As more companies seek systems to simplify workflow, eliminate double entry, improve productivity and cut costs, Online Project Management Software is becoming the go-to solution. So, how are these solutions positively impacting the bottom line? In May of this year, Construction Executive Magazine ran a special section titled "Construction Finance" and asked leaders in construction technology to share their insights on this question. Our own Hemant Bhave, VP of Systemates, registered architect working in the industry for over 25 years and AIA member, was asked to share his insights on project management solutions.
- Trim the Fat!
In the construction industry, fat is paperwork, double data entry, misinformation and delayed responses. Projectmates online project management solutions trim the fat from day-to-day construction processes by bringing everyone together on a common platform.
- Reduce Project Delays.
Project delays mean less profitability. Projectmates gives you better oversight, shortened workflow processes for change orders and RFI's, automation of routine tasks, streamlined document distribution and increased accountability. With a substantially improved workflow, there is little chance to realize anything but improved productivity.
- On-the-go Access.
The need to be productive remotely is critical. Owners benefit from anytime, anywhere access to real-time information on Projectmates. Rather than waiting to get to the office, executives and project managers can act on issues from anywhere—the field, airport, or home—using a mobile device, PDA, smart phones and even the iPad.
- Information at your Fingertips.
It's time consuming to capture up-to-date financial information when it is being manually tracked in spreadsheets. Not to mention compiling reports for each project, let alone for the entire capital program. With Projectmates online solution you can get real-time reports and the latest project information is at your fingertips.
- Substantial Cost Benefits.
Construction is a paper intensive industry that spends large amounts of money and time printing and shipping. Projectmates clients experience significant savings with electronic bid distribution, and online submittals. For example, on an $8 million project, managing submittals online eliminates an average of 22,649 sheets of paper. That translates to savings of $32,000 in printing and shipping costs for submittals alone. Plus, there's an added benefit: With shop drawings that used to take three weeks are turned around in seven days. With those kinds of stats, can you really afford not to have a web-based capital project management solution?
For the full article published in Construction Executive Magazine follow the link below. http://www.constructionexec.com/Issues/May_2011/Special_Section2.aspx?pageNum=2