Construction & Specialty ContractorsTo succeed, construction & specialty contractors firms must stay ahead of increasing competition and keep up with ever-changing regulatory requirements. That means you must implement a construction project management solution that keeps pace with these challenges. Construction & specialty contractor companies need software to help you stand apart from their competitors, improve operations, meet or exceed the market demand and increase profitability.
Construction & specialty contractors firms also need fully integrated contractor accounting software to manage budgets, inventory, billing, time sheets and profitability for individual projects. You also need a complete view of project-related costs for materials, labor and service and the ability to compare the actual costs of a project with original and revised budgets.
With ADEACA ONE you can effectively manage and control your client engagements and all the related processes as well as have the necessary real-time insights into the performance of your businesses. This means you can operate more efficiently, make timely and informed business decisions, reduce risks and become more profitable.
ADEACA ONE enables you to effectively evaluate the profitability of projects in the sales phase and remain profitable through planning, design, and development. Using ADEACA ONE, construction and engineering firms can manage time, costs, resources, contracts, and changes in one solution as well as make this information available to multiple people, e.g., project teams, project owners and subcontractors, in various locations.
Your Business is Projects
Whether you call them projects, engagements, or service contracts, construction is a project-based business. You are like the 20% of all companies that organize their business activities in projects. All project-driven companies suffer from the same fundamental problem – the separation of project operations and project finance from your ERP.
Like most project companies you probably run your project management system and project financial system separately. You may have a separate ERP in which you try to consolidate all the data. This separation causes delays in data delivery as well as inaccurate information, both of which lead to an incomplete picture and the inability to make real-time, data-driven decisions for your business.
Projects are the center of your business. You need a Unified Project Solution to run your enterprise.
Moving to a Unified Project Solution
Moving to a unified project solution is not an all-or-nothing proposition. That is why we suggest approaching it in two steps that can be accomplished in phases.
Your first step toward a unified project solution is bringing project financials into your ERP. Many companies use Excel or another cost management system to run their project financials and get a thorough understanding of their portfolio budgets, forecasts, and earned value analysis. Bringing that process inside your ERP eliminates errors and delays in reporting. Cost control becomes more efficient and effective. Getting started with this first step is the most important.
The second step in your journey to a unified project solution is bringing project operations (planning) inside the ERP as well. This final step unifies everything so it all works seamlessly together in real time. For example, changes made to the project schedule are automatically reflected in procurement, the payment plan, EAC, and cashflow projections.
Oracle Primavera or Microsoft Project Users
ADEACA makes it easy to get started by providing you with a comprehensive project financial solution to achieve the first step. This first step consolidates project accounting and cost control processes, laying the foundation for eventually integrating project operations.
The second step of our vision we know is somewhat controversial to many in the construction industry because of long traditions and reliance on Oracle Primavera as the preferred planning tool. However, while Primavera (as well as Microsoft Project) is a great tool for planning, it’s lack of integration and process enforcement does nothing for project financials or top leadership who need to understand the operational and financial sides of the business simultaneously.
As ERP technology progresses, the next big productivity gain for the construction industry is the ERP expanding its domain over all aspects of projects and morphing into what we call a Unified Project Solution. This will bring the industry on par with 90% of all other industries regarding the use of enterprise wide systems.
Our vision is to fully integrate project financials and operations into the ERP and thereby provide the best solution for your company overall. To that end, ADEACA provides practical solutions to help you move closer to a unified project solution:
- ADEACA ONE utilizes project management best practices so your managers will be familiar with the tools included and easily adopt the system. You will achieve practices on par with or superior to Oracle Primavera or Microsoft Project.
- ADEACA ONE also allows you to easily export into Primavera or Microsoft Project format so you can interchange your data with customers and partners without difficulty.
Meet ADEACA ONE on the Microsoft Dynamics 365 Cloud
A platform that puts projects at the center of your ERP - how project-driven companies should operate.
Optimize your project financials and operations together. Make real-time, data-driven decisions for your company.Learn more >