Forecasting, Reporting, What-if Analysis for Construction

Better Manage Projects Through Deeper Analysis of Margin Fade

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Consider This For A Moment

As the construction industry continues to move from offline to digital based programs, the need for data and understanding its impact on your business is accelerated. Every day you are challenged with new decisions that impact the future, and you need information to make those decisions,fast. Whether its information about your key business metrics or its information about your jobs, you need the right data right now.

What if there was a way to bring together all your data into a single, easy to use environment, where everyone is on the same page? Where you didn’t need to rely on a Consultant or IT to get answers.

What if you could act on that data and update Forecasts, Budgets and Projections instantaneously to see the impact on your Cash Flows?

Prophix Case Study Skanska Construction
Case Study: Skanska USA Building
Prophix Infographic - Building A Better Finance Function
Infographic: Building A Better Finance Function
Whitepaper -Adopting the Right Digital Tools Opens Door to Unprecedented Growth in Construction
Whitepaper: Adopting the Right Digital Tools Opens Door to Unprecedented Growth in Construction

What if you could automatically allocate costs across projects, jobs & work orders?

Prophix’s personnel planning software helps you to quickly build personnel plans and generate total payroll costs by project, department or division. Automate complex payroll calculations like employee benefits and bonuses, overtime, payroll taxes, sick leave etc. and free yourself up to focus on the big picture. Use Prophix allocation engine to automatically apply fully loaded employee costs and other expenses of each department to projects, job costs or hourly rates.

What if you had real-time visibility into financial data that affects project timelines?

With Prophix self-service interactive dashboards, project managers can get an immediate snapshot of financial data and KPIs to quickly pinpoint projects at risk. Get deeper insight and monitor daily progress with real-time visual analytics and drill-down capability that allows you to compare actuals to budgets by any dimension, such as hours worked, raw materials usage or total costs by work order.

What if you could easily create “What-If” scenarios to model how changes to budgeted project costs affect profitability?

Control project costs and plan for new projects through what-if analysis and driver-based modelling. Evaluate the impact on project revenues, costs and profitability by changing certain variables such as utilization metrics, quality of materials used and billing rates. Seamlessly make adjustments to project budgets, forecasts and cash flow projections based on optimum scenarios.

What if you could improve collaboration between staff in the field and staff in the office?

With Prophix easy-to-use reporting software and powerful analytics, you can measure and report from the work order level up to the consolidated reporting level. Use Prophix’s workflow engine and the ability to be access Prophix from any device to share information with key project team members in the field or at the office. Automate the approval process and provide details such as project profitability, change orders, utilization, job costs and service defects.

Increase The Pace Of Your Construction Business With Automated Financial Reporting

Prophix unified Corporate Performance Management platform centralizes all your financial information and ensures your project job cost information is always in sync with your accounting. With a single source of the truth, everyone – from the field to the office, is always working with the most up-to-date cost information, preventing cost over-runs, reworks and project delays.

Together, we can build a strong finance machine.

Additional Resources

Video: Superior Construction
Prophix Budgeting Demo
Case Study: Alterman
Video: Prophix for Construction Companies

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