The Sage X3 ERP consists of a range of modules, from which Sage X3FC has been developed specifically for the construction industry. Sage X3FC has transformed a number of leading construction companies to organize their projects, documents and costing seamlessly in a productive manner.
Construction projects and Construction Enterprises require a lot of planning and management to ensure they are completed on time, within budget, and to the desired quality. X3FC is an ERP software that provides an efficient solution to this challenge by streamlining the project management process and mapping the entire building construction paradigm. Here are the benefits of using X3FC in construction business:
1. Timeline Tracking: X3FC enables organizations to track the timeline of their projects, which makes it easy to identify activities that are delayed and to provide guidance to catch up with the schedule.
2. Integration with Primavera/MS Project or other project management software: X3FC allows organizations to prepare project schedules in Primavera or MS Project and import them into X3FC, saving time and making it easy to set up a WBS tree for project tracking.
3. Budget Tracking: X3FC enables organizations to track the budget of their projects, reducing the risk of budget overruns and resulting losses.
4. Earned Value Management (EVM) & Performance Indicators: X3FC provides complete EVM performance indicators, including planned value (PV), earned value (EV), actual cost (AC), schedule performance index (SPI), cost performance index (CPI), estimate at completion (EAC), and variance at completion (VAC). These KPIs help organizations predict the final cost of the project and make informed decisions.
5. Activity-wise Tracking: X3FC provides activity-wise budget cost, which makes it easy for organizations to specify their performance in various combinations, including activity-wise, work breakdown structure-wise (WBS), phase-wise, and location-wise.
6. Cost Code Tracking: Each activity in X3FC is identified with a cost code, which groups various cost elements under respective cost codes for easy tracking.
7. Performance Analysis: X3FC provides details of performance for every activity, which enables organizations to take remedial actions, increase costs for loss-making activities, and reduce costs for activities that are producing abnormal profits.
8. Data Comparison: X3FC enables organizations to compare the cost captured in X3FC with that in Sage X3 ERP for correctness of overall cost booking, manpower cost, and equipment cost. This helps in identifying any understating of resources.
9. Historical Data: X3FC makes it possible to trace historical data, which helps organizations bid and budget for future projects.
10. Dashboards: X3FC provides the facility to set up dashboards that alert concerned project persons on their priority “to-do” list.
11. Multiple Project Execution Methods: X3FC enables organizations to enter data even if the project is executed using various methods, such as departmentally, sub-contracting, or a combination of both.
12. Overhead Expense Tracking: X3FC allows organizations to program and execute overhead expenses using the job card method.
13. Purchase Order/Work Order Linking: X3FC is seamlessly integrated with X3 ERP and provides facilities to directly link purchase orders and work orders, avoiding duplication of data and making it easy to trace information from X3 ERP.
14. Billing Structures and Contracts: X3FC supports various types of billing structures and contracts, including fixed price, cost plus, build- operate- transfer, engineer, procure, construct, and design and build. X3FC generates payment applications that are certified by project engineers, architects, or quantity surveyors, and the values from these certified applications are used to generate invoices.
15. Document Management: X3FC provides document management in conjunction with X3FC, ability to capture and retain scanned or uploaded documents in various file formats, c) documents can be linked to X3FC items such as job cards, work packages, contracts and so on, recalls the version information and history for each document and many more.
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