Month: October 2020

Anyone that has been in the construction industry understands the tight profit margins and level of uncertainty in the industry.

A single unforeseen event or situation may arise in construction projects that throws an already thin margin project into a tail spin.

Construction projects consists of several complex procedures like planning, project management, cost and revenue estimation and budgeting etc.

Tranquil ERP software enables to manage the entire construction process from the beginning to end with proper structure and on time delivery of projects.

It keeps your team on the same page, relying on a core system that has the latest project reports, contracts, budgets, plans, specifications, invoices, purchase orders  and job costs.

Important Functionality for Contractors

• Estimation of Cost
• Project Management
• Budgeting and Scheduling
• Inventory Management
• Equipment Management
• HR and Payroll
• Construction Finance and Accounting

1. Estimation of Cost

Project estimation for a construction company is really hectic to manage endless spreadsheets.

Tranquil helps to determine the accurate estimation required for materials, labor, procurement  and time of work etc.

Also allows you to find out how much revenue or how much loss and profit you get from each project.

This way, you will be able to manage the time and costs used for future projects more wisely.

2. Project Management

In the Construction Industry project planning and project management is essential and time taking process which includes strategic planning, operational planning, scheduling employees and more.

Monitoring each project progress across several work locations has always been challenging.

Tranquil ERP system easily manages complex projects confidently and schedule entire teams and equipment with just one click, live track your project’s progress and control your costs for better profits.

With Tranquil project management software vitals all information on your fingertips, keep your project on track and ensure it’s completed at the highest quality delivered on time and on budget.

3. Budgeting and Scheduling

Ensuring a satisfactory budget and schedule performance are two major challenges for pre-construction and construction phases of a project.

Tranquil Construction ERP budgets and scheduling offers to manage requirements such as labor, material, and equipment throughout the project.

4. Inventory Management

Construction project managing and materials and inventory is always a time-consuming and complex process which requires special knowledge and skills.

Tranquil ERP systems allow easy sourcing, purchasing, planning, storing and monitoring materials.

And it ensures secure control of stores and materials, timely disposal, records of inventory, etc.

5. Equipment Management

This module covers all processes and functions related to planning, procuring, moving, consuming, and maintaining every piece of machinery required/engaged in construction projects.

Tranquil Equipment Management module provide valuable information to your Project Management team, that will assist them in reducing equipment cost, improve maintenance scheduling, increase revenues and ensure the highest rate of usage possible for each piece of equipment.

6. HR and Payroll

Construction is inherently a vigorous and labor intensive job without a proper plan.

When you have employees working at multiple construction work sites and performing various tasks, managing time and attendance can become difficult.

Tranquil HR software solutions offer several different options for attendance and Payroll.

Employees may be able to clock in using Biometric device or Mobile device to submit their own time sheets for review.

7. Construction Finance and Accounting

It’s well known that construction accounting differs from regular accounting it include different areas of money management.

Construction project sphere is very mobile and accounting module must provide the capabilities to track different types of expenses.

Tranquil finance and accounting module enables you to tracks all of the financial details of a project such as Project budgets, Project estimates, Project Costing, Progressive Invoice, Procurement and everything in between.

Accounting solution supports multiple currencies as well as complex multi-location business structures so you can better manage your global operations.

Tranquil Financials helps you record, consolidate, and analyze your finances and provides complete visibility into enterprise-wide transactions.

Tranquil is a robust and efficient ERP system that can help you achieve your business goals through automation and streamlining of your business processes, and boosting employee productivity. It can help you save time, money, and effort, and positively impact your bottom line, increasing profitability. If you are still unsure of getting on the bandwagon, give us a call to schedule a demo – or shoot us an email. We’ll demonstrate how exactly the interface works, and our representatives will be happy to answer your queries.

 

The manufacturing sector is highly dynamic and competitive and having large opportunities in Saudi Arabia.

In manufacturing industry it have to be an integrated solution that can enhance efficiency, increase sales and profitability most important case is to manage all the organization activities accurate.

