Case Study Shows Time-Saving Benefits of Procore + Sage 100 Integration

Procore’s all-in-one platform and Sage 100 Contractor integration streamlined essential processes to save UrbanCore employees 5 hours each per week.

UrbanCore Construction is a development and construction firm focusing on residential and commercial properties. It provides turnkey development solutions, a full range of construction services, and consulting for strategic joint ventures and investments. In an effort to integrate the team’s accounting solution with its project management solution, they decided to implement Procore’s Sage 100 Contractor integration developed with hh2 Cloud Services.

The Results

By reducing double entry, teams no longer had to manually add direct costs into two systems and then reconcile those costs at the end of every month—saving over 18 hours each year on that task alone. In total, CFO Andy Underhill says the integration saved each accounting team member about 5 hours each week and project teams about 3 hours each week.

With costs syncing between Sage 100 and Procore, accounting and field teams had reliable financial data at all times. Operations Managers could view up-to-date job costs and profits anytime, anywhere, to more accurately predict profit margins and mitigate financial risk. What’s more, teams were no longer relying on outdated or delayed data when billing the owner. As a result, they eliminated the risk of non-billable trailing costs at the end of each month and boosted cash flow.

Reduced Double Entry

Instead of entering change orders, direct costs, and budgets into two systems, data easily and automatically syncs between the two—saving each accounting team member about 5 hours per week

Improved Forcasting

The integration allows teams to view up-to-date job costs and profits at any moment, ensuring more accurate projections.

Increased Profit Margins

The integration allows teams to view up-to-date Real-time information means that non-billable costs aren’t slipping through the cracks at the end of every month due to outdated data.job costs and profits at any moment, ensuring more accurate projections.

To learn more, follow the link below or contact us to schedule a demo.

Alexa NewsomComment
5 Signs Your Construction Firms Needs a Document Management Solution

Construction is a fast paced, competitive business. Every day people want you to do more with less. The one thing there never seems to be less of is paperwork. Every time you turn around there is another document that needs to be classified, coded, approved, routed to other team members, stored, etc. How documents are managed (or mismanaged) can have a big impact on your bottom line. At some point, most construction companies need to turn to an automated document management solution to stay competitive.


Here are 5 signs that time may arriving for you:

#1 – You have too many “solutions”

You have several different software programs to manage your documents. You also store physical, paper copies of documents related to your projects and business. 

#2 – You’ve Got That Uneasy Feeling

Owners and managers don't feel confident that they have their projects under control. They often have an uneasy feeling that important administrative mistakes are being overlooked.

#3 – “It Was Right Here”

Keeping track of important documents and retrieving them when needed is becoming increasingly difficult. A lot of time is wasted searching through filing cabinets, offices, job sites, and storage slows down your business.

#4 – Poor Visibility into the Business

Owners and managers struggle to get a complete view of how the business is doing. Because it is so difficult and time consuming to find the data they need, they are often forced to make business decisions without having the information they need to make confident decisions.

#5 – The “Systems” Need a Babysitter

Approvals, routing, and workflow require someone's constant attention otherwise deadlines and change orders will be missed.

If any of the above items sound familiar, it may be time to put evaluation document management solutions on your to-do list. Sage 300 Construction and Real Estate Document Management is one solution that should be on your short list. Built specifically for Construction firms, Sage 300 Construction and Real Estate Document Management helps you eliminate the inefficiencies of managing excess files and paperwork. 


And because it's tight integration, you'll be able to manage document:

  • Storage

  • Retrieval

  • Classification

  • Routing and Approval 

directly from within Sage 300. 

You'll also be able to easily share documents with other team members who need access to them.

Most importantly, you’ll have the confidence of knowing that because things are where they are supposed to be, you can quickly find them, and have ready access to the information you need to make informed business decisions.

These are just a few of the benefits that an integrated document management system like Sage 300 Construction and Real Estate Document Management can bring to your business.

Ready to learn more about Document Management Solutions? Contact us for a brochure or to schedule a demonstration.

