How Does Your Firm Stack Up?

AEC firms have most definitely had to either pivot or fold during a challenging 2020. From remote working, lack of travel, and client’s scaling down many firms have truly seen and experienced it all, and through the chaos, have persevered.

There are four main key learnings that have surfaced from the COVID pandemic, and there surely will be many more to come as we continue to navigate through the changed business landscape.

Here’s four key learnings that hold true for AEC firms:

1. Keep Up On Industry Trends
It is vital to keep a pulse on the industry within which your firm operates. Follow reliable external sources of information and be agile enough to adapt your KPIs based on performer benchmarks that you are following.

2. Work Smarter
Save time where possible. Identify areas in your organisation that are keeping your employees from working optimally, and ensure these are addressed.

3. Maintain a Team Culture
It is vital to maintain your culture, even when interacting with employees virtually. It protects your organisation’s identity, and helps to motivate employees.

4. Connect Your Remote Employees
Consider cloud solutions that create a safe and secure working environment for remote employees.

Compare your firm to others in the industry globally by downloading your A&E Industry Report Scorecard below:

“86% of organizations see failure to digitize and automate business inputs as a key transformation bottleneck.” 

There is no denying that 2020 has been a year for the books. Within the Architecture, Engineering and Construction industry, project managers, engineers, surveyors and more have shifted their processes to accompany a more diverse, remote way of working. Creating and processing information may have been a struggle prior to 2020, and now with a workforce that can be partially or even fully remote, inefficiencies with project information management can certainly come to the forefront.

In this whitepaper, you’ll discover solutions to some of the AEC industry’s most common challenges with managing project information, particularly when managing information remotely.

How to tackle project information management:

    • Identify process holes within your organisation
    • Review your data management approach
    • Take stock of on-site practices
    • Have the hard conversations

76% of companies experience significant business risks and/or compliance incidents due to broken document management processes. 

Silversoft conducted a survey to engineering and consulting industry players with the aim of bringing you key trends and insights from the South African industry.

  Get your free copy of the survey results to benchmark your firm against others in the industry when it comes to your document and email management processes.

Some key trends the survey highlights:

    • 62% of respondents said that their firm stores emails and files in the cloud
    • 36% of respondents said that they spend 1-2 hours per week searching for important project information
    • 94% of respondents said that their firm stored project information in a central location

Finance has the important task of supporting the organisation in delivering profitable projects to clients.

Architecture, Engineering and Consulting companies are undergoing rapid transformation and businesses are moving at an accelerated pace in order to keep up. The recent need for mobility coupled with increased competition and demand from clients puts pressure on margins. This has made it it increasingly important to deliver projects on time and budget whilst ensuring efficient finance processes.

This report will provide you with best practice recommendations to consider applying to your business.

Consider these four areas as the foundation for sound financial management:

    • Manage Working Capital
    • Control Costs
    • Accelerate Month End
    • Provide Accurate Reports for Decision-Making

To seize the new opportunities of a changing world, A&E firms must embrace new technologies

The Deltek Clarity A&E study was conducted between 26 February and 24 March 2020, surveying 600 decisions-makers in the Architecture and Engineering industry. Key issues impacting on the A&E industry were uncovered. On a macro level, the world is in flux. While this study was conducted before the global health crisis that has dominated 2020, the results remain indicative of the key trends for the A&E sector and provide valuable insight for stakeholders keen to prosper in these times of uncertainty.

The key trends in this report:

    • Firms of all sizes want to leverage the benefits of technology to improve business processes
    • There is a willingness to embrace technology, but there is uncertainty about how to proceed
    • Senior business leaders face a dilemma as to the best path to profitability, and how technology can be enable that journey

Get the full e-Guide below.

Find out how to benchmark your firm against 700 global architecture and engineering firms

Deltek has surveyed leaders in the architecture and engineering industry for over 40 years. With over 700 responses, the Deltek Clarity Report identifies the key industry shifts that are transforming the A&E industry globally.

An effective way Architecture, Engineering and Construction firms can measure their performance is through objective benchmarking against similar firms in the industry. Get all the data you need to benchmark your firm, thereby allowing for easier analysis of opportunities or challenges within your firm.

Key highlights from the report:

59.8% increase in utilisation rates.

13.8% increase in employee turnover.

14.4% increase on average operating profit on net revenue.

Leading Architecture Firm takes Business to the next level by moving to Deltek Vision

With more than 140 employees and $24 million in 2007 total revenue, Eppstein Uhen Architects (EUA) is a thriving architecture firm serving corporate, healthcare, public, retail and senior living markets.

When the company’s growth clearly warranted the implementation of a client relationship management (CRM) system, they attempted using a homegrown solution through Outlook. But to make it work they had to manually transfer project and client data into an accounting system to pursue opportunities and even track basic client information.

Eppstein Uhen once again looked to Deltek for a solution. They learned that Deltek Vision, a fully integrated solution that combines a complete project accounting system with an integrated project management and CRM solution, provided all of the functionality that Eppstein Uhen had been seeking.

Download the Case Study to read more.

Deltek PIM helps architecture firm improve efficiency and streamline workflows.

Download Case Study below.

H&E Architects, is a progressive team of 16 architects and designers who punch above their weight in a number of ways. The practice has been operating from Sydney for the last 20 years and boasts a diverse range of work from major airport terminal buildings to luxury apartments and some of the most internationally renowned hospitality venues, including the Sydney Opera Bar.

With more than 20 years’ experience in the sector and 15 years as a registered architect, Co-director Glenn Cunnington is a recognised leader in the field of BIM and information management. Responsible for the operations of H&E Architects, Glenn has always had a vision that the business should take full advantage of technology to drive efficiency. Glenn always knew that he wanted to run the operations of the practice through a single platform and realised that this vision could be a reality with Deltek Project Information Management (PIM).

Download the Case Study here.

 

Scott Carver is an Architect design studio based in Sydney offering strategic insights through urban design, architecture, landscape architecture and interior architecture services. The management team has a broad range of experience designing and delivering projects across many markets including civic, commercial, hospitality, public domain, residential, retail, sports, and tourism.

The culture is collective, ambitious and one where innovation and change is embraced in the pursuit of excellence in outstanding architecture and design. The company was keen to implement an integrated system that would provide a platform for all of Scott Carver’s activities and selected Deltek Project Information Management (PIM). Since implementing Deltek PIM, Scott Carver has been able to gain access to one version of the “truth”, centralise project data, improve worflows and audits, and enhance relationship management.

Download the Case Study below to read more

 

 

Top Architectural Firm HKS, optimises Financial Management Processes & Profit

With more than 935 dedicated and experienced professionals, HKS has positioned itself as a world leader of architecture and design, delivering innovative and client-inspired structures in over 1,100 cities around the globe. Consistently thought of as one of the most respected firms in the United States, HKS operates from 30 offices
located throughout the U.S., Mexico, China, India, UAE, Brazil and the U.K.

Despite its incredible track record of success, HKS recently experienced challenges that rose from two opposing forces: the turbulent economic backdrop and the firm’s own success and expansion.

“With the economy the way it is, not a lot of clients are rushing to build new hospitals or sports stadiums— meaning the competition to win those jobs is pretty tough,” says Jack Clark, Vice President of Business Systems at HKS. “We knew we needed good, sound business processes to be able to go in and successfully win projects.”

Download the HKS Architecture Business Case Study to learn more.