First Bit

Project costs from estimate to completion

Contractors in the UAE use First Bit's construction ERP to control project costs from estimation through to completion. The system is built for contractors, and it gives real-time visibility of costs, profitability and cash flow. Budgeting is based on bills of quantities, and procurement, accounting and project finance run in one system that links every department. The company says its software helps local contractors replace spreadsheets and reduce profit leakage.

Finance, IFRS reporting and UAE VAT

The general ERP keeps financial data in one place, with reporting prepared under IFRS, multi-company accounting in a single database and automated VAT calculation under UAE law. Dashboards show receivables, payables, cash positions and key metrics for CFOs and finance teams, and the system forecasts cash flow so that gaps can be anticipated.

Inventory, procurement and subcontractor control

Warehouse stock can be followed live at every site, with reorder thresholds, expiry tracking and ageing reports in place. Requisitions, purchase orders, materials, equipment and subcontractors are managed in the same system, with one consolidated view of what has been ordered, what is in transit and what has arrived.

Payroll and HR under UAE labour law

Payroll and HR processes are automated in line with UAE labour law. Expiry dates for employee documents are tracked, and vacation, sick leave and end-of-service calculations are handled by the system.

Delivery as cloud or on-premise

First Bit delivers its system either as a managed cloud service or as software installed on a client's own servers. Reports can be scheduled and emailed automatically, custom approval workflows can carry deadlines, and a mobile app supports field sales. The company reports that more than two thousand UAE companies use its systems to digitise their operations.