Jon NewsomComment
Managing Construction Operations

To keep projects on schedule and within budget, you need to make decisions quickly. Good decisions require access to the right information at the right time. Sage 100 Contractor gives you the project visibility you need to ensure projects are profitable, starting from the initial estimate through to the project completion. Watch this short video to learn more about how Sage 100 Contractor can help you manage your construction operations.

Transcript

To keep projects on schedule and within budget, you need to make decisions quickly. Good decisions require access to the right information at the right time. Sage 100 Contractor gives you the project visibility you need to ensure projects are profitable, starting from the initial estimate through to the project completion.

When you've been on a job, you need to produce competitive accurate estimates quickly. With Sage Estimating Basic, you use a familiar spreadsheet format, plus take off capabilities that speed up estimate creation, and formula error checking, so you can be confident in your numbers the first time.

Once you will a bid, setting up the job is easy. With a few mouse clicks, you can generate budgets, subcontracts, purchase orders, schedules, change orders, and more directly from the estimate. When the job is underway the blind spots are gone. Sage 100 Contractor provides you quick access to the latest project cost and progress details. Whether you're reviewing projects using the dashboard or drilling down to see the details, you can see how your jobs are currently performing so you can act quickly to protect profitability.

When using Sage Construction anywhere with Sage 100, everyone on the project team can access the latest project reports, documents, drawings, and photos, all easily accessible through mobile devices, whether in the office or out on the job site.

Field teams can enter and approve time worked in the field through mobile phones, tablets, and laptop. With quicker, accurate time collection, you'll have faster access to labor cost reporting to ensure you deliver the project within budget. With Sage 100 Contractor, you'll have better visibility to win profitable business, make informed decisions during the project, and connect your entire team with the information they need to move each project forward on time, on schedule.

Running Your Construction Office with Sage 100 Contractor

We don't have to tell you how tricky it can be to run your construction office. Luckily, Sage 100 Contractor makes it easy for you to stay on top of things and keep your office running smoothly. Watch this short video to learn more about how Sage 100 Contractor can make life easier when it comes to running your office. 

Transcript

Running the office for a contractor means shouldering a lot of responsibility. Besides taking care of the accounting, it's often up to you to handle critical issues, stay ahead of approaching deadlines, and monitor business risks, like insurance and lien waiver requirements. You now how costly mistakes or oversights can be. Sage 100 Contractor improves your business visibility, simplifies your work by connecting finance and project data across the company. Through one dashboard you can instantly see how the company is doing, and what you need to address.

Need more detail? Simply drill down to see a specific report or document, like an invoice or contract. What's the easiest way to solve a problem? Spot it before it occurs. With Sage 100, you specify key concerns you want to monitor such as impending cost overages, and insurance expiration's. E-mail alerts will then notify you of potential problems, so you can take immediate action. In Sage 100 Contractor you enter data just once, which reduces the chance for error.

From estimate to budget, to payables and receivables, everything connects together. No more spreadsheets. Profit margins can be razor thin. Sage 100 Contractor makes it easy to monitor current costs so you can make corrections and maximize profitability. Labor costs are a big part of any job, when using Sage Construction Anywhere your field staff can enter employee through a mobile device each day, eliminating late or inaccurate entries, and helping you to speed up the billing process so you get paid faster.

Wondering how your company will ramp up? With our network of experienced business partner, a variety of training options, and intuitive software, you'll have the support you need. Once up and running, you'll gain new confidence in your reports, accounting, and operations, and how best to guide your company to a bright future.

5 Tips for Improving Your Job Costing
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How confident are you in your job cost numbers? Tracking and controlling job costs is essential to running a profitable construction company. Unfortunately, many construction firm owners don't have a high degree of confidence in their job costing numbers. Here are 5 tips to help increase your confidence in your job cost numbers.

1. Track Committed Costs

Have you ever closed out a job then received a bill you’d completely forgotten about? Suddenly the profit you thought you’d made erodes before your eyes. Sage construction software helps you issue and track purchase orders and subcontracts to give you the clearest picture of every cost connected to a job.

2. Install a Change Order Process

Understanding how and why your budget has changed is critical to establishing your true job costs. Documenting and monitoring the status of change orders will help make sure you get paid for all your work.

