Vital project measurements such as Work In Progress, Cost to Complete, Over/Under Billing, and Earned Revenue are available on a single screen. And because the accounting and operational applications of Spectrum work together, you can drill down into both the financial and logistic details of a job to quickly address problems and identify areas for improvement.
Better communication between the participants in a project results in a better executed project. Spectrum helps you ensure that everyone you work with—owners, architects, subcontractors, vendors—all have access to the latest project information. Spectrum’s Project Management Plan Room gives you a cloud-based platform to share project documents, to send, receive, and track communications between project participants, and maintain an accurate audit trail of all project activity and correspondence. Plan Room is free for your partners, who simply log onto a project page over which you maintain complete control.
Auditing in real-time. Construction companies win jobs from bidding on them. To win a job, you need to submit an accurate and competitive bid. Today, in most construction companies their pre-tax net profit is between 1.4 and 10%, varying on the type of contractor. We give you solutions to have detailed accounts on what each piece of work is costing, by the cost type, so you can estimate better and WIN MORE JOBS. Keep your eye on the prize-let us take care of the rest.
Active Business Intelligence Reporting capability is built into Spectrum across all applications through a variety of tools. Hundreds of industry-standard reports are available, and we provide you with the tools and training you need to modify them or build your own from scratch. As a Spectrum user, you can access every data element in the system to build just about any view of the business you need. Dashboard apps serve as graphical real-time reporting elements, keeping vital business and project data front- and-center. And from many Spectrum screens, you can export tabular data directly into an Excel® spreadsheet with the click of a button.
With Spectrum, business intelligence doesn’t end with reporting. Spectrum’s Workflow feature lets you turn passive reporting into action. Spectrum Workflow gives you the ability to determine the way information moves throughout your organization and define the actions that need to occur in order to keep work flowing smoothly. Individuals across your organization are alerted when the ball is in their court, and man- agement can see how tasks and projects are progressing.