{"id":19332,"date":"2023-07-10T07:22:07","date_gmt":"2023-07-10T14:22:07","guid":{"rendered":"https:\/\/essential.construction\/news\/5-ways-to-protect-your-bottom-line-with-autodesk-construction-cloud\/"},"modified":"2023-07-10T07:22:08","modified_gmt":"2023-07-10T14:22:08","slug":"5-ways-to-protect-your-bottom-line-with-autodesk-construction-cloud","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/5-ways-to-protect-your-bottom-line-with-autodesk-construction-cloud\/","title":{"rendered":"5 ways to protect your bottom line with Autodesk Construction Cloud"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span><span><span><span><span><span>Given that margins in construction are already tight\u2014<\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/proest.com\/construction\/tips\/average-profit-margin\/\" target=\"_blank\"><span><span><span>approximately 6%<\/span><\/span><\/span><\/a><span><span><span>\u2014we know that the news of rising costs paired with the ongoing <\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/constructionblog.autodesk.com\/2022-agc-workforce-survey-labor-challenges-construction\/\" target=\"_blank\"><span><span><span>labor shortage<\/span><\/span><\/span><\/a><span><span><span>\u00a0isn\u2019t an ideal environment for protecting your bottom line.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>That being said, we <em><span>also<\/span><\/em>\u00a0know that construction firms are incredibly resilient. But that doesn\u2019t mean you couldn\u2019t benefit from a little help. Construction platforms like<\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/getconstructioncloud.autodesk.com\/protect-your-margins\/?utm_medium=paid-referral&amp;utm_source=construction-dive&amp;utm_campaign=pym-exec&amp;utm_audience=prospecting&amp;utm_content=text&amp;utm_region=amer\" target=\"_blank\"><span><span>\u00a0Autodesk Construction Cloud<\/span><\/span><\/a>\u00a0<span><span><span>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.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Let\u2019s look at five ways construction platform Autodesk Construction Cloud enables you to do just that.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h4><span><span><span><strong><span><span>Centralized data and connected workflows <\/span><\/span><\/strong><\/span><\/span><\/span><\/h4>\n<p><span><span><span><span><span>Autodesk Construction Cloud centralizes the management of your projects\u2019 cost-related activities in the cloud, giving your teams a single source of truth.\u00a0<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span>Autodesk Construction Cloud integrates data across different workflows so critical context doesn\u2019t get lost along the way. Elevate <\/span><\/span><span><span>an <span>RFI<\/span>\u00a0or Issue to PCO to reference cost data in meeting minutes.\u00a0<span>Contracts<\/span><\/span><\/span><span><span>, 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.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span>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.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/p>\n<h4><span><span><span><strong><span><span><span>Flexible and customizable \u00a0<\/span><\/span><\/span><\/strong><\/span><\/span><\/span><\/h4>\n<p><span><span><span><span><span><span>Construction teams have different processes around cost management, so it doesn\u2019t make sense to have a \u201cone size fits all\u201d solution. That\u2019s 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.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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\u2019re able to ensure accuracy in your budget management.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h4><span><span><span><strong><span><span>Performance tracking <\/span><\/span><\/strong><\/span><\/span><\/span><\/h4>\n<p><span><span><span><span><span>Tracking project performance<\/span><\/span>\u00a0<span><span>(ideally in real-time) enables you to quickly spot areas of inefficiency, which means you\u2019re able to take corrective actions and optimize profitability.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span>This is another area where Autodesk Construction Cloud shines. The platform\u2019s performance tracking capabilities sync data from third-party apps into Autodesk Construction Cloud\u2019s cost management tool to connect productivity and cost data.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Autodesk Construction Cloud integrates with leading cost and project management solutions\u2014including Riskcast, STRUXI, Rhumbix, QuickBooks Time, and ClickUp\u2014to give you visibility into your progress and help you identify what you need to do to stay on track.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h4><span><span><span><strong><span><span><span>Enhanced ERP and accounting integration <\/span><\/span><\/span><\/strong><\/span><\/span><\/span><\/h4>\n<p><span><span><span><span><span><span>Most construction firms use ERP systems to manage essential cost-related areas, including accounting and procurement.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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 <\/span><\/span><\/span><span><span><span>direct and seamless integrations<\/span><\/span><\/span><span><span><span>\u00a0with leading ERP solutions, so stakeholders have better access to data, thus facilitating communication and empowering teams to make profitable decisions.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h4><span><span><span><strong><span><span><span>Protect your profits today <\/span><\/span><\/span><\/strong><\/span><\/span><\/span><\/h4>\n<p><span><span><span><span><span><span>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.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><a rel=\"nofollow noopener\" href=\"https:\/\/getconstructioncloud.autodesk.com\/protect-your-margins\/?utm_medium=paid-referral&amp;utm_source=construction-dive&amp;utm_campaign=pym-exec&amp;utm_audience=prospecting&amp;utm_content=text&amp;utm_region=amer\" target=\"_blank\"><span><span>Learn more about how Autodesk Construction Cloud helps improve your bottom line.<\/span><\/span><\/a><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/spons\/5-ways-to-protect-your-bottom-line-with-autodesk-construction-cloud\/684885\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Given that margins in construction are already tight\u2014approximately 6%\u2014we know that the news of rising costs paired with the &#8230; <a title=\"5 ways to protect your bottom line with Autodesk Construction Cloud\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/5-ways-to-protect-your-bottom-line-with-autodesk-construction-cloud\/\" aria-label=\"Read more about 5 ways to protect your bottom line with Autodesk Construction Cloud\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":19333,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-19332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/19332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=19332"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/19332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/19333"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=19332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=19332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=19332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}