Revolutionizing Subcontractor Management
in Construction
In the world of construction management, the complexity of procurement, work order management, material tracking, and billing reconciliation often results in inefficiencies, cost overruns, and financial leakage. While SAP provides a strong foundation for enterprise resource planning, it leaves critical gaps when it comes to the nuanced needs of construction projects, especially in subcontractor management.
Key Benefits of MyRA for Subcontractor Management
MyRA revolutionizes subcontractor management by addressing the limitations of SAP, offering automation, accuracy, and control throughout the entire lifecycle. Here’s how users benefit:
How MyRA Fill the Gaps
MyRA brings automation, accuracy, and control to the entire lifecycle of sub-contractor management, directly addressing the limitations of SAP.
Here’s a detailed comparison:
Features
Work Order Creation
Material Reconciliation
Part-Rate Management
Advance Payment Tracking
Billing and RA Management
SAP Standard
Manual
Limited Visibility
Prone to Errors
Unrecovered Advances, Cash Flow Issues
Manual
MyRA
Automated
Real-Time
Accurate
Efficient Tracking, Better Recovery
Automated, Faster Approvals
Business Benefits
Delivered by MyRA
~ 40% Improvement in decision-making accuracy due to data reliability
15% Reduction in unrecovered advances, strengthening cash flow
~8% Lower Financial Leakage through automated reconciliation
35% Fewer Billing Disputes, ensuring faster project completion
20% Cost Savings by preventing budget escalations
MyRA isn’t just a tool!
It’s a game-changer for construction management. By leveraging MyRA’s advanced capabilities, businesses can drive efficiency, accuracy, and profitability, all while maintaining a seamless integration with their existing SAP infrastructure.