MYOB has launched the MYOB Advanced Construction Edition, new software designed specifically to help contractors and builders manage complex projects and budgets, with real-time visibility.

Backed by MYOB’s premiere cloud Enterprise Resource Planning (ERP) software, MYOB Advanced, the Construction Edition is the latest industry-focused solution in MYOB’s mid-market portfolio and follows on from the release of MYOB Advanced Manufacturing Edition.

MYOB head of product enterprise Frank Feustel says that the intelligent functionality of the latest edition offers valuable solutions to challenges often experienced in the industry.

“Effective project management solutions can be critical to the delivery of successful outcomes for builders, contractors and project managers, not to mention their clients,” Frank says.

“We’ve heard from our customers about the many issues they face when managing their projects, budgets and contracts, particularly when they’re on site, so we knew it was important that we deliver an effective cloud solution that would help resolve these.

“The MYOB Advanced Construction Edition has been developed to be the single source of truth, providing project managers with real-time visibility across all elements of their project, as well as insights that equip them with all they need to know to make informed, strategic decisions and ensure their project remains on time and on budget – anytime, anywhere and on any device.”

The Advanced Construction Edition helps users gain complete control over the project and connect with teams. It does this by reducing project complexities, improving team collaboration, providing fast and accurate insights and creating more accurate budget forecasts.

Project managers can build a complete history of their project with photo logs capturing day-to-day progress, providing added insight into progress on site.

As well as giving contractors, builders and project managers more confidence, time and cash back in their pockets, the new solution from MYOB also removes any hassle and confusion out of compliance management.

“Work in the construction sector is high value but it also comes with high risk, and a big part of our commitment to shoring up the survival and success of local contractors and builders is helping them to manage this risk,” Frank explains.

“In addition to providing them with an end-to-end platform that helps keep work to time and budget, this also means supporting them to meet compliance requirements that are crucial to their ability to deliver their projects.”