How Watkyn’s Solar ERP Software Can Streamline Solar Workflows
Imagine a construction management firm that doesn’t just build high-rise apartment buildings but also owns and operates them for decades. This “develop and hold” model is akin to the solar industry’s approach, where managing long-term projects and budgets is crucial. Just as this firm needs to balance construction with long-term operational and financial management, your solar company requires a solution that smoothly integrates project management and financial planning.
Watkyn-developed Dev/Hold ERP software meets these needs with tools to streamline your workflows and manage the operational and financial aspects of your solar projects efficiently.
Dynamic Scheduling and Cost Tracking
Each time you choose a new site, the Dev/Hold ERP creates a list of tasks and milestones to guide you from the first stages of development through initial production and beyond. As your plans unfold, it tracks your progress with attractive Gantt charts and monitors costs each step of the way. Change the plan in one place, and everything else adjusts and recalculates to give your renewable energy business an accurate real-time picture of your progress and keep every division of your company working together.
Purchasing and Inventory Management with Tracking
Throughout the development process, you need to know what you have ordered and where it is. Managing supplier relationships and business processes is made easy with the Dev/Hold ERP system. This solar ERP software connects the tasks of the previous module to the equipment and other materials you need to carry them out. The purchasing and inventory tracking module also interfaces with your accounting software, saving your finance team time and ensuring it has complete and accurate records and purchase orders. Efficient inventory control is critical for maintaining optimal inventory levels and avoiding shortages or excess.
Financial Management
The next module of the Dev/Hold ERP guides you through the complex process of financing your projects in every phase as you pass from development loans to tax equity bridge loans and construction loans and then on to tax equity investment and leverage loans. This financial management feature helps you secure the necessary funding and manage cash flow effectively.
Data Management and Communication
Dev/Hold ERP keeps track of each critical document you create and receive and, with Quickbase’s granular permissions settings, makes sure that the right people get the right documents–and nothing more–without the need to send emails from outside the software. Proper document management is essential for maintaining compliance and ensuring smooth communication within your solar energy company.
Forecasting
Let your powerful database provide the numbers you need to attract investors and track your profitability. Dev/Hold ERP produces synchronized short-term and long-term cash forecasts that can be studied down to the individual project task level. Accurate forecasting is key for making informed decision-making and driving revenue generation.
Project Management
Effective project management is at the heart of any successful solar energy business. The Dev/Hold ERP includes comprehensive project management tools to plan, execute, and monitor projects from start to finish, ensuring timely completion and optimal resource utilization.
Benefits of Watkyn’s Custom Solar ERP Software Solutions
Public and private investment in renewable energy has never been higher–or a higher priority. Wise investors know that all the headlines and enthusiasm won’t matter, however, if a company doesn’t have a solid business plan and the right tools to turn that promise into profits. Solar ERP software is essential for ensuring the success of your solar energy business by streamlining operations and improving efficiency.
Experience Counts
Watkyn is proud to have helped Dev & Hold ERP Systems build enterprise resource planning (ERP) software specifically designed for the solar industry. Dev & Hold CEO Jeffry Peterson poured his years of C-suite experience in the industry into the design of a system that can guide industry newcomers and veterans through all the steps that make the solar power industry both challenging and rewarding.
User-Friendly, Customizable Software
This solar ERP solution is built in Quickbase, a cloud-based, no-code platform with an intuitive user interface and a powerful database. Those new to the industry can use the intuitive ERP software just as it comes, while those who are more experienced can put their individual stamp on it through the rich customization features that come with Quickbase. And if you need help, Watkyn, a longtime Quickbase partner, is ready to step in.
Long-Term Savings
Watkyn’s solar ERP solution delivers measurable long-term savings by optimizing your business processes. With automated workflows, you can reduce operational inefficiencies, minimize errors, and avoid unnecessary costs. By enhancing visibility across projects and providing accurate financial forecasts, the software helps you make informed decisions that prevent delays and budget overruns. This streamlined approach cuts costs and positions your business for sustainable growth.
Customized To Your Solar Company’s Specific Needs
Watkyn’s solar ERP software adapts to your solar business’s unique needs. With flexible tools that align with your workflows, the system integrates seamlessly into existing processes, enhancing operational efficiency. Whether you need to refine project scheduling, financial planning, or inventory management, the solution is tailored to meet your specific challenges. Having a customized approach ensures you have the right tools to optimize productivity and drive your solar company’s success.
Get A Custom Software Solution For Your Solar Company Today!
If you want to learn more, you will find extensive information on the Dev/Hold ERP system website. From there, you can request a demo and see the software in action. And when you are ready to customize your software, Watkyn will be ready to help!
