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Robotics Process Automation Guide — Everything You Need to Know About RPA

Automation has increased the techniques of making the work more manageable as the world uses various technologies. Even though in 1950, “automation” was built, only a few people knew what it meant. So today, we’ll discuss all robotic process automation you will get all the necessary information in this article. So let’s begin.

What is RPA?

The word robotic process automation can be daunting if you’ve never heard of it. It can include things like speech or picture recognition, predictive analytics, cognitive decision-making, etc.

One of the best things is that the concept of robot-enabled automation is so easy to grasp from a commercial viewpoint. Improving company operations and minimizing expenses ultimately boils down to delegating high-volume, repetitive activities to bots.

How does it work?

Robotic Process Automation (RPA) is designed to emulate how humans think about and interact with software. RPA’s ability to mimic how humans do a computer-based process has contributed to its appeal as compared to more scalable automation techniques such as application programming interfaces (APIs) or low-code development, which are less intuitive or require specialist knowledge to operate.

You can make RPA bots as quickly as recording users’ clicks and keystrokes as they engage with an app. When issues arise, a user can observe how the bot interacts with the app to pinpoint the stages that need to be improved.

Machine Learning are more advanced RPA programs to understand and change the icons and layout on the screen.

Some RPA solutions can leverage the initial recordings to construct RPA bots that record an existing workflow and then generate workflow automation dynamically on the back end. These hybrid bots combine the ease of RPA creation with the scalability of native workflow automation to create hybrid bots.

The RPA tools are linked to AI modules that include features like OCR, machine learning, natural language comprehension, and decision engines, resulting in intelligent process automation.

IoT Endpoint Security spending is likely to cross $631 million by 2021 With the growth of the IoT ecosystem, security of IoT networks becomes even more important. As per the gartner reports, it is likely to cross $600 million spending on IoT security solutions. However, more than $91 million was already spend few years ago in 2016. This quick statics gives you the complete picture where IoT solution are headed towards in next decade.

According to McKinsey Digital, the Internet of Things has become more connected than ever. A staggering 127 devices connect to the internet every second, making this a great time to be excited about IoT.

These skills are sometimes packaged as cognitive automation modules that complement best practices in the industry or in business processes.

Start with RPA Now.

To get started using RPA, you’ll need to follow the steps below:

Step: 1

Acquire a thorough understanding of RPA’s history. To put it another way, you should study everything there is to know about traditional automation.

Step: 2

Select the process you want to automate and consider the process’s dependencies in retrospect. It is a strategy to ensure that your business is not in harm while you are automating the task.

Step: 3

Choose the right implementation partner.

Benefits of RPA.

RPA offers various benefits to businesses of all sizes, including increased productivity, enhanced quality and accuracy, and cheaper processing costs, whether performed on a desktop or a server. Furthermore, it represents a significant step forward in automation over earlier technologies.

Simultaneously, robotic process automation is more straightforward to use and install than advanced AI algorithms; as a result, a low-risk entry point for streamlining work and increasing revenues through digitalization. RPA solutions are becoming increasingly popular due to these considerations.

RPA HAS THE FOLLOWING BENEFITS FOR BUSINESSES:Boost productivity and quickness.

RPA significantly boosts the productivity output per employee by repetitive effort and reducing overall processing time for fundamental tasks.

Processes have improved.

RPA’s primary purpose is to improve processes. Companies can streamline their procedures, remove errors and disruptions, and complete projects faster by implementing automation.

Reduced Operating costs.

Low-maintenance automation bots, which can be deployed with a small initial investment and provide quick ROI while also lowering operations expenses, result in significant savings.

A minimal investment, low-maintenance automation bots that brings immediate ROI and also enable the reduce operational costs — it’s all leads to significant savings.

There are fewer mistakes.

Robotic automation solutions are 100 percent accurate, resulting in clean, well-organized data, increased efficiency, and impeccable service quality.

Excellent client service.

Attended RPA robots enable 24/7 availability, rapid response, and ultra-fast processing of user requests by freeing up agents’ time to build client connections.

Decision-making abilities have improved.

Actionable insights are critical to strategic decision-making. RPA aids leaders in making fast, educated decisions by organizing necessary data and offering quick access to crucial information.

Observance of regulations.

RPA systems keep track of every action and consistently follow the rules, giving businesses complete visibility and control over their data and operations.

