As your business has expanded and the projects are filling your pipeline your company has become too busy working in the business to work on the business. You need a system that will give you better reporting and greater visibility into your projects and the profitability of each including the causes and effects.
1. No visibility into Margin Fade and it’s Cause, before it is too late to do anything about it. You may be struggling to deliver an easy to use system with complete mobility for Project Managers, that allow them to financially manage a project in addition to just managing schedules and tasks.
2. Cannot Effectively Measure Labor Productivity: Labor is usually the largest impact on a project, so Time Entry needs be accurate. You may suffer from errors in time entry due to lack of automation for your workers. Time entry should be mobile, easy and automated to allow an employee/worker to enter time against a task and project with things such as wages, and union fringes automated and integrated with project set up on the back end. Your time entry may not feed projects and payroll simultaneously to allow measuring productivity daily on larger projects.
3. Estimates and Take Offs are not Accurate: Due to lack of proper document management and revision management, your take offs may not be done from the latest drawing set, then your estimates will be wrong, and you can lose the contract or win the contract at lower margins or a loss.
4. You Lack ONE VERSION of the TRUTH. Many industry specific accounting systems focused on job cost and service, may lack needed and integrated functionality such as HR and Payroll, Inventory Management and Fabrication, as well as Project and Document management. These integrated functions are needed to properly manage labor, Materials, contracts, change orders and more for a project.
