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.

Get Ready for Vantagepoint, the Breakthrough Project-focused software solution.

Built specifically for professional services firms to improve productivity, boost collaboration and increase profitability.

People and projects are the heart and soul of your business. That’s why Deltek created Vantagepoint, a powerful, intuitive solution that helps your people manage your projects from start to finish. Deltek Vantagepoint’s 360-degree view of your projects puts client, project and financial details in a single location. That all adds up to making well-informed tactical and strategic business decisions and a more efficient, productive and profitable company.

Deltek Vantagepoint is the newly branded, freshly reimagined next version of Deltek Vision built specifically for professional services organizations. Think of Vantagepoint as Vision taken to a whole new level – a streamlined browser-based interface, reengineered workflows and expanded functionality. With Vantagepoint, current Vision customers will get everything you’ve always loved about Vision and much, much more all in a slick new interface that will be accessible to anyone, anytime from anywhere.

Download the Product Guide to find out the new features and powerful enhancements based on years of feedback from our customers.

 

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5 Reasons your Business needs Project Information Management

Make your move to effective data and information management. Emails, drawing, contracts, RFIs…

As an Architecture, Engineering or Construction firm you will produce and handle thousands of documents, but how do you effectively manage them to ensure project success? You’ll need to define and adopt clear project information management processes and systems, but finding a starting point is your first challenge.

Download our eGuide where we begin to explore the importance of managing business and project information effectively and how to get going.

Streamline Service Delivery with Deltek Vantagepoint

Projects are critical to the success of every architecture and engineering firm and you need a solution that puts your people and projects at the center of your business. Challenging economic times increases the need for efficiency in service delivery & business operations.

Deltek Vantagepoint gives A&E firms insight to maximize productivity, boost collaboration, improve efficiency and increase profitability. Trusted by thousands of A&E firms around the world, Deltek is an industry leader for project and financial management solutions built specifically for the way A&E firms work.

Download Deltek Vantagepoint product brief to learn how to streamline Service Delivery and power your project success for your firm.

 



 

How to Implement a Successful Project Information Management Strategy

This eGuide is designed to put architects, engineers, construction consultants and contractors on the right path when it comes to introducing the processes and systems needed to tame the mass of information and data related to their business and projects. We’ll give you 7 actionable steps that will enable you to manage both organisational and project information efficiently.

We’ll show you how to implement best practice, starting with an audit of your current information management processes through to system selection, stakeholder buy-in, implementation, change management and measures of success. Adopting a PIM strategy is easily achievable, particularly when you follow this step-by-step guide.

Download eGuide here