Technology

Beyond ERP: Why Your Construction Company Needs Briq

A simple accounting solution just doesn't cut it for construction finance teams anymore. Read on to learn how Briq's financial platform can supercharge your business decisions.

Too busy
to read the article?

We’ll forward it to your inbox.

Predict profit with more confidence
Schedule a call

The evidence is clearer than ever. Standard ERPs just won’t cut it anymore. While most companies are capable of meeting a minimum operational standard with their ERPs, they cause as many issues as they solve. Why use a basic system to achieve the minimum if it means bottlenecking your progress?

This is where Briq comes in. Our platform offers comprehensive solutions and key benefits to data consolidation where an ERP cannot. Briq doesn’t just let you do it better, it lets you do more. Adding it to your tech stack will bring efficiency, insights, and a steep competitive advantage to your company.

These are some pretty big claims, so let’s discuss them. Read on to find out the key advantages of using our innovative solution, how they excel where ERPs cannot, and how your business will benefit from integrating Briq.

All your data on a single convenient platform

The construction industry today spends more time trying to find their data than actually using it. Disorganization, inconsistency, inefficiency, and manual inputs all characterize the financial sphere of construction. Businesses often utilize a multitude of disconnected platforms, including ERPs, CRMs, and project management systems. This results in your analysts spending hours collecting and organizing instead of delivering. Briq addresses these issues head-on, providing an integrated solution that saves time and money while increasing speed and accuracy.

Briq unifies all your data systems, while providing custom automation features so your company can eliminate the need for data entry and reduce overhead costs. This will allow your data to remain up to date and accessible across teams, so that finally, all of your team members are looking at and agreeing on the same numbers. Briq combines all budgets, actuals, projections, and estimates into a transparent, intuitive user interface. With a few clicks, you’ll be able to see exactly where your company is positioned and how construction projects are progressing,

Say goodbye to countless links, stacks of spreadsheets, and long email threads looking for data. With Briq, you and your team members will have it all in one place. 

Identify cash flow gaps

Cash flow management is one of the most important keys to succeeding as a construction company. The resource-intensive, low-margin nature of projects demands exemplary cash flow organization for the business to prosper.

Despite this, construction companies frequently deal with cash flow issues. A lack of transparency and delayed information retrieval limit their ability to effectively understand and project costs. It creates an enormous amount of guesswork and estimates that could seriously hurt margins. 

Thanks to Briq’s real-time data collection interface, those issues no longer need to exist. Briq allows your business to effectively identify and address any cash flow gaps through our intelligent dashboards, which can reduce your margin of error by as much as 40% or more. With Briq, you’ll spend less time trying to locate the cash flow, and more time strategizing and analyzing its use.

Embrace financial planning

Financial planning and analysis is something that all construction companies must engage in for future success. It gives them the ability to plan ahead and better gauge their performance. The best planning and analysis can only be done with the most accurate of numbers, and best of tools. 

Briq once again, has your companies covered. The integrated platform was built not just on the premise of data collection and integration, but to make planning as accessible and easy as possible. Through optimized forecasting and operational planning you'll be able to use Briq to your advantage with in-depth insights into your performance and a reliable tool. One of the themes Briq prides itself on achieving is clarifying your company's past to better understand its future.

Integrate Briq to fuel your company's long-term success

Briq is a fluid and cost-effective system that enables agility and efficiency across all operations. It was designed with construction companies and their potential struggles in mind. Our cutting-edge platform will help you get the most from your ERPs and other platforms. Most importantly, Briq isn’t just a data tool, it’s a business planning tool. From forecasting to analysis, our platform aims to give you the most options to help your business succeed, custom-tailored to your needs. We’re ready to do more than just tell, we’re eager to show. Contact us today for a demo and see for yourself what your company can gain from Briq.