resources for the construction industry

Key Resources for the Construction Industry

When we work with companies to select the right system that fits their needs, we also spend time researching their industry to determine which systems should be on their list for evaluation. In doing this, we’ve found that the construction industry in particular has a great resource you may not be aware of.

JBKnowlege ConTech Report

JBKnowledge, in partnership with The Construction Financial Management Association (CFMA), National Electrical Contractors Association (NECA) and Mechanical Contractors Association of America (MCAA) conducts annual surveys to develop its ConTech (Construction Technology) report. Survey answers include what technology solutions respondents are using for estimating, project management, and more. If you want to read the latest surveys, you can do so for free through JBKnowledge, which has been conducting the survey since 2012. If you want to keep up-to-date on the latest technologies being used in the construction industry, this survey should be on your list to review every year. You can use this report to benchmark your company’s use of technology compared to your peers. You can also use the information to improve almost every aspect of your business. Here are a few recent stats from the 2018 report:

IT budget

  • 46% of construction companies are spending less than 1% of their revenue on IT.
  • 41% of construction companies are not billing their IT expenditures to specific projects.
  • However, the percentage of companies who are billing IT indirectly or directly has increased from 22.2% in 2017 to 24.5% in 2018, so it is increasingly becoming a billable expense.

IT staffing

  • CFOs and CEOs are most likely to be in charge of the IT department.
  • 66% of construction companies have a dedicated IT staff of 1-5 employees.
  • Generally, staff size has mostly to do with the number of employees in the company.

Data security

  • Employee training is the most common method of cloud data security. 66% of companies said they did this.
  • 78% of companies have not experienced a data breach in the last 12 months.

Mobile devices and top mobile apps

  • 85% of companies believe that mobile development is important or very important for their industry.
  • More people surveyed use smartphones (93%) than laptops (80%) daily.
  • Top apps for daily report management included Bluebeam, Procore, PlanGrid, and BIM 360 Field (Autodesk).

Workflow

  • Workflows are less likely to be dependent on spreadsheets in 2018
  • Accounting/ERP workflows are most likely to be using dedicated software (80%), followed by estimating (56%).

Top 3 Software Choices by Category

  • Accounting: Viewpoint, Sage 300, QuickBooks
  • Takeoff: On-Screen Takeoff, Bluebeam, Accubid / Autobid
  • Estimating: Sage Estimating, AccuBid (Trimble), HeavyBid
  • Bid Management: SmartBid, iSqFt, BuildingConnected
  • Project Scheduling: Microsoft Project, Primavera P6, Procore
  • Project Management: Procore, Prolog, HCSS HeavyJob
  • CRM: Cosential, Salesforce, Outlook
  • File Storage / Collaboration: DropBox, OneDrive, SharePoint

Emerging technologies

  • 35.2% of people survey are using voice assistance technology sometimes, with 58% of them using Siri.
  • The majority of respondents (59%) are not using drones on construction sites.
  • 38% of companies believe that prefabrication will give them a “strategic advantage” over competitors.

Chortek’s White Paper

If you are considering replacing your existing systems, our white paper on “How to Select a New Business Management System” is a must-read.

Are you trying to decide what system is right for your business? Contact us to start the conversation today. We can connect you with the resources and the experienced people to continue to grow your business.

What is the value of your processes, procedures, and technology systems?

What is the “Value” of your Processes, Procedures and Technology Systems?

Do your “systems” include manual processes, accounting software, and Excel spreadsheets? Is integrated software missing from your list, or not being used to its fullest potential? How do you think these systems will be perceived by someone considering purchasing the company? When considering the “value” of a company’s systems, business owners need to look at the procedures, processes, and software currently used. How would a prospective buyer use these systems, both right away and in the future? Here are a couple examples Chortek has encountered that highlight the value of investing in new integrated software. We’ll call them Client A and Client B.

Case Studies: Clients Using Non-Integrated Systems

Client A

With Client A, the company’s buyer was in the same industry, but had a different geographic territory. After acquiring the company, the buyer continued using Client A’s software to run the newly attained locations, but now, they are in the process of migrating critical Client A data to the new owners  system. Read More >

Cloud-Computing_web

ERP OPTIONS: On-Premise vs. Cloud ERP

ERP Options?

If you are considering a new or upgraded ERP system for your company, chances are you are being faced with many choices. As you consider your ERP options, one of the decisions you will make is whether to select a locally-installed ERP solution or one that is cloud-based. Traditionally, software is purchased and installed on computers in your company, also known as an “on-premise” system. With this type of ERP, you are responsible for managing all servers, software upgrades, and workstation upgrades, backup, etc..

However, Software-as-a-Service (SaaS) or “cloud computing” has become more prevalent as an option to upgrade your software or when purchasing new. With this type of deployment, the ERP software and its associated data are centrally managed on the Internet “cloud” by the ERP vendor, and customers access the system via a web browser.

