7 Industries That Can Benefit From Construction Technology Solutions
While every industry has specific operational needs, some aspects of business management apply to every company. A few examples include project costing, payroll, billing, and financials.
All of these daily tasks need to be accounted for by business, and implementing cutting-edge construction technologies can help better manage all goals, challenges, and needs.
Whether you’re a general contractor trying to assess subs and project responsibilities or an electrical technician looking to simplify your installation and service management, having the right construction technology solutions at your disposal lightens your workload over time, among other benefits.
Construction management software offers a wide range of tools and features that can directly impact your company’s productivity, communication, and finances. At Software Consultants, we specialize in connecting businesses with the right software solutions and work with a range of contractors.
Here are seven industries that can directly benefit from all the innovations that construction technology solutions have to offer!
1. General Contractors
One of the biggest innovations with construction technology is all the custom reporting tools users can take advantage of.
And perhaps no occupation stands more to gain than general contractors. Small to mid-sized contractors can utilize innovative construction software technologies to obtain a crystal-clear picture of their entire operations, from financial information to custom reports that break down all the complexities and intricacies of real-time operations..
Custom reporting tools include:
- Customizable user dashboards that serve as a one-stop-shop for accessing, sharing, and editing all detailed reports
- Real-time estimated versus actual cost reports for superior financial management
- Custom bond report generation that details all bookkeeping elements to help obtain proper funding for projects
- Arrangement options for select analytics that oversee job statuses, project phases, date ranges, cost codes, inventory updates, and more
Industry reports are just one of the ways construction technologies are helping general contractors better assess their needs and goals.
2. HVAC Contractors
HVAC contractors tend to oversee essentially every aspect of daily business operations. With so many duties at hand, it’s easy to understand how overwhelmed these contractors can get, especially when it comes to carrying out various accounting, invoicing tasks.
That’s where construction and service management software comes in handy, allowing HVAC contractors to automate a number of financial chores, so they can stay better focused on all their other management functions, along with tracking the details of their clients and equipment.
With construction technology solutions, every HVAC contractor can automate payroll, invoicing, project quotes and estimates, and several other financial obligations, without sacrificing accuracy or precision. Utilizing popular mobile tools, such as Sage Service Operations, gives contractors industry-leading solutions that put everything a technician needs right in their hands.
3. Electrical Contractors
Just like HVAC contractors, electrician companies are often complex operations, making it easier for business owners to stretch themselves too thin if too much manual data entry is continuously conducted.
Streamlining business operations is crucial for electrical contractors to gain more oversight and control over general ledger functions, which is why innovative construction technologies are also applicable to electricians. This industry also relies heavily on mobile technicians and paperless tools.
Construction management software also aids electricians with a wide variety of service management tasks, such as:
- Quickly handle or issue service contracts
- Manage service routes and dispatch coordination
- Generate billing or contracts on project sites
- Instantly schedule service agreements and draft warranties
- Receive overbooking notifications
- Choose various billing options, such as individual items or flat-rates
- Transfer hours from service work orders to payroll
- Receive warnings or notifications of any outstanding or past-due balances with clients and more
Construction management software also grants users intimate access to detailed summaries of all aspects of company financial information, such as sales, cash receipts, disbursements, transactions, invoices, and more.
With a few clicks of a mouse or swipes on their phone, electrical contractors can access, download, or store all financial records in one accessible, secure place, rather than shuffling them away to another over-packed file cabinet.
4. Plumbing Contractors
For many plumbing contractors, using the bare minimum when it comes to bookkeeping and accounting tends to be the industry norm.
Specifically, many plumbing companies resort to using Quickbooks for sheer convenience and affordability, which may seem fitting at the time. But in reality, they’re missing out on many intricate and customizable accounting management tools.
For starters, Quickbooks is essentially a glamorized spreadsheet, whereas utilizing comprehensive construction management software gives plumbing contractors complete control over all aspects of their accounting operations.
From streamlining operations to actively collecting financial data to custom reporting, construction management software as an alternative to Quickbooks can help any plumbing company looking to advance accounting software capabilities.
5. Concrete Contractors
Like many in the trades industry, concrete contractors tend to be predominantly DIY-focused and structured. This can also mean a hesitancy to adapt to new technologies or solutions that could ease their workload.
With so much time dedicated to a wide range of projects and chores, why would any concrete contractor want to take on the burden of learning a new project management software? Fortunately, having access to innovative construction management software also means having a support team to get you well-acquainted with your new technology.
Contractors can even take advantage of on-site training services to sufficiently instruct them on optimizing their software features while learning all the ropes in no time.
6. Mechanical Contractors
Labor resources are always on the go, traveling from job site to job site while juggling the various needs of their expansive list of clients. Such extensive traveling requires mechanical contractors to have updated construction management software, specifically mobile technologies and solutions.
Mobile payment technology has revolutionized essentially every industry that deals with invoices and contracts. It’s especially useful for mechanics that receive a variety of different forms of payment for both funding and compensation.
From accepting payments anywhere to improving cash flow, mobile payment technologies are just another example of how construction project management software can improve overall operational efficiency for mechanical contractors.
7. Fire Protection & Inspection Contractors
With fire protection, optimal organization is an absolute must, especially with so much at stake within their profession. Like the other speciality subs, managing installations and service work is paramount.
One last premier feature of industry-leading construction management software is converting to a paperless system that makes it easier to instantly access or share essential information amongst staff or with clients. Gone are the days of sifting through infinite stacks of paper or sorting through one file cabinet after another to locate a crucial document or receipt.
Paperless construction software allows its users to organize all of their operations as they see fit while committing to a more eco-friendly approach in the process!
Get Innovative Construction Management Software
There are seemingly endless opportunities to improve business operations through innovative construction management software, from tracking project costs to enhancing client communications.
Sage 100 Contractor is a premier managerial resource for businesses of all industries and construction service sizes, and Software Consultants can seamlessly integrate this system into your current occupational proceedings.
Contact our software experts today to learn more about how Sage 100 Contractor will take your management potential to the next level!