The Middle East has been consolidating its position as the most exciting business and innovation hub in the world. Particularly, the construction sector in this region is geared for substantial growth over the next few years as liberal trade policies and government initiatives for smart city development blossom across the region. Ambitious projects for urban regeneration, public space enhancement, major infrastructure projects, and the rise of public-private partnerships are driving the growth of the construction market.
It is estimated that the Middle East construction industry will grow at a CAGR of 7% and touch USD 506.06 billion by 2027.
While those operating in this industry will see considerable business opportunities, they must also navigate challenges like rapidly rising competition, accelerated project timelines and budget pressures, and challenging procurement strategies. A regulatory environment that is constantly changing, and balancing environmental goals with economic viability are also factors to consider.
Visionary construction companies in this region are exploring ways to digitally transform to stay ahead of the curve in this dynamic landscape and achieve lasting success. The role of a robust and adaptable Enterprise Resource Planning (ERP) solution cannot be overstated in driving this success.
In this blog, we explore why Oracle + Shahgaron is the ideal ERP option for construction companies looking to achieve these elevated goals.
What does Oracle ERP offer?
The Oracle ERP solution is a comprehensive suite of services that allow organizations to integrate and manage all core business processes into one platform. The solution helps construction companies improve operations across financials, supply chain, manufacturing, and human resources.
The solution provides transparency across all business functions and improves organizational efficiency, reduces operational costs, accelerates and enhances decision making and elevates customer satisfaction. Organizations can also improve their finance reporting and regulatory compliance with the Oracle ERP and manage the growing complexities across all construction areas.
Fast-growing construction businesses can no longer rely on Excel reports & multiple outdated systems, and information silos to manage day-to-day challenges. Oracle ERP allows companies to:
- Enable proper time estimations for accurate planning of raw materials, human resources, design, and other resources for timely and successful project completion.
- Track and monitor progress, assign tasks, set milestones, and get real-time, accurate information across multiple departments and teams.
- Share large information volumes using secure tools and enable efficient and timely information exchange.
- Monitor materials and human resources expenditure, contain technology costs, eliminate manual processes, and avoid downtime.
- Simplify project management, eliminate barriers to collaboration, create complete project records in one system and manage end-to-end construction processes and workstreams across the project lifecycle.
- Gain a complete view of the organizational financial position to increase business responsiveness.
- Synchronize work across planning, delivery, and operations, harmonize projects, reduce risks, and boost profits.
- Cover procurement, order management, and inventory and streamline and improve processes and departmental outcomes
It is hard to ignore the plethora of benefits that Oracle’s ERP system brings. However, it is important to pay attention to a few areas to ensure successful implementations and accelerated outcomes.
Design for scalability and power
Oracle ERP comes with a best-in-class feature set and offers unparalleled scalability which enables the ERP system to grow alongside the business. However, it might not offer high degrees of in-built customizations that some businesses might need.
Unique processes or requirements that are not a part of standard ERP implementations need to be designed to accommodate scalability, extensibility, and power.
It is also important to leverage the features offered by the system optimally. Selecting a certified Oracle Platinum Partner like Sharagon makes this journey easier.
We understand the unique challenges faced by construction companies in the Middle East. Our industry expertise enables us to configure Oracle ERP specifically for construction needs and improve processes like project management, materials procurement, and cost control.
We also ensure that the customizations and configurations are tested thoroughly to ensure they are working correctly and do not impact software performance negatively.
Ensure seamless information flow, localization and regulatory adherence
Oracle ERP helps construction companies maintain regulatory compliance and provides clear audit trails and data transparency. It also involves ensuring regulatory compliance at a local level and ensuring adherence to all local regulations, accounting standards, and taxation requirements of the Middle East. It also demands that all processes are compliant and data norms are followed.
Our domain and industry expertise best position us to help construction companies in the Middle East maintain adherence to local laws and ensure all regulatory checkpoints are covered during installation.
Streamlined project management and greater cost control
The Oracle ERP delivers a centralized platform to manage all aspects of construction projects, from scheduling and budgeting to resource allocation and progress tracking. This enhances collaboration, improves visibility, and helps construction companies deliver projects on time and within budget.
Oracle integrates seamlessly with various third-party applications used in the construction industry, such as CAD software and project management tools. This eliminates data silos and ensures a smooth flow of information across your entire ecosystem.
Sharagon’s deep and rich experience in the Engineering & Construction sector and extensive knowledge of Oracle solutions allow us to streamline end-to-end processes including:
- Bill of Quantity (BOQ) Management
- Sub-Contract Management
- Project Site Material Requests
- Equipment Rental (PMV)
- Scaffolding Rental
- Manpower Management
- Camp Management, and more.
Our specializations include integrating Oracle with existing systems to ensure seamless information flow across the organization, minimize disruptions, and ensure timely project completion.
Granular control over project costs with Oracle’s powerful cost management features helps construction companies manage material and labour expenses, identify areas for optimization, and improve profitability. Sharagon’s construction-specific expertise further enhances cost control by implementing best practices within the Oracle framework.
Real-Time Visibility and Reporting
The Oracle ERP provides detailed, real-time insights into operations and deliver critical information like project information, inventory levels, and financial metrics that enable data-driven decisions.
Sharagon’s expertise allows us to ensure that all integrations across systems and processes are appropriate and optimized to facilitate this. We help construction companies expand Oracle ERP functionalities with custom add-on solutions, customize reporting dashboards to deliver the relevant business information in a clear and actionable format and also help the sector leverage the latest technology trends like AI, IoT and machine learning.
Security, reliability, and regional support
Oracle is well known for its robust security features and can capably protect business data from cyber threats. Shahgaron further enhances these capabilities and augments security measures with implementation expertise that ensures the highest level of data security and system reliability.
Shahgaron complements these capabilities with exceptional ongoing support and the capacity to deliver tailored solutions for specific construction business needs. We also offer the technology expertise to future-proof all technology investments. We ensure the Oracle ERP solution remains optimized and future-proof as the business grows and the construction industry innovates.
Construction companies can also forget about worrying about system management and performance. A technology partner like Shahgaron also manages the patch and other updates that Oracle pushes out regularly. This makes sure that the system is up to date with the latest releases and patches and maintained for performance.
We create processes that help construction companies monitor the system for identifying issues and bottlenecks, create processes to handle user support requests and ensure that the system performance remains optimal.
To sum up
By choosing Oracle ERP and partnering with Shahgaron, construction companies in the Middle East gain a powerful and adaptable solution designed to meet their specific needs. This winning combination empowers organizations to streamline operations, enhance collaboration, control costs, and achieve sustainable success in the dynamic construction landscape of the Middle East.
Ready to take your construction business to the next level? Contact Shahgaron today and explore how Oracle + Shahgaron can be your perfect recipe for success.