5 ways to protect your bottom line with Autodesk Construction Cloud
Given that margins in construction are already tight—approximately 6%—we know that the news of rising costs paired with the ongoing labor shortage isn’t an ideal environment for protecting your bottom line.
That being said, we also know that construction firms are incredibly resilient. But that doesn’t mean you couldn’t benefit from a little help. Construction platforms like Autodesk Construction Cloud can help you improve your workflows, keep teams aligned, and streamline cost management. That way, you can focus more on growing your portfolio and delivering high-quality (and profitable) projects.
Let’s look at five ways construction platform Autodesk Construction Cloud enables you to do just that.
Centralized data and connected workflows
Autodesk Construction Cloud centralizes the management of your projects’ cost-related activities in the cloud, giving your teams a single source of truth.
Autodesk Construction Cloud integrates data across different workflows so critical context doesn’t get lost along the way. Elevate an RFI or Issue to PCO to reference cost data in meeting minutes. Contracts, payment applications, and expenses can also be managed from one solution. Plus, information is automatically synced in the budget overview, which shows how your budget is tracking against the plan.
All to say that Autodesk Construction Cloud surfaces the right cost information at the right time, so you can make necessary forecasts and adjustments to stay on track. With Autodesk Construction Cloud, your cost management tools and data live in one place, eliminating the need to switch between different programs. In addition, all that information flows seamlessly throughout the entire platform, which reduces data discrepancies.
Flexible and customizable
Construction teams have different processes around cost management, so it doesn’t make sense to have a “one size fits all” solution. That’s why the right construction platform is designed with flexibility in mind, and it allows construction pros to configure the system based on their needs and preferences.
In Autodesk Construction Cloud for instance, you can customize the terminology throughout the software, so your tool and tab names align with the terms you use in your company. The connected construction platform also supports custom budget structures, enabling you to set up detailed hierarchical build-ups and custom segment options. And with segment code samples and budget code previews, you’re able to ensure accuracy in your budget management.
The platform also streamlines reviews and approvals through custom decision-based workflows for contracts, change orders, pay apps, and expenses. When documents are ready for review, you receive an automated email ensuring that users approve them in a timely manner.
Tracking project performance (ideally in real-time) enables you to quickly spot areas of inefficiency, which means you’re able to take corrective actions and optimize profitability.
This is another area where Autodesk Construction Cloud shines. The platform’s performance tracking capabilities sync data from third-party apps into Autodesk Construction Cloud’s cost management tool to connect productivity and cost data.
Autodesk Construction Cloud integrates with leading cost and project management solutions—including Riskcast, STRUXI, Rhumbix, QuickBooks Time, and ClickUp—to give you visibility into your progress and help you identify what you need to do to stay on track.
Enhanced ERP and accounting integration
Most construction firms use ERP systems to manage essential cost-related areas, including accounting and procurement.
By connecting your critical financial data between accounting and operations you can ensure that manual processes and duplicate data entry get eliminated and processes become streamlined. Autodesk Construction Cloud offers both direct and seamless integrations with leading ERP solutions, so stakeholders have better access to data, thus facilitating communication and empowering teams to make profitable decisions.
Protect your profits today
Rising construction costs and tight margins pose significant challenges, but leveraging a connected construction platform like Autodesk Construction Cloud can streamline your processes, improve data visibility, and maximize profitability.
Learn more about how Autodesk Construction Cloud helps improve your bottom line.