Manufacturing ERP software plays an important role to manages growth and boosts productivity in each business.

ERP technology integrates all aspects of business in resources management, inventory management, project management, reporting, sales, accounting and finance, etc.

Empowers businesses to function smoothly by maintaining overall workflow in with a single platform.

ERP software solutions offers employees to work collaboratively, and time consuming improve the productivity with continuous trading and monitoring.

Powerful ERP solution, which will allow businesses to have entire view of organization.

It enhances the quality of manufactured items also increase production.

Flexibility – Improves Employee Efficiency

Streamlining the processes using an ERP software in Saudi Arabia, all data is available in a single portal with visibility and accessibility in all functionalities development and designing sections, inventory management, procurement, production, delivery and more.

Mobile friendly ERP enables employees monitor the production status in real time, without any dependence on an individual or team.

ERP solution in Saudi Arabia streamlines business processes and drives automation for Manufacturing Industry.

It accelerates the production process and minimizes errors and improves profitability in Business.

The mobile-friendly ERP applications helps in warehouse management.

Easy to Respond Market Conditions

ERP systems provide real time data analysis helps businesses estimation, planning, adjust and quickly respond to market requirements.

The detailed view of market demands and capitalize on customers purchasing trends them to reduce forecasting errors and capitalize on new opportunities if available.

Saves Time and Money

Manufacturing ERP software eliminates the need for revising paper documents, searching for paper documents in files and storing these paper documents information is consolidated in a single platform.

ERP decreases cost and improves profitability in Manufacturing organization Saudi Arabia.

Easy Forecasting and Reporting

Manufacturing organizations customer demands varies and its high risk to find and solve demands.

In warehouse management overloads with unsold excess inventory in Manufacturing.

To avoid this situation enterprise resource planning software system, helps to manage and track time to time track the availability of products.

Manufacturing ERP software manage production, warehouse inventory, procurement.

It helps you generate reports based on the availability of products and track each product stock.

With ERP create reports and manage all data with different departments.

Thus the manufactures can predict future demand and design material requirement plans easily.

We invite you to schedule a demo of Tranquil ERP at your convenient time and date so that we can explain to you and show you how exactly our ERP solution will help your business to gain rapid growth. Our team will be happy to answer all your queries. Contact us.

Managing VAT (Value Added Tax) accounting is always a big task for all business. Comparing with other countries managing VAT in Saudi Arabia is a bit of a complex task. VAT applied to the business depending upon the amount of sales that happen to your business in the country in B2B or B2C platforms.

Government has introduced VAT regulations in Saudi Arabia to support low and middle-income nationals through the Citizen’s Account Program, which aims to offset the impact of the Kingdom’s austerity measures.

In Saudi Arabia businesses, who do not have a place of residence in the state, will have to compulsorily register under VAT irrespective of the registration threshold, as soon as they make any supply or purchase which they are liable to charge VAT. If in this case a non resident should appoint a Tax representative in Saudi Arabia who is approved by GAZT.

As per the VAT Saudi Arabia if a business possessing a VAT registration lends credibility to their business. Any kind of business in Saudi Arabia small or large business it gives them a credibility and can improve and grow their business and find valuable new customers it also leads to convey customers that the business it trust variety.

Saudi VAT registered businesses making such supplies are eligible for refund of VAT paid on purchases used to make the zero rated supplies. Businesses which make zero rated supplies and goods would be benefitted by obtaining a VAT registration. They can reduce the cost of making supplies with the benefit of enabling the refund of VAT paid on purchases. Also the supplies such as export of goods, export of services, supply of investment metals are notified as zero rated supplies and VAT is applied for these.

Many business facing issues to manage their tax VAT accounting systems promotes better accounting system as record of tax paid purchases required to be maintained and keep them tract all the financial data in regular. Small or large businesses should evaluate the many benefits of obtaining a VAT registration in Saudi Arabia. While obtaining a VAT registration brings with it additional costs of compliance, also helps them to keep accurate records and submit regular returns, the benefits of registration.