3. Collect Time Sheet Data Daily

Labor is your biggest risk to losing money on your jobs. Capturing and reporting work time on a daily basis (rather than weekly) will improve time sheet accuracy. It will also give you a more current view of labor costs. We can help with integration to mobile time card reporting applications.

4. Use Alerts

Sage construction software lets you take proactive measures to monitor your costs. You can set up automatic alerts to notify you when jobs haven’t been billed, profit falls below a specified percent, as well as any another event that you want to be notified about.

5. Give Estimators Access to Actual Costs

Tracking actual costs against your budget and using that information to refine future bids will improve your company’s ability to win more profitable work.

Use these tips to get the most out of the job cost features of your Sage construction software. If you don't use Sage construction software and would like to learn more, feel free to contact us. You may also want to check out our free Software Selection Guide.

Sage 100 Contractor - Providing Excellent Service

Watch the video below to see how Sage 100 Contractor can help you increase the efficiency of your service department and provide top-notch customer service. 

Transcript

When competition is stiff, providing efficient top notch customer service will set you apart from your competitors. As you track technicians, work orders, equipment, and parts, it's a challenge to maintain that top service you want when you're relying on an assortment of software systems, spreadsheets, whiteboards, and paperwork. Sage 100 Contractor can make it possible by providing your team of one central integrated solution, tying service dispatch, inventory, equipment management, and accounting altogether.

The Sage 100 Contractor Dispatch Board acts as the service department's nerve center. At a glance, you can see up to five days of work orders. Add, update, or move change orders and easily send service technicians the details they need, so they're solidly prepared for their next appointment.

Sage 100 also makes managing inventory simpler. The software does away with manual tracking of parts used on service calls, automatically updating the quantities on hand. Reordering is also smoother, because Sage 100 Contractor notifies you when stock drops below minimum quantities. You no longer need to carry excessive inventory, saving you money. With service reports like Quantity on Hand Reports for each location, you and your technicians can start the day confident that trucks are fully stocked and technicians have everything they need to deliver the service your customers deserve.

With Sage 100 Contractor, you can increase the efficiency of your service operations. Provide solid customer service and pave the way for the profitability and competitive edge your company needs to prosper well into the future.

Sage Customer Story: Skender Construction

For over 40 years, construction companies have turned to Sage to help manage and grow their businesses. The video below shares the story of one of those construction companies, Skender Construction. If you'd like to learn how Sage can help you grow your construction business, give us a call.

Video Transcript:

Skender Construction is a general contractor. We do about $350,000,000 worth of work. Our main markets are healthcare, retail, and commercial construction. At any one time we have between 35 to 45 projects going on in the Chicagoland area.

The Skender Construction brand is about family. It drew me to the company. I think it draws a lot of people. Our employees are the number one reason we are where we are today. We've actually won an award eight years in a row for being the best place to work.

When we won contractor of the year we really felt like we were sharing it with everybody that we work with, all of our people, all of our sub-contractors, our trade partners, everyone within the family. We really felt like it was a true team award, and not just one company winning the award.

Technology is one of the things we embrace. Having that ability to be mobile is really a necessity more than a luxury. Sage really allows Skender Construction to be a more mobile company than we were in the past. It allows people to have a better work-life balance. Sage allows us to focus on the things that really are important: our employees, our culture, our clients.

In the next ten years I see Skender Construction continually growing up to $500,000,000 plus, but once again, keeping that family atmosphere, that family culture. Skender Construction is always going to be on the forefront of technology, and we're always going to use partners like Sage to make sure that we're not falling behind in the industry.

Sage, where business gets personal.

Sage 300 Estimating Free Training Webinars
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Looking to get more out of you Sage 300 Estimating Software? Sage Software is hosting a number of free training webinars for Sage 300 Estimating during the month of May. Details about each of the webinars along with a link to the webinar registration page can be found below.

Create efficiency in your bid invitation process utilizing Sage Bid Management

Tuesday, May 16, 2017 7:00 am Pacific Daylight Time (San Francisco)

What you will learn:

It can be challenging to manage the Bid Invitation process, staying on top of communications, who will be bidding, and ensuring you have coverage. Learn how Sage Bid Management's online collaboration tool can assist you in managing the process.