Highbar Technocrat is one of the leading end-to-end IT solution providers for the Infrastructure, EC&O, Real Estate, and Power sectors. They are SAP Gold partner and offer a wide bouquet of digitally integrated solutions ranging from implementing SAP-based ERP solutions like Rise with S/4HANA, Cloud-based solutions to 5D BIM for mega infra-projects, RPA & IoT solutions, and many more. With an in-depth understanding and core competence of the construction & infrastructure industry, Highbar is the perfect blend of domain knowledge in the infrastructure business with a team that is well equipped to understand and relate to the requirements of the sector.

To know more write us at enquiry@highbartech.com or call +91 89767 11399

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Latest News from https://www.metrorailnews.in/2017/03/16/nagpur-metro-maha-metro-announces-go-live-digital-project-management-platform/

Nagpur Metro | Maha Metro announces ‘Go-Live’ of digital project management platform

Nagpur and Mumbai, Maharashtra: Setting up an industry benchmark with one of the most innovative uses of Information Technology for infrastructure industry, Maha Metro a joint-venture of the Govt. of India and Govt. of Maharashtra announced ‘Go-Live’ of its Digital project management platform. Maha Metro’s Digital Project Management Platform (5D BIM & ERP) has gone Live exactly as planned. In line with the global best practices, Maha Metro has adopted this pioneering approach of digital project management on 5-Dimensional Building Information Modelling (5D BIM) integrated with SAP ERP supported by Owner’s Support Office (OSO) to complete its Nagpur and Pune Metro Projects with sanctioned cost and time and with highest quality and safety. Maha metro will also have BIM level 3 which is being deployed in advanced countries like UK and Singapore. Mega projects like Cross Rail of UK, Transport London, Sydney Metro and Mass rapid transit Malaysia are managing the projects on such systems. With Go Live the entire ecosystem of Maha Metro including General Consultants (GC), Detailed Design Consultants (DDC’s) and Contractors started carrying out real time transactions on this digital platform.

During Go-Live, Hon. MD-Maha Metro, Mr. Brijesh Dixit carried out the transactions on the system and viewed the project progress visually on 5D BIM platform. There were other transactions carried out in the system by various officials of Nagpur Metro Rail Corporation Limited (NMRCL). A Digital War Room has been set-up on-site at Nagpur, which will provide information on various dimensions of project management using the digital platform enabled by 5D BIM & ERP collectively at central location..

Speaking on the occasion, tech-visionary Honourable Shri. Brijesh Dixit said, “This is for the first time in India, a Mega project like Nagpur Metro has adopted digital platform. 5D BIM integrated with ERP is enabling the project to achieve the next level of project management. High level of integration is done to automate the processes and make it online. It is significant to know that a high level of integration had been done between the globally established project management softwares -RIB, Bentley, Primavera & SAP for the digital platform at Maha Metro. These softwares are otherwise used stand alone for project management in other projects.”

Large infrastructure projects normally take 8-10 years because of procedural formalities, technical and financial requirements. Technology solutions are now making it possible to bring in financial efficiency, time efficiency and reduce spends on such large mega infrastructure projects. With the same vision, Maha Metro adopted this digital platform for efficient execution of Nagpur Metro project.

5D BIM is a specifically helpful tool for analysis and design.  It allows carrying out simulations and ‘what if’ analysis. The Digital platform will enable Nagpur Metro to achieve improved construction quality, reduction in construction costs, better understanding of the project design and optimized operational efficiencies. The system is expected to play a significant role in the asset information management during Operations and Maintenance of Metro. Such initiatives would also benefit the citizens of India as, the large infrastructure public services projects shall achieve project completion as planned within stipulated budgets and duration.

In order to sustain the usage and adoption of 5D BIM technology, another innovative step was taken by Maha Metro. The BIM academy was launched at Nagpur Metro project last month and this will be operational by first week of July 17. BIM academy will be a global collaboration among other such academies in UK, Australia, Malaysia etc. to share the knowledge among the Metro fraternity and focus on the skill up gradation.

Managing Director, Shri Brijesh Dixit congratulated the implementation partners Highbar, Aurionpro and Excelize consortium who had put a dedicated team onsite to make this Go Live happen exactly on schedule within a stipulated duration of 8 months.  “This team of Highbar & other partners have already set benchmark by executing this project efficiently exactly on schedule and taking it to this level.”

Commenting on this remarkable achievement Mr. Mangesh Wadaje, CEO Highbar said, “The Digital project management platform of 5D BIM integrated with SAP ERP is the next level of project management, being leveraged by construction domain expertise from Highbar. The use of 5D BIM integrated with ERP will not only make Nagpur Metro a pioneer to use this technology but would also benefit them with optimised operational efficiencies. Our implementation at Nagpur Metro has set the technology benchmark for other mega construction projects in India & worldwide to follow. It is matter of great satisfaction to spearhead pioneering digital platform in India and take futuristic leap. Great satisfaction for Highbar.”

