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MYOB supports New Zealand's construction industry with latest release

MYOB has launched MYOB Advanced Construction Edition, a new software to help contractors and builders manage complex projects and budgets, with real-time visibility.

Backed by MYOB’s premiere cloud Enterprise Resource Planning (ERP) software, MYOB Advanced, the Construction Edition is the latest industry-focused solution in MYOB's mid-market portfolio and follows on from the release of MYOB Advanced Manufacturing Edition.

This latest addition has been developed to be the single source of truth, providing project managers with real-time visibility across all elements of their project, as well as insights that equip them with all they need to know to make informed, strategic decisions and ensure their project remains on time and on budget anytime, anywhere and on any device, MYOB states.

With integrated functionality catering to the needs of those working in the construction industry, the solution helps users gain control over their projects and connect with their teams, with key features solving common pain-points.

According to MYOB, project complexities are reduced and processes are streamlined with budgets, teams and schedules all captured in one cloud platform; team collaboration is improved with access to the same project information; and real-time visibility means issues can be spotted and addressed quickly.

In addition, budgeting and forecasts are more accurate, with the ability to anticipate changes in project scope and any associated impact on costs on existing projects; and users are also be able to estimate costs for future jobs.

Improving on-site intelligence, project managers can build a complete history of their project with photo logs capturing day to day progress, providing added insight into progress on site, MYOB states.

The new solution also helps with compliance management. From warnings about expired certification or the need for insurance liens, a combination of compliance tracking, dashboards and alert notifications will ensure that project managers stay ahead of any compliance-related actions, the company states.

MYOB head of product enterprise Frank Feustel, explains that the intelligent functionality of the new MYOB Advanced Construction Edition offers valuable solutions to challenges often experienced by those in the industry.

Feustel says, “Effective project management solutions can be critical to the delivery of successful outcomes for builders, contractors and project managers, not to mention their clients.

“In a recent report on the New Zealand construction industry, the two most common causes of disputes were reported as poor-quality documentation and delays in work or extensions of time on projects.

“We've heard from our customers about the many issues they face when managing their projects, budgets and contracts, particularly when they're on site, so we knew it was important that we deliver an effective cloud solution that would help resolve these.”

Feustel says, “Work in the construction sector is high value but it also comes with high risk, and a big part of our commitment to shoring up the survival and success of local contractors and builders is helping them to manage this risk.

"In addition to providing them with an end-to-end platform that helps keep work to time and budget, this also means supporting them to meet compliance requirements that are crucial to their ability to deliver their projects."