While the difference between on-premise and cloud ERP system is clear, the type of deployment model you should choose might not be as obvious. The ERP system can significantly impact all areas of your business. It is important to consider the following key factors when weighing whether to use on-premise or cloud-based ERP software: Read More >

accounting system selection

How to Select a New Accounting/ERP System – Part 4

ACCOUNTING SYSTEM SELECTION

In Part 3, we discussed how to prepare for and conduct software demonstrations. In Part 4, we will look at how to finalize the selection of the ERP system and suggestions for a successful implementation of the new solution.

Finalize Your System Selection

After you wrap up all the ERP demos, your job isn’t quite finished. The future of your company’s technology assets, level of success, and performance now lies in the hands of you and your software selection team. Take your time and avoid feeling pressured into making a fast decision. Read More >

budget 690x215

How to Select a New Accounting/ERP System – Part 3

In Part 2, we discussed how to research possible ERP solutions and how to create a request for information (RFI). In Part 3, we will look at preparing for and conducting software demonstrations.

The software demonstration is a crucial component of choosing a new ERP system. When handled properly, the demonstration will provide you with critical information on whether the system will best fit your needs allowing you the opportunity to compare different ERP software systems in order to make the best decision possible. If handled incorrectly, the demonstration will turn into a cheerleading exercise for the vendor, nearly devoid of all useful information. Read More >

erp_web

How to Select a New Accounting/ERP System – Part 2

RFI (Request For Information)

In Part 1, we discussed creating a selection committee and document your company’s ERP needs. In Part 2, we will look at researching various ERP solutions as well as developing the request for information.

Researching Possible Solutions

Currently, there are a number of software products that are dominating the general marketplace such as:

  • Intuit (QuickBooks)
  • Microsoft Business Solutions (Dynamics AX, NV, and GP)
  • Sage 100 (MAS 90/200)
  • Sage X3
  • Sage 300 (ACCPAC)
  • Sage 50 (Peachtree)

However, you may need to look at specific, or vertical, solutions for services, retail, manufacturing, and construction from Epicor, Infor, Viewpoint, etc. Keep in mind that SaaS/Cloud solutions such as NetSuite, Intacct, and Acumatica should also be included as ERP solutions to evaluate. If you are bewildered by the claims flooding the market and every company touting itself as the most reliable, the most trusted, and the best in the industry, there are five keywords to keep in mind that will help you separate the real from the pretenders: Read More >

erp selection committee

Selecting a New Enterprise Resource Planning (ERP) System – Part 1

The Importance of Building an ERP Selection Committee and Identifying Your Needs

First and foremost, it is imperative to create a selection committee made up of individuals throughout the organization. This committee will be responsible for moving the company through a successful selection by representing its functional area, defining the software requirements, evaluating and comparing different products based on those requirements, and advocating for the product chosen. Building a selection committee has been shown to be more successful than one person in IT services, finance, or production running the project themselves.

Selecting a new ERP system can be a humbling challenge and defining proper roles and responsibilities for your internal team cannot be stressed enough. While ERP implementation teams can vary in terms of size (number of people), there are several main roles that are needed no matter the size of the company. Read More >

financial budgeting web

The Real Cost of Doing Nothing

ERP Solutions

When considering a particular plan of action for your business and its operations, you may be concerned about issues of the cost of implementing ERP solutions and related integrations. While the return on your investment is an important component in your decision-making process, other factors can be just as important. In some cases, failure to act could cost you far more than the expenses involved in putting your business plans into action. Chortek LLP’s Technology Consulting Group can provide you with a clear picture of the costs of implementing or failing to implement strategies for your business enterprises. Read More >

supply chain

Is there a weak link in your supply chain?

Supply Chain Risks to Your Business

In an increasingly global economy, keeping a close eye on your supply chain is imperative. Even if your company operates only locally or nationally, your suppliers could be affected by wider economic conditions and developments. So, make sure you’re regularly assessing where weak links in your supply chain may lie. Read More >

wifi router vpnfilter attack

Have Russian hackers broken into your home? VPNFilter attack!

VPNFilter attack –

Main stream media has been heavily covering the recent threat of Russian hackers taking over home Internet routers using an attack named “VPNFilter”.  Here is an article which lists the affected routers: “Is Your Router Vulnerable to VPNFilter Malware?

Time for a WiFi upgrade! –

As outlined in the article above, updating the router may eliminate this threat while rebooting the router may reduce the risk, if only temporarily.  If any businesses are using the routers on the list, the router should not simply be updated, but should be replaced with a business-class solution.  Routers are what connect your network to the Internet, and as such, they should be providing strong firewall and cybersecurity features for businesses. Read More >