Construction Industry

Challenges and Opportunities Facing Construction Businesses

Whether you are in the business of residential, commercial, infrastructure, or industrial construction, your company has unique challenges due to its multi-entity structure, regulations, and labor shortages. Solver is designed to help navigate top issues for construction businesses, including the following:

• Economic Fluctuations – Construction is highly sensitive to economic cycles, affecting project funding and demand. Flexibility and future-proofing through modeling and planning are rewarded.
• Cost Management – Rising material costs and supply chain disruptions impact project budgets. Adaptability, job costing, and cost management strategies pay dividends.
• Labor Shortages and Workforce Development – There are challenges in finding skilled labor due to an aging workforce and a lack of new talent. Evaluating productivity through reporting can help foster a more efficient and profitable workforce.
• Digital Transformation – Adoption of Building Information Modeling, drones, and other digital tools has accelerated. Using cloud-based, always-on systems enhances project planning, execution, and management capabilities.

Benefits of Using xFP&A Software

With Solver's analytics and reporting features, you can use the power of data to run your business. Here are some benefits of using the Solver Suite for your construction business.

Adjusts to Your Operations and Business Goals

Thanks to its high level of configuration possibilities, Solver provides features that fit your approach to business instead of a cookie-cutter solution that cannot be modified. Create unique data fields, key performance indicators, financial reports, budgets, analysis, and dashboards that reflect your projects, services, and goals.

Drives Data-Informed Decisions

Solver provides the insights you need to make business decisions based on facts and statistical probabilities. Analyze your project profitability, business performance, and your market to make smarter choices.

Enables Proactive & Adaptive Planning

Plan ahead for market changes and optimize your strategy. Solver's forecasting capabilities empower you to plan for multiple future possibilities. Meanwhile, multiple budget iterations and automated data integration allow you to quickly adjust to any change in the market.

Transform Your Construction Business

Success in the facing of unpredictable economic headwinds depends on smart, data-driven decisions and planning. Solver helps your construction company prepare for the future by helping you do more than just bandaging a problem and hoping it will work.

Get the Full Picture To Drive Decision-Making

Solver becomes the single source of truth for your company by integrating data from enterprise resource planning (ERP) platforms, project management software, and employee payroll. You’ll get accurate job profitability data, project details, and workforce costs.

Target Architecture Billings Index (ABI) Growth

Go beyond the ABI index to visualize how it affects your construction firm’s revenue and expense models. Predict which geographic areas and business segments are impacted so you can focus on growth.

Maximize Profits With Accurate Project-Level Budgeting

Move your budgeting process to the cloud to create detailed project plans based on actual costs for raw materials. With planning process accuracy, projects at any level can stay on budget.