This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updatedprivacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy.Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updatedprivacy and cookie policy to learn more.
Home»Topics» Adopting Technology for Financial Insight
As the building business continues to boom, construction companies that are moving down the path of profitable growth are those adopting Performance Management tools to provide real-time access to data and automate manual processes, so they can predict and forecast variables.
Even prior to COVID, closing your books was a difficult task. It’s time consuming, involves a lot of collaboration, and most importantly, there have probably been work-arounds put in place each month that now make it a chore. What are some lessons contractors can put in place to mitigate risk and improve reporting?
期间的开始the pandemic, Superior Construction put on their creative hats to think outside the box. See how Superior Construction has set up a dashboard specifically for Covid-19’s impact on their employee base.
There is no industry with greater complexity and risk, tighter margins or a higher likelihood that big projects will be delivered late and/or over budget than the construction industry. Now is the time to invest in strategies for increasing productivity and profitability.
Skanska USA Building Inc. explored several different Corporate Performance Management (CPM) vendors before choosing Prophix. They determined that Prophix had the perfect balance of functionality and cost to meet their business needs, providing them with robust reporting capabilities, thorough security options, easy report design tools and finance department administration.
而不是替换现有的ERP系统,read how Wilson Construction was able to increase the value of their solution by adopting Prophix. Prophix has allowed Wilson to automate their key financial processes, allowing their finance team to develop operational KPIs, save time budgeting, and create and manage financial and operational forecast models.
Interstates Companies, a large electrical engineering and construction company, uses Prophix's software to automate their core financial processes and to pinpoint their costs so that they know when to bid and how much to bid to win new business.
As the business world moves towards more agile project management, contractors need the proper insight to focus on the impact of their biggest resources – people and equipment.