REAL-TIME PROJECT INSIGHT FORGeneral Contracting
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.There’s a lot of information connected with every construction project that general contractors have to consider, including closing requests for information; getting the precise information for submittals; and ensuring there are written sign-offs for change orders rather than merely quick verbal approvals. Get these details wrong and they can seriously affect the profits for the entire construction project.
The members of the project team have to be responsible for getting things done but because there’s just so much going on, it’s hard to track every detail. Of course, general contractors can speed up the process to save time and money, however the accuracy of the information will suffer.
As a project-based business, the Real-Time Economy is instilling new and more demanding expectations in your customers. The key to success is the ability to manage all of your projects, which vary in size and complexity, in real time.
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.
GENERAL CONTRACTING CHALLENGES
Because they serve such diverse markets, it’s important for general contractors to know which projects are having problems and which are most profitable. Having a 360-degree view of all of their projects enables companies to better forecast the profitability of future projects.
As a project-driven business, every step depends on the previous step and the ability to effectively manage subcontracts and collaborate on projects are absolute necessities. That’s why the entire project must be integrated into one powerful project management software solution
THE RIGHT SOLUTIONGeneral 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 general contractors fight harder for each project, enterprise resource planning systems have become critical components for everyday business. General contractors need technology solutions to enhance the productivity and efficiency of their teams – in the field and in the office.
Project ERP systems allow general contractors to make critical information available to multiple people, in multiple locations for a variety of reasons and uses.
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 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 construction general contracting business into the Real-Time Economy.