Describe the Top Two Mistakes You See a Lot of Your Prospects Making
The Top 2 Mistakes AE Firms Make
When you're running an architecture and engineering firm, your to-do list can get as long as a CVS receipt - you need to track projects, log time, record expenses, handle invoicing and collections, and so much more. It's almost impossible to keep track of everything!
Some project managers have a lot of work to do. And in the middle of it all, sometimes they make decisions that are not good for the company in the long run. After almost two decades of providing software to the AE industry, here are the top two mistakes most AE firms make.
1. They Keep Missing Revenue Opportunities
Some engineering and architecture firms make the mistake of using sub-par tracking systems, which causes them to lose thousands of dollars in revenue.
If you're not managing your overhead properly, it's going to cost you dearly in the long run. Your projects will be delayed, and you'll have to spend more money than necessary. It's hard enough to get paid for your work without having these extra problems!
We saw this firsthand at a firm we were working with. They let thousands of dollars fall through the cracks either because they're over a year old or the project was completely closed out. They keep on missing out on opportunities and let pure profit disappear down the drain.
2. They Rely On The Wrong Project Management Software
Other firms make the mistake of doing their project management in QuickBooks. While it is a great software for integrating, it's not designed specifically for AE firms.
When you set up your expense accounts and let QuickBooks define them for you, it puts all of your labor into a single expense category rather than being broken down between direct labor and indirect labor.
This will cause a major problem for you, especially if you're a consulting firm. And because QuickBooks doesn't have a time tracking feature, you'll have a hard time finding a way to track your time. These types of project management software are designed too generally to appeal to most businesses.
What we created is tailor-made for the project management needs of AE firms.
There's A Solution Built Specifically For You
BaseBuilders is an easy-to-use software program that gives you all the tools you need to stay on top of your finances and projects. We help engineering and architecture firms calculate overhead factors correctly, so they can bill clients accurately from day one.
This means less time spent over invoices at the end of a project, which means more time getting things done! Our expert solution makes it easy for everyone involved with your projects to see what's going on at any given time!
BaseBuilders was built specifically for Engineering and Architecture firms, so you can take control of your project management with ease. With BaseBuilder's easy-to-use features like automatic time tracking, billable items list, contract templates, and more - staying organized has never been easier.
Take the first step towards solving all those headaches and test drive this software today!
