IN MANY CONSTRUCTION COMPANIES,
finance is still viewed as a recording and reporting function rather than a
strategic enabler and insightful advisor for achieving business goals.
While most CFOs acknowledge the limitations of their legacy
IT systems, many have not yet developed
a comprehensive plan for a digital transformation.
With the industry’s minimal and often fragile profit margins,
the finance function is critical for linking market and operational
data to financial outcomes and
providing analytic insight to key
Through digital initiatives,
finance can deliver timely, valuable forecasts
that detail major changes in consumer or
competitor behavior as well as documented and
Digital transformation can also help contractors
establish a foundation for a company’s future by not only
providing stronger insights for better decision-making, but also
attracting a younger talent base that wants to work with
emerging technology systems and platforms.