Click here to register

The advantages of Sage Estimating for your business

Tuesday, May 16, 2017 9:00 am Pacific Daylight Time (San Francisco)

What you will learn:

How to standardize your workflow utilizing the industries number one integrated Estimating solution.

Click here to register

Discover the efficiencies of integrating Sage Estimating with Navisworks

Wednesday, May 17, 2017 7:00 am Pacific Daylight Time (San Francisco)

What you will learn:

Discover how you can streamline your process of extracting quantities from a BIM Model and generate an accurate estimate in minutes.

Click here to register

Seamlessly integrate your digital takeoff with Sage Estimating

Wednesday, May 17, 2017 9:00 am Pacific Daylight Time  (San Francisco)

What you will learn:

  • How eTakeoff can reduce your takeoff time by as much as 50% over manual methods.
  • Why integration between eTakeoff and Sage Estimating has eliminated the time consuming task of populating your estimate.
  • How eTakeoff alerts you to changes from previous takeoffs and updates your Sage estimate with the click of a button.
  • How the Sage Estimating audit trail and drill down features take you directly to the eTakeoff drawing where quantities were derived, making it easy to verify where quantities came from.

Click here to register

Sage 100 Contractor Version 20 Upgrade Webinar
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Version 20 is here; but you don’t need to be frightened! Join Leslie Shiner to explore Sage 100 Contractor Version 20. Discover how to install the upgrade and see what happens during the install. It’s important to know that you can install Version 20, test out the conversion and continue to work in Version 19 until you are confident and ready to move forward. Learn how the data is organized and how users are set up and managed.

Discover the advantages of this latest version. This 1½ hour webinar has been created for the end-user, not your IT professional.

Cost: $99 per webinar login

Dates & Times: November 2nd at 9:00 am PST November 2nd at noon PST December 7th at 9:00 am PST December 7th at noon PST

Click here to register

About Your Instructor: Leslie Shiner

Leslie Shiner—author, speaker, and trainer—has more than twenty five years’ experience as a financial and management consultant. She is the owner of The ShinerGroup, a consulting firm helping contractors gain financial control. As a business coach, she has worked with both small and large businesses to help them better understand their business practices and maximize their profits.

Leslie has been working with Sage 100 Contractor for over 25 years. She frequently speaks at industry conferences and continues to receive high praise for her ability to make financial management interesting, understandable, and even entertaining.

Click here to register

Overseeing Your Contractor Business with Sage 100 Contractor

When your business is smaller, it's easier to stay on top of what it takes to move your business forward, but as it grows, it can be challenging to maintain the visibility you need to effectively lead your company. Sage 100 Contractor pulls of the areas of your business together. It offers you not only a consolidated view of your business, but also instant access to the details behind the numbers so you can quickly understand what's happening and what might need your involvement. Unlike basic account software, Sage 100 Contractor is built specifically for managing both the financial and operations of your construction business. You're provided with easy to use business management tools so you can make the right decision at the right time before unexpected cost hit your bottom line. Instant access to accurate timely business information is crucial.

With Sage 100, you no longer need to make decisions using limited information or reports that are days or weeks behind. A customizable dashboard helps you at a glance understand the overall financial health of your company. If it something concerns you, simply drill down to the documents behind the numbers such as invoices or contracts to investigate further and figure out your next step.

Want even more detail? With over 1200 available reports, you have many views into the information you need to see. You can closely manage virtually any aspect of your business, estimates, schedules, job cost, payables and receivables, service and more.

To make sure business trending issues won't catch you off guard, Sage 100 Contractor can even alert you by email when issues you specify occur. Such as when a project's labor hours are about to exceed the budget, so you can take immediate corrective action.

Whether at you're at the job site, a client meeting or even drinking your morning coffee, with Sage Construction Anywhere, you're always connected to your business. With your smartphone or tablet, you have instant access to Sage 100 project reports or the latest project documents you need to make solid on the spot decisions.

Sage 100 Contractor gives you the business visibility you need to make timely decisions so that each opportunity you pursue builds and strengthens your business.