Mr. Upagupta Patnaik, Engagement Director at Nagpur Metro Project (Delivery Head at Highbar) said, “We are happy to see India’s first digital project management platform for Metro project going live and foresee Nagpur Metro to achieve the next level of project management. The project team had a great experience in implementing Digital Project Management platform for Nagpur Metro rail project which required the highest level of project management expertise. Our teams with other partners have already setup an Owner’s Support Office (OSO) to help NMRCL in the successful & timely implementation of Metro project using this Digital platform.”

Amalgamation of technical & domain expertise from Highbar has enabled infrastructure industry to improve project efficiencies. With ongoing innovation backed by construction domain knowledge and expertise, Highbar is looking at raising the bar for the infrastructure and construction industry project management in India and abroad.

About Highbar Technocrat –

Highbar Technocrat, an associate company of Highbar Technologies, an HCC group company, is positioned to be the most preferred end-to-end Information Technology (IT) solutions provider for the infrastructure industry. The Company’s portfolio of enterprise business solutions, line of business IT solutions and process consulting is aimed at increasing efficiencies for Roads, Ports, Real-Estate, Airports, Railways, Irrigation & Water supply, as well as urban and industrial infrastructure (telecom, mining), manufacturing, retail, agrochemicals, in private, public and government sectors. IT expertise backed by industry domain knowledge and strategic alliances are the key differentiators which make Highbar Technocrat a preferred partner for IT initiatives in infrastructure industry.

Click here to see more https://www.metrorailnews.in/2017/03/16/nagpur-metro-maha-metro-announces-go-live-digital-project-management-platform/

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What is Service Design? How Does It Support Innovation And Change?

Innovating is a skill that needs to be learned by businesses, even though implementing new solutions might be risky, complex, and bring about unpredictable impacts. First, performance may be lower than anticipated or significantly different; mistakes are valuable learning tools. By employing strategies that have already been demonstrated to be effective, we can reduce the likelihood of adverse outcomes and advance our education more quickly.

It is not the case that innovations “happen” nor is it a question of financial resources. To lay the ground for innovation, a company should work on altering its own business and making it client-centric, building an environment that fosters creativity for its employees, and giving them ample time and suitable resources simultaneously.

The genuine requirements of people, as determined via observation, research, brainstorming, and testing new ideas, are the source of innovation. This strategy lowers the risks associated with implementing novel approaches while raising the likelihood of success.

Taking a more comprehensive point of view

It is essential to strike a balance between the needs of customers and what is technologically practical and feasible for an organization, as well as what can add value and open up new prospects in the market. However, the development of technologies and goods by themselves will not result in truly competitive solutions. We need a more extensive approach that provides customers with all-encompassing, helpful, and pleasant services, with the sale of things as merely one stage in the overall process.

Because it is such an all-encompassing methodology, Service Design refers to specific disciplines, such as Design Thinking and Human-Centered Design, centred on the customers’ requirements and take a holistic perspective of the entire business.

What exactly does “Service Design” mean?

It is a method established after World War II and reached its full potential in the 1980s. Its goal is to design and strengthen the relationship between service providers and their customers. It emphasizes understanding the customer’s requirements, planning activities, and effectively arranging all available human and non-human resources.

The holistic approach, integrated with business strategy, makes it possible to provide clients with services of the highest possible quality. This method is predicated on the concept that the entire organization is participating in the process.

Product/Service Reliance

In theory, service design does not differentiate between products and services; instead, it considers the former an essential component of the process as a whole. As a result, it may assist with all innovative solutions, whether those solutions take the shape of products or services.

When evaluating a restaurant, we don’t just consider the quality of the food; rather, we look at the dining experience as a whole, from the moment we call to reserve a table until the moment we pay the bill and leave, taking into account everything from the demeanour of the wait staff to the aesthetics of the dining room as well as the length of time we had to wait to be served. The product — in this instance, our lunch — is merely one of many components included as part of the comprehensive service.

There is no such thing as an isolated product; rather, any given product’s success depends on several concomitant circumstances. A fundamental requirement for achieving a long-term competitive advantage is a solid understanding of the relevant rules. When a service is well-designed, it creates a favourable relationship with customers as soon as they express their requirements, even before they buy anything.

After purchasing a product or service, the customer should continue to have a good experience through the process. As a result of the influence, they have on subsequent customer decisions, post-sale relationships are just as vital as those that occur before a sale.

