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Risk and construction projects go hand in hand. From tracking safety issues and compliance on the jobsite, to ensuring that regulatory and contractual obligations are met, to correctly accounting for all of the job costs, payments and other financial data […].
HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018. In the back office, accounting and HR teams are the workhorses that get these tasks done day in and day out. Viewpoint understands the challenges you face as an accounting, HR or other back-office professional.
Construction organizations are relying on modern software for accounting, field management, project management, bid management, design and more. Construction project managers have a lot to keep track of, and Viewpoint Team provides a needed toolset for planning, coordinating and exercising control over projects.
Viewpoint Team improves project manager data self-sufficiency by providing job cost and billing actuals data without jumping to another application. The reasons most often cited for dated information are lack of access to this data at the right time, query driven reporting and a reliance on accounting/finance for information.
Celebrate construction technology and innovation with Viewpoint at this week’s BuiltWorlds Summit , April 11-13 in downtown Chicago. More than 60 speakers and presenters—including Viewpoint—will share more than 11 hours of groundbreaking educational presentations, panel sessions and more. Connect with the Viewpoint Team.
For many contractors, the accounting enterprise resource planning (ERP) software is the system of record for data, regardless of whether it’s accounting or operations. High Costs and High Risks. Viewpoint Field View is integrated with Vista to provide a seamless data connection between the office and field.
The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers.
Human resources functions in construction — whether that means a full HR team, a single dedicated HR professional or, often, members of accounting or operations — can use technology to help automate processes, stay in-touch with field workers and save time communicating with employees. We felt like partners rather than just customers.”.
Below, we look at the six most common reasons construction jobs are delayed and how Viewpoint can help avoid them. Rushing from project to project is inefficient, and risks cutting corners. Viewpoint Construction Software may be fantastic, but weather is one of those things we have zero control over. Overbooked crew.
Contractors are finding ways to modernize their businesses with software that improves productivity and mitigates risks, while increasing their bottom line. Viewpoint believes contractors benefit from cloud-based, integrated software solutions that connect the back office, the project team and the crews in the field.
While financial information may not be as in-depth, our industry works on billion-dollar projects, with large amounts of money and account numbers changing hands on any given day. Organizations that have not invested in hardened, integrated digital solutions are putting their companies and the many clients they service at risk.
At Viewpoint, we ensure you’re always on top of what’s happening in your area. Knowing the wind chill temperature can help you gauge employees’ exposure risk. With Viewpoint integrated construction software, you can stay in contact with all your teams and projects, easily following up on safety at the jobsite.
A Viewpoint on Construction, Modern Takes on a Transforming Industry. Rather than just a taxes and audit firm, the right CPA firm can become a trusted advisor for contractors, a guide for organizational growth, diversification, technology, security, risk mitigation and much more.
But collaboration really is a culture you create or you avoid because we’re risk managers, really, and everyone’s looking to push away risk in the area, rather than embrace it. How do we embrace that risk as a team in order to best deliver our projects? Sutton: We actually completely do cloud on all of our services.
At Viewpoint and throughout the construction industry, productivity has been a popular topic of discussion. It includes coordinating with owners, architects, suppliers, subcontractors, the back office accounting and financial staff, and, of course, managing the work being done by the crews out in the field.
In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.
Rushing from project to project is inefficient, and risks cutting corners. In the back office, the accounting team sees the change updated in real time, and in the executive suite, the CFO or owner looking at real-time job costs can see changes approved changes reflected in the figures as they occur. Lack of Effective Communication.
An insightful recent article in Construction Executive , authored by one of Viewpoint’s technology partners, Nvoicepay, highlights many of the different ways modern technology and software solutions are helping construction finance professionals do their jobs better. Those that don’t will find themselves at a competitive disadvantage.
Viewpoint Client Encore Electric Honored as Nation’s Safest Construction Company. CSEA recognizes those construction companies that excel at safety and health performance, examining each candidate’s commitment to safety and occupational health management and risk control. A full list of all 57 winners is available here.
Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Reducing Risk and Increasing Safety.