Watch the short video below to learn how Sage 100 Contractor can you oversee your business.

Upgrade from Quickbooks and Save 20%
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If you have been trying to use Quickbooks to manage your construction business, you've probably run into some speed bumps. QuickBooks lacks the functionality to handle the most critical construction processes. Luckily, you can easily solve these problems by upgrading to Sage 100 Contractor.

Built specifically for contractors, the software enables you to better manage these critical business functions:

  • Job cost reporting
  • Project management tools/collaboration
  • Integrated estimating
  • Construction payroll
  • Service management
  • Equipment management
  • Inventory

Sage is currently running a promotion where Quickbooks users can upgrade to Sage 100 Contractor and save 20%. However, the promotion ends September 30, 2016, so don't procrastinate.

Have questions about Sage 100 Contractor? Wondering if it's right for your business? Contact Us for a free, no-pressure consultation.

3 Levels of Forecasting for Construction Businesses
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Preparing, reviewing, and updating forecasts is an important part of the strategic planning process for construction companies. While each construction company may go about their forecasting process differently, forecasts typically fall into 3 major categories or levels - business, project, and external forces.

Business Level Forecasts

At the business level, your forecasts help you develop your budgets, establish a vision for the future, and create benchmarks to measure and reward performance. Predictive indicators, such as customer satisfaction, sales pipeline, and accounts receivable turnover, will help you create your forecasts. Common business level forecasts for construction companies include:

  • Backlog
  • New contract awards
  • Revenue
  • Direct and indirect costs
  • Cash flow
  • Gross margin
  • Net profits before taxes

It's a good idea to create a contingency plan in case actual results fall below projections. "Plan for the worst but project for the best" as they say.

Project Level Forecasts

Each project must be controlled carefully from beginning to end. Forecasting plays a vital role in identifying potential problem areas—after all, how can you know when a project gets off course unless you first understand the destination? Successful contractors are systematic with their project forecast, typically requiring finance and operations to work together to provide monthly project forecasts. Key project areas to forecast include:

  • Net profit
  • Cash flow
  • Cost to complete
  • Equipment resources

Construction forecasts typically rely on accurate and timely input from field management for information such as percent complete and units in place. From these indicators, you can derive a forecast variance and make adjustments. To improve the timeliness of this data, companies are increasingly providing mobile access so field personnel can record project progress from the jobsite.

External Forces Level Forecasts

In addition to making projections regarding internal business performance, it’s important to consider how external factors will impact your organization. For construction businesses, these external driving forces typically fall into five categories:

  • Economic—Continued recession or rebound?
  • Political—What new regulations are on the horizon? Where are taxes headed? How will government spending affect available work?
  • Social—How will an aging population change the type of buildings and services in demand?
  • Technological—How will innovations in mobile, cloud, and BIM impact the industry?
  • Environmental—In what new directions will the “green” movement pull the industry?

Scenario planning: Prepare for what might happen. Without a crystal ball, the best way for construction executives to understand these forces is to use a method called scenario planning. According to the Journal of Accountancy, scenario planning is focused on answering three questions:

  1. What could happen?
  2. What would be the impact on our strategies, plans, and budgets?
  3. How should we respond?

Review and Update

Make sure to review your forecasts, including the assumptions they are based upon, on a regular basis. Forecasting and planning should not be an annual event, but an on-going process.

5 Reasons to Improve Your Forecasts

crystal_ballAre you better at forecasting than you were a year ago? Creating forecasts for you construction company is probably one of those things that you know you should do, but often falls down the priority list. However, improving your forecasting skills can make a real difference in your bottom line.

Not sure if it's worth the time to work on your forecasting skills? Here are five reasons to work on improving your forecasts:

1. So you can establish the best road map for your business.  By performing what-if scenarios, you can better visualize answers to questions such as:

  • What is the revenue impact if we focus on one type of work?
  • Are we better off buying or renting equipment?
  • If we win 20% less work, how can we offset the loss?

2. So you can protect and improve your bonding and credit - Bond companies, surety brokers, and banks want to see if you will be able to pay your debts on time. Many require sound cash forecasts to confirm your performance will meet the minimum criteria.