Advantages for the company or group

The Design Worth Index (DVI) monitors the value of the 16 greatest publicly traded companies in the world, including Apple, Nike, and SAP, all of which have incorporated the most successful Design Thinking or Service Design techniques into their overall business strategies. The return on investments made in these companies has increased at a rate 200 per cent higher than the average return on investments made in the companies that make up the S&P 500 index during the past ten years.

The design process has a transformative effect on the organization, causing it to become more receptive to innovation and developing an appreciation for both success and failure. The benefits of observation and study, of formulating hypotheses and testing them, become more apparent to employees as they better understand the new tools and integrate them into their day-to-day activities. All of these variables contribute to a firm’s success, which ultimately results in profit, which in turn creates an opportunity for additional innovations.

The opportunity is one that Polish businesses should not pass up and instead embrace Design Thinking and Service Design. Even though the Polish business environment has gone through significant shifts in the past 20 years, we still cannot adopt the design-based approach. If we did so, we would be oblivious to the need to improve products or services, we would not understand innovation, and we would treat it as an end rather than an opportunity for substantial improvement. The use of innovation in a strategic manner is going to be the driving force behind our continued growth in the European market.

About Us:

Highbar Technocrat Limited, an SAP Gold Partner, helps clients in India and abroad to help them manage change. Highbar adopts an integrated approach to help you rethink your business with high agility and efficiency. At Highbar, we see disruption as an opportunity to help clients transform their businesses with granular solutions. Handling change requires confidence in decision-making, and Highbar enables this confidence in clients.

Our forte offers digitally integrated solutions for the Infrastructure, EC&O, Real Estate, Mining, Oil & Gas, Power, Smart Cities, Government, Manufacturing sectors, and much more. Our domain expertise, combined with the ERP helps clients become intelligent enterprises and highly receptive to customers’ needs. With our strategic alliances, we help clients transform

business operations, leverage data, and integrate sustainability to match the speed of change.

For further information, don’t hesitate to contact us by email at enquiry@highbartech.com or by call at +91 89767 11399.

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ERP Implementation's Best Practices to Reduce Cost

Your company is held together by its ability to manage and integrate all of its essential business processes, which is accomplished through an enterprise resource planning system (ERP). ERP solutions, when effectively implemented, lead to increased efficiency, decreased operational expenses, and enhanced visibility and reporting into a company’s financials. And if you are a manufacturer or distributor, implementing an ERP solution can help you streamline your supply chain and gain a substantial competitive advantage over other businesses in your industry.

The deployment of an ERP system is an investment, and the costs associated with implementation can pile up quickly. There are times when ERP initiatives run over their budgets or their schedules. So, what steps can you take to address this matter? Your expenses related to ERP deployment can be limited or cut down using one of several available strategies. In this article, we have compiled several useful hints for you.

Take the Time to Plan and Budget

ERP initiatives that lack a comprehensive plan and budget often incur additional costs or go beyond the project’s initial scope. When developing the plan for the project, it is common for businesses to overlook certain crucial aspects of ERP adoption like What strategy do you plan to use for the transfer of data? Will there be any charges associated with the gear and the network? Which consultants are required for the project? Who exactly will be working on the project, and how will their day-to-day responsibilities be handled while it is being worked on? Etc.

If the answers to these questions are not provided at the outset of the project, the conclusion will be disorganised, leading to a rise in expenses in the future. That’s why it is better to find areas in which you can bring it in line with what you can spend on the project to bring it back into alignment with your budget or consider other options if your real expenses keep going over your budget. To keep the implementation expenses under control, careful planning and budgeting are necessary.

Determine the Right Enterprise Resource Planning Software for Your Company

It is necessary to carefully consider selecting an ERP solution to reduce the expenses associated with its deployment. It will cost you money if you choose an ERP system that does not satisfy your company’s needs and problems or requires you to purchase more capability than you require. Choose an enterprise resource planning (ERP) system that is easily customizable according to your organization’s needs, flexible enough to adapt to the ever-changing requirements of your business, and modular so that you only purchase the functionality your company requires to keep costs under control. However, it would help if you were sure that you will be able to enhance the functionality in the future and that it has a long-term roadmap to ensure that it provides value for your money.