Additionally, a survey performed during a recent Viewpoint webinar indicated that close to 100 percent of a construction organization’s employees have smart phones. Manage issues from the field: Keep track of project risks and issues in real time, with a simple-to-use issues log. Not a Viewpoint customer? See it in Action!
Aside from the obvious issues of being wasteful and bad for the environment, reliance on paper can lead to a host of other pitfalls : • Paper documents run a high risk of getting lost or misplaced, especially in the field. Paper has been the traditional format for plans, specs and drawings in construction. Want to know more?
Lower risk of errors and quicker mitigation of problems and mistakes when they occur. Viewpoint Field View, for example, is a cloud-based browser and offline-capable mobile solution that helps manage jobsite activities, produce field reports and facilitate collaboration on construction jobsites. Efficient project management.
Furthermore, there are risks associated with ongoing integration when one supplier changes components of their platform which may affect another. A risk with multiple vendors is that you have more exposure to the outside world and more data breach points which could be exploited. Laborious procurement.
Project managers have to account for the physical building, bridge or highway work, as well as water lines, sewer lines, electricity, rights of way and easements, drainage, environmental compliance and more. workers say communication is their team’s biggest obstacle to success, followed by accountability (29 percent).
How you manage your digital documents will determine your success in project management, effective communication, risk management and productivity. What construction needs is a digital document workflow that incorporates project management correspondence, BIM collaboration, emails, reporting, human resources and accounting.
It is more challenging, with higher amounts of risk and razor thin margins. Here at Viewpoint, our clients are the major influencers of our product roadmap. To learn more about Viewpoint and how we treat our clients, visit our customer success page. Construction is not like other industries.
Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries.
Accounting for all of the materials tickets produced by aggregate and lumber haulers can be a challenge. are streamlining the process to mitigate risks. Spectrum Ticketing (below) streamlines the processes with real-time tracking. based Midwest Concrete Materials, Inc.
In a recent podcast on the topic with cybersecurity expert Bryce Austin , principal of TCE Strategy, he broke down some of the risks lurking in the shadows. And if we let our guard down or allow unprotected pathways to unwanted interactions, we run the risk of being taken advantage of. And for cyber criminals it’s big business.
Better manage commercial risk and opportunity. Integrated construction management software, like Viewpoint’s JobPac can help streamline accurate cash flow forecasts. This takes the task of forecasting cash flow from complex, high-risk and error-prone systems to an integrated, logical and standardised process.
We decided to survey clients on our Viewpoint Network on their thoughts as to what new technology developments and concepts have them exited, why moving to the cloud is important for contractors continued success and how to best address resistance to technology changes in construction organizations.
Preparing for and managing the risks associated with those changes just comes with the territory. million jobs this year alone, which will account for roughly 10 per cent of the country’s total employment. If there’s one thing the global construction industry expects, it’s the constant ebb and flow of economic change.
In an industry as large and complex as construction, simplifying processes in any way possible can reap significant benefits for contractors in terms in of productivity, mitigated project risks and profitability. Does the software allow users to continue to work and input data, storing and synching later when connected again?
With violations often resulting in enormous fines and serious punishments (a case in point is the current ramifications of using polyethylene core-filled panels currently affecting firms in Melbourne), companies are placed in a position where they walk on tiptoes or risk putting their operations in hot water.
Put simply, disconnected systems increase risk. Integrated, cloud-based software like Viewpoint’s JobPac is helping modern contractors streamline processes and achieve higher productivity and profitability. It’s the only way to ensure that staff have quick access to the data they need in order to make informed decisions.
Contractors Should Beware of Recovery Risks. Description: Contractors face recovery risk when they take on too much work after they’ve depleted their staff, cash and other resources. Enter your print subscription account. Risk management. BONUS: ENR Future Tech & ENR Risk Review at no additional charge. Obituaries.
Each project carries a significant amount of risk including countless safety issues, stringent regulations or contractual obligations, weather delays, lack of qualified labor, subcontractor performance and inconsistent cash flows, just to name a few. It seems like Spectrum is on the forefront of construction accounting software.”
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