REAL-TIME PROJECT INSIGHT FORSpecialty Construction
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
THE REAL-TIME ECONOMY
The Real-Time Economy is the macro-trend in which business processes and value chains are becoming entirely digitized and connected so that data dissemination and business decisions are occurring closer and closer to real time. 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 Specialty Contractor in the engineering and construction sector, you have to deal with any number of demanding construction project management challenges. You have to pay close attention various details that are associated with many unique projects. However, you can no longer rely on paper-based work orders to get the job done.
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,
SPECIFIC CHALLENGES FOR SPECIALTY CONSTRUCTION
Traditionally, specialty contractors have managed their business processes with heterogeneous, disconnected tools – but that’s no longer good enough. To operate more efficiently and increase productivity, specialty contractors in engineering and construction must implement scalable and flexible systems to enable them to manage the lifecycle of every project in real time.
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 in engineering and construction need a system that will enable them to solve their project collaboration and communication problems. It’s nearly 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 engineering and construction industries 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 budget. To ensure they have access to this information, these general contractors and owners are turning to specialty contractors with Project ERP systems in place.
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.
A one-size-fits-all ERP just doesn’t work for project-based businesses like specialty contractors in the engineering and construction sectors. In fact, implementing a generic enterprise ERP system could even hinder productivity and profitability. ADEACA’s Project ERP, on the other hand, can help specialty contractors effectively manage and deliver their projects, achieve better results and grow their businesses.
Request a consultation or demonstration with our experts to learn how ADEACA can bring your Construction business into the Real-Time Economy.