Avoid Customization That Is Unnecessary Or Excessive

It is a common practice for businesses to ignore their own needs in favour of piling on additional features and functions to their ERP systems, which is not the most effective strategy. Even while some degree of customization is required during the development of an ERP system, there are occasions when additional customization is both expensive and excessive. Upgrades might be difficult to perform if there is excessive customization because the customized code normally needs to be updated anytime the vendor delivers a new version. Therefore, you should focus on the most pressing needs of your company and become familiar with the many operations within the system. After you have completed the ERP functionality that is most critical to you, consider adding additional capabilities. It is important to keep in mind that the amount of customization that is applied should be kept to a minimum as much as feasible, given that it will increase both the price of implementation and the amount of time required for the ERP project.

Consider the Long-Term Effects of ROI

During the implementation of ERP, a plan must be in place that accounts for both the best-case scenario and the worst-case scenario for potential expenditures. Before beginning a project, you need to calculate your ROI (return on investment) and consider how your choices will affect your company in the long run. This needs to be a substantial component of the business case for your ERP system. Because they were so focused on short-term, low-upfront cost savings and overlooked long-term goals, some of the most cost-conscious businesses had to pay a hefty price for their ERP implementation. When you take shortcuts, you risk facing problems and losing out on opportunities to generate a larger return on investment.

To make a long tale short, neglecting best practices might be useful in cutting upfront expenses. Still, to improve the value of your product and reduce the risk, your project’s strategy should be created to achieve a long-term return on investment.

Make the Most of the Expertise Offered by Your ERP Partner

Make the most of your ERP consultant’s time if you employ an ERP consultancy to assist you with implementing your software. You shouldn’t rely on them solely for their technical expertise; you should also depend on them for their business savvy. In an ideal scenario, they should be involved in all parts of your ERP project, including the selection process, the management of processes, the implementation, and the management of change. You may also make the most of their experience by asking for their assistance in training and receiving continuing support for the product. If you want your ERP deployment to go off without a hitch, one of the most important things you can do is hire the correct ERP partner.

Conclusion

ERP implementations frequently go over budget and end up being rather expensive, but this doesn’t have to be the case. Your company will be able to reap the benefits of an ERP solution while simultaneously positioning itself for long-term success. If you create a budget based on reality, plan the project by the business’s specific requirements, and adhere to the best practices for ERP implementations.

About Us:

Highbar Technocrat Limited, an SAP Gold Partner, helps clients in India and abroad to help them manage change. Highbar adopts an integrated approach to help you rethink your business, with a high level of agility and efficiency. At Highbar we see disruption as an opportunity to help clients transform their business with granular solutions. Handling change requires confidence in decision making and Highbar enables this confidence in clients.

Our forte is offering digitally integrated solutions for the Infrastructure, EC&O, Real Estate, Mining, Oil & Gas, Power, Smart Cities, Government, Manufacturing sectors, and a lot more. Our domain expertise combined with the ERP helps clients become intelligent enterprises and highly receptive to the needs of customers. With our strategic alliances, we help clients transform business operations, leverage data, and integrate sustainability to match the speed of change.

For further information, don’t hesitate to contact us by e-mail at enquiry@highbartech.com or call at +91 89767 11399.

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THE FUTURE OF DEVELOPMENT IN THE IOT WORLD

With the exponential growth in Internet consumption, the Internet of Things (IoT) is taking over the world. A large number of businesses and consumers have turned to the Internet of Things, citing the potential benefits in the coming years, both in terms of consumer convenience and business benefits.

The emergence of the IoT ecosystem

The term IoT was first used in 1999 by a British businessman for a network of websites related to the Internet for unlimited data storage and sharing. According to technology experts, 50 billion devices will be connected worldwide in 2020. The massive explosion of the connected equipment driven by the growth of the IoT-driven ecosystem ranges from advances in wireless technology to embedded sensors and micro electrochemical systems.

The top industry that benefits from IoT

While the Internet of Things has the energy to revolutionize old business processes, industrial solutions benefit mainly in the fields of production, energy, construction, logistics, oil and gas, agriculture and transportation.

IoT is here to stay

It is an undeniable fact that the Internet of Things is our future. This technology is mature enough to dramatically improve the daily activities of end-users by providing additional revenue streams for companies throughout the world. According to Gartner, the top research company, IoT sales, will exceed $ 300 billion by 2020. Therefore, companies must invest in technology and provide technology-based services. IoT technology providers can make money from the increasing need for business processes that are connected with a strategic combination of cutting-edge technology, IoT strategies, and business partnerships.

Transforming the construction industry with IoT

IoT is modernizing the construction industry, giving industry participants greater transparency and control over their assets, which results in shorter lead times and significant cost efficiency. Asset tracking, telematics and heavy equipment management better redefine the basic standards of the sector.