3. So you can manage more confidently - Periodic forecasting will enable you to know when to be more aggressive and when to tighten the purse strings.

4. So you can course correct.  Well-devised forecasts give you time to make changes if you’re in trouble. For example, if you projected an 11% year-over-year increase in annual contracts but in your first quarter you only saw a 2% increase, you may need to make changes in sales and marketing or cut your projections.

5. So you can better understand what you can control and what you can’t When you forecast, it becomes clear that much of what happens in your business is beyond your control (costs increase, the market cools). But there are many aspects you can influence. For example, if you can devise strategies to get paid days earlier, it  can give you the freedom to borrow less.

Do you have any forecasting tips you'd like to share? Drop us a note in the comments below.

5 Reasons Construction Businesses Need Analytics

construction accounting questions or answersDoes your construction business need analytics? We believe every construction business can benefit from using analytics in their decision making processes. Here are 5 quick reasons why:

#1 - Intuition Isn't Enough

Today’s construction environment is too complicated to make decisions based purely on intuition, gut instinct, and professional judgment.

#2 You Don't Know What You Don't Know

Analytics can help you identify problems you didn’t even know you had.

#3 The Competition

Your competition is likely exploring or already using analytics to discover and exploit advantages.

#4 Experience Isn't Enough

Not every decision today can be made based on past experience and observations.

#5 It's Easier Than Ever to Acess the Data

Because the technology is ready and more affordable than ever.

What's Holding You Back?

What questions do you have about using analytics in your construction company? What's holding you back from getting started? If you are using analytics, what benefits (or drawbacks) have you seen? Drop us a comment, we'd love to hear from you.

Construction Analytics - 5 Features To Look For in BI Tools

number 5Analyzing your business performance starts with  quality data related to your processes. Most construction firms do not lack data. More often they lack data integration. Lack of integration prevents information from different departments and functions from being used together.

This is why we emphasize the importance of using integrated, construction-specific accounting software - for every sized construction business.

Business intelligence tools are a must.

Once you have an integrated, construction-specific software system, you will also need reporting or business intelligence tools. These tools should be able to extract, clean, and transform the data into a format that’s meaningful for users. New tools and technologies are emerging to make information come alive. These tools include data visualization, process simulation, and predictive techniques. By taking advantage of these innovations, you can quickly uncover details that would otherwise be hidden in your data.

So what should you look for in a BI tool for your construction company? Here are five software features that add value to your analytics capabilities:

1. Ad-Hoc Custom Reporting - empowers your personnel to ask their own questions of company data, without burdening IT.

2. Cross-Project Analytics - provides details on “job demographics”—such as location, type of work, and owner—across all your projects so you can pinpoint what type of work you should focus on.

3. Spreadsheet Analysis - enables you to import/export data to Microsoft Excel for configuring data and creating specialized and graphical reports.

4. Drill Down - takes the user from a general or high-level view of the data to a more specific one to provide greater insight.

5. Automatic Report Scheduling - allows essential information to be distributed to the right people on a recurring schedule in order to turn data analysis into action.

We have a number of business intelligence and reporting tools that will work with your Sage Construction software. Contact us if you'd like to see a demonstration our discuss your individual needs.

Quick Cash Flow Analysis for Construction Companies

Cash flow is the lifeblood of your construction business. Watch this video to learn how you can quickly get the information you need to stay on top of your cash flow with Sage 300 Construction & Real Estate Excel-Based Reporting. 

Transcript

Healthy cash flow is like oxygen to a company, and staying on top of changes to your cash flow trend can help you make corrections before trends turn into problems. With a Sage 300 Construction and Real Estate Excel based report, we can get a big picture view of the overall cash flow trend from jobs over the past 12 months. The overall trend is made up of the individual contributions from each job month to month. Trends in the cash flow for individual jobs or groups of jobs may identify billing issues, collection issues, or spending issues that with little analysis can be identified and addressed. This provides us with a 12 month window showing how our jobs have been affecting the company's cash flow each month. By filtering the data a little further, we can see the same trend analysis for a specific job, a specific customer, or a specific project manager.

