIZON EBS software.

Streamlined Project Management: Managing projects in the contracting industry can be daunting, with multiple tasks, resources, and deadlines to track. HORIZON EBS software offers robust project management features, allowing contracting companies to streamline project planning, scheduling, budgeting, and tracking. With real-time visibility into project progress and costs, companies can ensure that projects are completed on time, within budget, and with optimal resource utilization. The software also enables efficient collaboration among project teams, subcontractors, and suppliers, enhancing communication and coordination. This results in improved project outcomes, increased client satisfaction, and higher profitability.

Industry-Specific Customization: HORIZON EBS software has been specifically customized to meet the unique requirements of the contracting industry in the UAE. It includes industry-specific modules for construction, engineering, and procurement, offering features that are tailored to the needs of contracting companies. The software supports various contract types, such as lump sum, cost-plus, and time and material, and provides comprehensive features for managing project budgets, subcontracting, change orders, progress billing, and retention. It also includes features for tracking material and equipment, managing resources, and complying with local regulations and taxation. This industry-specific customization ensures that contracting companies can effectively manage their projects and financials, adhere to industry standards, and achieve compliance, leading to improved operational efficiency and profitability.

Integrated Financial Management: Financial management is a critical aspect of running a successful contracting business. HORIZON EBS software provides robust financial management features, including general ledger, accounts payable, accounts receivable, payroll, and financial reporting. The software offers real-time financial visibility, allowing companies to track their financial performance, manage cash flows, and make informed financial decisions. It also automates financial processes, such as invoice generation, payment processing, and financial reconciliations, reducing manual errors and improving financial accuracy. The software also includes features for managing subcontractor payments, retention, and release, ensuring that companies can effectively manage their financial relationships with subcontractors. Integrated financial management in HORIZON EBS software helps contracting companies gain better control over their finances, reduce costs, and improve profitability.

Efficient Procurement and Inventory Management: Procurement and inventory management are critical for contracting companies, as they directly impact project costs and timelines. HORIZON EBS software offers robust procurement and inventory management features, allowing companies to efficiently manage their procurement processes, from requisition to purchase order to receipt. The software includes features for managing supplier contracts, vendor performance, and purchase pricing, ensuring that companies can effectively negotiate and manage their supplier relationships. It also includes features for managing inventory, tracking material usage, and optimizing material procurement, ensuring that companies have suitable materials at the right time for their projects. Efficient procurement and inventory management in HORIZON EBS software helps contracting companies optimize their costs, reduce stockouts and delays, and improve project profitability.

Real-time Reporting and Analytics: In today's fast-paced business environment, timely and accurate reporting is crucial for making informed decisions. HORIZON EBS software provides comprehensive reporting and analytics features, offering real-time insights into the project and financial performance. The software includes standard reports and the company provides custom reports based on the client's requirements.

When you get the right software like Horizon EBS Solution, changing the existing processes isn’t as time-consuming or complicated as it looks. The total ownership cost of modern solutions is also affordable as the return on investment is great – Complete Automation. If you need to know more about Horizon EBS, you can write to us at sales@fit.ae or ring us at +971 4 353 3727