All machines and devices installed on mobile devices can help now in collecting real-time situation updates so that that site managers can respond quickly. IoT enables providing a safer work environment for construction sites. Real-time warnings and GPS-based tracking play a vital role in proactively increasing the security of high-value assets.

uilding Information Modelling

Sensors built into existing projects can provide managers with meaningful information about the effects of climate change and time. Such insights on the structural response to natural disasters enable engineers to develop projects that are robust, fool-proof, sustainable and energy-efficient.

Highbar Technocrat is one of the leading end-to-end IT solution providers for the Infrastructure, EC&O, Real Estate, and Power sectors. They are SAP Gold partner and offer a wide bouquet of digitally integrated solutions ranging from implementing SAP-based ERP solutions like Rise with S/4HANA, Cloud-based solutions to 5D BIM for mega infra-projects, RPA & IoT solutions, and many more. With an in-depth understanding and core competence of the construction & infrastructure industry, Highbar is the perfect blend of domain knowledge in the infrastructure business with a team that is well equipped to understand and relate to the requirements of the sector. To know more write us at enquiry@highbartech.com or call +91 89767 11399 or visit www.highbartechnocrat.com

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Robotic Process Automation Game-Changing Transforming Indian Infrastructure

The proliferation of automation technologies is revolutionizing every industry. Robotic Process Automation is the most potential-packed innovation, unburdening different sectors by automating routine or less critical tasks. According to Gartner, RPA is the fastest-growing segment of the global enterprise software market and will reach 2 billion in 2021.

RPA is being deeply embedded in almost every facet of business and plays an intricate role in simplifying routine on-premise and off-premise endeavors. The high penetration of the technology is steering sectors into a world of competitive and agile working.

The global construction industry valued at $12.7 billion is looking to accelerate automation processes as a worldwide best practice. The pandemic further propelled the sector to embrace RPA while several India projects are aligning to similar goals under the Digital India Mission.

Engineering, Construction & Infrastructure projects compliance needs, supply chain management, comprehensive logistics, complex billing cycles and asset management require exhaustive processes.

Incorporating digital transformation solutions shall profoundly help scale projects' efficiencies with multi-dimension advantages, including time and cost.

Digital transformation benefits for infrastructure industry along with SAP ECC ERP & S/4 HANA processes -

Operational agility & scalability –

Infrastructure players are increasingly looking for agility. The digital workforce enables an enterprise to be able to upscale or downscale as per needs. Businesses can better respond to changing business challenges.

Massive productivity gains –

Infrastructure and construction projects are complex with high operational costs. RPA solutions liberate resources from numerous repetitive works and help divert efforts in other more strategic areas. With each project, an enterprise indulges in operational tasks when automated brings in massive productivity gains with speed, scale, and agility.

Streamlining process –

RPA plays a crucial role in reducing (TAT) turn-around time, removing process bottlenecks, and reducing deadline overruns. RPA offers contactless and paperless alternatives with higher accuracy and precision while encouraging lean and future-focused measures to sustain progress and become globally competitive.

Digging relevant business insights –

Autonomous bots deployed by the software generate relevant business analytics. The insights unearth profound business information that can navigate construction bottlenecks and growth possibilities.

Compliance efficiency –

Typically, the conventional approach to managing large-scale infrastructure projects through procurements to the payments cycle often results in potential revenue leakage. RPA ensures accuracy and minimal errors like on GST bills, eInvoicing processes, late penalty payments calculations, supplier relations, and more.

Construction projects of the future, backed by artificial intelligence, are likely to experience increased adoption of autonomous robots, minimal ergonomic risks, and more strategic decision-making.

With the continued adoption of bots working independently 24x7, the sector opts to gain advantages with consistent quality and productivity.

Written by — Mr. Ashok Wani, Head — Technology & Innovation, Highbar Technocrat Limited

Highbar Technocrat is one of the leading end-to-end IT solution provider for the Infrastructure, EC&O, Real Estate, and Power sectors. They are SAP Gold partner and offer a wide bouquet of digitally integrated solutions ranging from implementing SAP-based ERP solutions like S/4HANA, RISE, Cloud-based solutions to 5D BIM for mega infra-projects, RPA & IoT solutions, and many more. With an in-depth understanding and core competence of the construction & infrastructure industry, Highbar has demonstrated expertise in the Private, Public, and Government sectors covering roads, ports, smart cities, airports, railways, irrigation, power, water supply, as well as urban and industrial infrastructure like telecom, manufacturing, and mining sectors. Highbar is the perfect blend of domain knowledge in the infrastructure business with a team that is well equipped to understand and relate to the requirements of the sector.

