ARTICLE -- 93% of construction firms experienced project delays due to material shortages in 2022, with an average increase in total project costs of 20% after original timelines were exceeded.
ARTICLE -- 65% of construction professionals cite data management as one of the top challenges in construction management for 2023. Unlimited storage, single click to view, permission controls, document links, accessibility to NetSuite Sandbox, and easy-to-use upload features are all needed features.
ARTICLE -- Cloud-based project management software is a future-proof technology. 73% of construction professionals believe technology will significantly improve productivity and reduce project costs in the coming years.
ARTICLE -- Managing retainage with manual processes can be challenging and time-consuming for construction companies, especially those with multiple projects. 50+% struggle and nearly a third reported that it takes 2-3 days to reconcile retainage amounts.
ARTICLE -- Late invoices can cause significant problems, leading to payment delays and reduced cash flow. Over 50% of construction companies experience difficulties collecting invoicing from suppliers on time, with an average delay of 30 days.
ARTICLE -- Cloud-based integration of financial and operational data is a game-changer for construction. Construction companies can make better-informed decisions, reduce costs, mitigate risks, enhance collaboration, and scale their businesses.
ARTICLE -- One way that construction companies can better manage project tasks and resources, no matter the project size, is with a Gantt chart form built inside Oracle NetSuite ERP, the world’s #1 cloud ERP.
ARTICLE -- Construction management solutions take the complexity out of contract administration, resulting in less profit erosion, fewer manual tasks, and stronger relationships with customers, suppliers, and partners.
ARTICLE -- More builders are deploying automated construction management solutions that seamlessly integrate with their NetSuite ERP. Wondering if an automated construction management solution is right for your company?
ARTICLE -- More and more residential, commercial and industrial builders are deploying automated construction management solutions. Here are eight things to look for in an automated construction management solution for NetSuite