Identifying the specific causes for increases or decreases requires quick access to live data. Sage 300 Construction and Real Estate Excel based reporting enables us to drill down into a specific value to see the supporting information. The amount by which the job increased or decreased cash is broken down by types of cash receipts and disbursements. By observing cash receipts we can quickly confirm that payments are being received from the customer on a timely basis. By drilling into disbursements we can review the usage of company credit cards or burden incurred from payroll. Ultimately, a review of this information may help in decision making processes pertaining to things like billing processes, payment collection, usage of company credit cards, costs not associated with sub-contracts or purchase orders, or the use of overtime.

For more information about cash flow analysis using Sage 300 Construction and Real Estate, contact us by phone or email, or  learn more about Sage 300 Construction and Real Estate on our website.

3 Ways Analytics Can Improve Your Construction Business

analytics reportsAre you skeptical of data driven decision making? If so, you are not alone. Many construction business owners wonder if using analytics can provide better answers to their business questions - such as which types of projects should our company avoid? Sometimes, the more experience we have in the field, the less inclined we are to rely on analytcis in our decision making.

However, it's been shown time and again that analytics-based decisions can help organizations gain a competitive edge.

Here are 3 ways you can use analytics to improve your construction business:

1. Analytics Help Improve Profits

The right analysis tools can help you spot patterns and trends in your work. For example, an HVAC contractor might determine that installing a certain type of air conditioning unit for a certain type of customer in a specific region has an outsized effect on profitability. Armed with that information, the company’s executives might discontinue sales of less profitable systems, step up marketing in that region, or develop new strategies.

2. Analytics Help Prevent Repeated Mistakes

Nothing holds back a construction firm like a mistake that’s repeated project after project, year after year. This is especially true when you start looking at costs like labor, materials, equipment, and energy consumption. How much would the same bad labor decision cost a general contractor over a period of 20 years? Analyzing your operations across all projects can help you pinpoint these trouble areas and make changes.

3. Analytics Help Manage Workforce Better

For nearly any construction firm, nothing causes the profit and loss statement to swing one direction or the other like labor. Thus, a company that understands its workforce needs better than its competitors can gain an edge in the labor market. Analyzing productivity both at an enterprise level and down to the individual worker will help you determine what exactly needs to change in order to get the right level of productivity from your labor.

If you'd like to learn more about applying analytics-based decision making in your company, contact us for a free consultation.

Try TUG for 90 Days on Us
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Contractor Business Solutions Northwest invites you to join us as members of TUG, The Users Group for Sage 300 Construction and Real Estate, Sage 100 Contractor & Sage Estimating. The guiding purpose of TUG is to connect members with others who use the software on a daily basis so they can learn from each other, exchange knowledge and collaborate to find real-world solutions.  Whether you are just starting out or have been using the software for years, TUG’s member community of experts and other users will provide you with a variety of channels to learn time saving tips and tricks, gain productive solutions, build a support network and ultimately get the most out of your investment.

TUG Member Benefits Include:

Company-Based Membership

Everyone in the company who uses the software can have their own log-in to access the features of TUGweb.com

FREE Monthly Training Webinars

Led by consultants and every day users on a variety of topics and modules

Year-End Closing Webinar Series

Cover steps to close year-end books – offered live and recorded

TUG Pulse Monthly Newsletter

Filled with articles, tips and tricks and other valuable info written by members and consultants

TUG Talk Online Bulletin Board

Post questions/issues and view messages from expert monitors and other users

TUG National Users Conference & Regional Workshop

Both events feature hands-on labs and lectures led by consultants and users – member discount for each employee

2016 TUG National Users Conference – May 17-20, 2016 2016 TUG Regional Workshop – Details Coming Soon!

Sage Enhancement Requests

TUG maintains a close relationship with Sage to share member feedback and funnel product news

Career Center

Search and/or post current job openings as well as resumes

Masters Club Program

Earn service points for sharing your knowledge with other users such as writing articles, leading webinars, etc. and redeem those points for gift cards and other rewards

To receive 90 days of TUG membership for free, click on this link and enter the promo code of CBSNW16.