To know more write us at enquiry@highbartech.com or call +91 8976711399

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ESCALATE YOUR RESOURCE PLANNING WITH CREDIBLE ERP SOLUTIONS

The infrastructure industry lays the foundation of any economy. Therefore, the majority of the developed countries emphasize on infrastructure projects by finding ways to reduce time and bolster productivity through augmented technologies such as construction ERP solutions.

While the Indian government has initiated a host of infrastructure projects encompassing road, railway, and airports etc. the issue of poor planning and delaying deadlines are still a prime concern. Today, more than 1000 are not meeting the assigned deadlines. Industry experts point towards inefficient resources and flawed planning to be the fundamental reasons for the sluggish infrastructure development pace in the country.

In such a scenario, carefully devised customizable ERP software can help construction players to avoid cost and time overruns in big construction ventures. The ERP solution contributes to building a comprehensive plan followed by a seamless project design boosting the project cycle from start to finish. Below mentioned points establish the crucial benefits that ERP brings to a construction project:

Converting crude data into valuable insights

Since there is a multicity of processes conducted at the same time; a construction enterprise needs a purposefully built solution to streamline the same. ERP offers a centralized work platform which amalgamates all solutions into a single channel. They can help achieve true transparency and reenact business efficiency.

Capitalizing ERP in the construction spectrum aids in dynamic analysis of financial and operational information which delivers accurate real-time insights. With effective analysis, the administration can keep an eye on various processes in play, implement competent risk management, and weed out inefficiency accordingly.

Functional Planning Aforementioned before, insufficient planning plays a critical role in concluding the overall project quality which may deeply impact the company’s credibility in the market. Also, delay in meeting the project deadlines is an added loss to the construction player, a failsafe plan is imperative and ERP can further simplify the task.

ERP successfully predicts the raw material requirement, aids in effective utilization of people, and monitoring numerous functions by avoiding wastage and identifying roadblocks in the process. Furthermore, ERP also offers financial solutions and resolve contractual complications.

Rationalise large quantities of Data Since construction companies are delegated with multiple projects for different clients, the exchange of information becomes long, taxing, and prone to errors. The modern ERP solutions are capable of handling multiple endeavours and compute data for each project which used to take long by using the conventional approach.

Also, with multiple solutions making its way to the infrastructure industry, a seamless exchange of data across various departments becomes tricky. An ERP solution is an apt choice in that way.

Augmented System efficiency An ERP platform helps employees to derive and link information from different source points to arrive at a holistic solution. For example, while deciding on the purchase order of a certain raw material, the project head refers to the budget report followed by a detailed insight into the construction design of the project. The purchase manager can then conclude a purchase order based on the design, budget, and the accounts team’s approval before the final purchase takes place.

ABOUT US:

Highbar Technocrat is one of the leading end-to-end IT solution providers for the Infrastructure, EC&O, Real Estate, and Power sectors. They are SAP Gold partner and offer a wide bouquet of digitally integrated solutions ranging from implementing SAP-based ERP solutions like Rise with S/4HANA, Cloud-based solutions to 5D BIM for mega infra-projects, RPA & IoT solutions, and many more. With an in-depth understanding and core competence of the construction & infrastructure industry, Highbar is the perfect blend of domain knowledge in the infrastructure business with a team that is well equipped to understand and relate to the requirements of the sector.

To know more write us at enquiry@highbartech.com or call +91 89767 11399

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TECHNOLOGY ENSURES REWARDING SUB-CONTRACTOR MANAGEMENT OF INFRASTRUCTURE PROJECTS

The role of sub-contractors in the Infrastructure, construction and real estate domain is becoming crucial with each passing day as projects become more complex. Owing to a cut-throat industry competition, need for innovation, inflating costs of materials, new engineering technologies and complex regulatory norms, Real Estate players are often partnering with sub-contractors, consultants, specialists etc. for on-time delivery of large scale construction projects. As per an estimate, as much as 75 per cent of the total project size of a contract lands with sub-contractors with their numbers varying from 2–3 and even 25–30 depending upon the scale of the project. For a seamless growth, a cutting-edge integrated end to end IT solution is focal for rapid business transformation. A deep dive analysis of the business process workflow reveals that an efficient, unified billing solution plays a dominant role in excelling on project management A well-managed sub-contractor’s billing system ensure streamlining the project to help fetch better returns by definitive savings on cost, time and resources. On the other hand, an on-premise or cloud-based software solution often furnishes greater transparency in the business processes and keeps a check on compliance failures. Project Execution; Procurement; Finance are the core pillars that ensure a smoother billing workflow. A single dashboard offering seamless access to operational and financial information warrants enhanced visibility and stronger decision-making room.

