Real-time data is information that is accessible the second it is collected. This means that every time a purchase order is filled or a piece of inventory is received, it will be transported into your construction data software.
Whether you are looking to monitor your accounting, inventory, supply chain operations, procurement, project management, or risk management, real time data improves all aspects of your business operations.
How Real Time Data Can Improve Your Business
There are many benefits of real time data, the most of which leads to more insights in your enterprise.
Enhance Decision Making
More data means more insights. More insights means a better chance at making better decisions for the growth of your organization. The invaluable insights you will receive with real time data includes identifying your strengths, your weaknesses, and what is not the best use of your time.
The best part about all of this information is that you can make better decisions with only a few clicks. Instead of using old data to determine your next move, use real time data for a competitive advantage.
Accurate Forecasting
At Xsys, we believe in setting realistic goals that push your construction company to success. The only time that this is possible, is when you have accurate data in hand. By using up to date information your business can accurately forecast for the future and prepare accordingly. After accessing real time data, you can then continue to adjust for your goals and projections as time goes on.
Understand Business Performance
Real-time data allows you to see your construction business’s performance from a different perspective. The success of your business will depend how detailed your tracking system is. This means that when you allow Xsys to provide you with real time data, you can understand your cash flow, revenue, assets, and expenses.
Instead of viewing your business from an interior perspective, you can visualize your entire business as a whole. This will allow you to understand your business better, and truly see if you are meeting your business goals.
Easily Accessible
Every financial system is different, but when you utilize real-time data, you have true access to all factors of your construction company. Whether you need information on your financial records, or you need to know exactly where your inventory is in the supply chain, it is accessible with the touch of a button.
Inventory Management
Using real-time data means that there will be less manual data entry. This results in accurate inventory reports, and the ability to know exactly what is in your warehouse at any given moment. This is especially important when it comes to managing multiple job sites or warehouses. Rather than call over to find out what you have in your inventory, you can check through your software in real time.
Why You Want to Be Able to Access Real Time Data from Anywhere
Real time data is helpful for any business, but especially for operating a business in the construction industry. The construction industry means you are always on the go. Being able to make quick decisions based on real data, and putting out fires while being off the job site is extremely important to your success.
Take Your Business to the Next Level
At Xsys, we are a proud partner of Acumatica, a cloud based ERP and provider of real time data. Whether you want to increase revenue or simply facilitate easier overall business processes, utilizing real time data with Acumatica Construction Edition allows you to do so. Contact us to learn more about how we can help you access real time data for your business.