REAL-TIME PROJECT INSIGHT FOREnergy Specialty Contractors
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
THE REAL-TIME ECONOMY
The Real-Time Economy is the new consumer mindset with expectations of instant access to products, services, and information, stemming from business processes and value chains becoming entirely digitized and connected. The Real-Time Economy is all around us. We see it in every facet of our lives, from the automated and immediate availability of products and services to instant updates on just about anything across all our devices.
This shift into the Real-Time Economy is not new. It has been occurring undeniably for some time. What is new is that this trend is now pervading project-based businesses.As project-based businesses, the specialty contracting industry needs a lot of flexibility. Specialty contractors have to forecast every job accurately and they also have to ensure that the right people are in the right places at the right times. That means communications between all parties involved in every project have to be maintained, tracked and recorded in real time.
As a project-based business, the Real-Time Economy is
What is the Real-Time Economy and
what does it mean for project-based companies?
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DOING BUSINESS IN REAL TIME
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
What does it mean to operate in real time?
It is about monitoring your entire project portfolio continuously with the ability to react immediately when situations change. Project insight, such as estimate at completion, variance, margins and risk profiles should be aggregated and accessed with the tap of a button. Armed with such real-time insight, you are better equipped to meet the demands of the Real-Time Economy by responding faster and exercising more control over risk, profitability, and cash flow.
ENERGY SPECIALTY CONTRACTOR CHALLENGES
When it comes to specialty contracting, each one of a company’s customers is different with different projects, different timelines, different materials, different needs, and different expectations. Keeping track of each specific project, while still maintaining service records and billing data accurately is challenging. A project-based company must be able to manage each project effectively despite the fact that it is unique.
Specialty contractors need a system that will enable them to solve their project collaboration and communication problems. It’s impossible for specialty contractors to address the multitude and magnitude of the challenges they are faced with without an integrated system.
THE RIGHT SOLUTIONSimply put, specialty contractors need a totally integrated Project ERP system designed for construction so they can efficiently manage their operations, manage risk, and remain competitive.
As the construction industry continues to increase the speed by which it operates and specialty contractors in the energy industry fight harder for each project, enterprise resource planning systems have become critical components for everyday business. Project ERP systems allow specialty contractors to make critical information available to multiple people, in multiple locations for a variety of reasons and uses.
More and more, contractors and owners are demanding access to real-time, mission-critical data so they can be sure their projects remain on time and on
To meet the demands of the Real-Time Economy we deconstructed the common processes for project management and enterprise resource planning and unified them into ADEACA ONE – delivering a platform for how project-driven companies should operate. Our unerring passion for the last ten years has been analyzing, optimizing and reengineering the processes
>Addresses your entire project-based business, not just a part of it. With ADEACA ONE, the functions of ERP and operational project management are different aspects of the same system, working together in concert.
Only this comprehensive structure will enable you to meet the demands of the Real-Time Economy.
ADEACA’s Project ERP solution helps manage day-to-day project operations, so Energy Specialty Contractors can meet their project goals and deadlines.
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Request a consultation or demonstration with our experts to learn how ADEACA can bring your energy specialty contracting business into the Real-Time Economy.