An in-depth access to the business processes also enables the scope to reduce costs, enhance efficiency by a great margin and greater accuracy in bids and tenders provides smarter business management. Effective material management also contributes to the timely completion of projects Below are some of the key features of an industry-leading billing solution

● System driven calculation for advance recoveries ● Real-time Material reconciliation based on considering work done and physical stock lying at subcontractor ● Visibility of work done and other improvements through detailed Payment Abstract ● Approval workflow for the Payment Abstract Approval ● Reporting on Vendor Running Account Bill for subcontractor ● Efficient Running of Business Operations

A strategic tool which integrates diverse business activities to achieve the core business objective ensures smoother business processes and amplifies productivity.

Highbar Technocrat is one of the leading end-to-end IT solution providers for the Infrastructure, EC&O, Real Estate, and Power sectors. They are SAP Gold partner and offer a wide bouquet of digitally integrated solutions ranging from implementing SAP-based ERP solutions like Rise with S/4HANA, Cloud-based solutions to 5D BIM for mega infra-projects, RPA & IoT solutions, and many more. With an in-depth understanding and core competence of the construction & infrastructure industry, Highbar is the perfect blend of domain knowledge in the infrastructure business with a team that is well equipped to understand and relate to the requirements of the sector. To know more write us at enquiry@highbartech.com or call +91 89767 11399 or visit www.highbartechnocrat.com

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HOW TO JUSTIFY THE COST OF ERP SOFTWARE

It’s no surprise that asking how much ERP costs is like asking how long a piece of string is, so purchasers’ heads might quickly spin. Setting a budget for a new ERP system necessitates planning and consideration, as well as a full grasp of your company’s specific requirements.

WHAT IS THE PRICE OF ERP SOFTWARE?

According to 2019 ERP research, the average ERP project budget per user is $7,200. Considering how many users your system may have (especially for larger firms) and other fees, an ERP deployment for a mid-sized business can cost anywhere from $150,000 to $750,000.

This is a somewhat broad benchmark, so you’ll need to consider your company’s individual needs to establish a more appropriate budget. In this in-depth post, we’ll go over how to build a budget for an ERP system that’s right for your company, as well as how much an ERP system costs on average.

METHODS:

1. When putting together a case for ERP costs, start with your own company. Take the time to find out who on your team has previously gone through the ERP selection process and ask them for any advice that can assist you to win senior management approval. If your present squad is short inexperienced, it could be preferable to hire a consultant with experience with ERP systems in your industry.

2. It can be costly to do nothing at times. Because of the rapid pace of change in the technology business, newer and better ways to supply services are constantly changing. When companies fail to update their legacy ERP systems, they pay an opportunity cost: the expense of not upgrading to a newer, more efficient system. This could be observable, such as the additional costs of hiring personnel to manually transfer data across systems.

3. One of the most common comments they receive from clients is how easier it is to operate with a centralized ERP system, where all data is collected in one location and accessible in real-time. Continuing to use different software solutions that aren’t fully linked influences employees’ ability to accomplish jobs promptly, adding hours to each week that could be spent on revenue-generating or value-added activities.

4. The price of your new system’s permissions vs continuing support and grant restorations for your legacy software is a simple ROI calculation. As software becomes older, it becomes harder to maintain.

CONCLUSION:

With so many possibilities for building out your business processes, side-by-side comparisons of your options will provide the most significant insight into how ERP works – and which one makes the most sense for your firm.

Highbar Technocrat is one of the leading end-to-end IT solution provider for the Infrastructure, EC&O, Real Estate, and Power sectors. They are SAP Gold partner and offer a wide bouquet of digitally integrated solutions ranging from implementing SAP-based ERP solutions like S/4HANA, RISE, Cloud-based solutions to 5D BIM for mega infra-projects, RPA & IoT solutions, and many more. With an in-depth understanding and core competence of the construction & infrastructure industry, Highbar has demonstrated expertise in the Private, Public, and Government sectors covering roads, ports, smart cities, airports, railways, irrigation, power, water supply, as well as urban and industrial infrastructure like telecom, manufacturing, and mining sectors. Highbar is the perfect blend of domain knowledge in the infrastructure business with a team that is well equipped to understand and relate to the requirements of the sector.

To know more write us at enquiry@highbartech.com or call +91 8976711399