Perks of going digital in your construction business

Construction management isn’t easy. As a contractor, you’re in charge of decision-making, scheduling, planning, budgeting, delegating, and paying out your subcontractors. There are so many moving parts involved in managing and completing a project that it can make anyone’s head spin. 

The construction industry itself has traditionally been slow to adopt digital technologies, and this is changing rapidly as more and more businesses recognize the benefits of going digital. A few of the perks to going digital include improved efficiency and accuracy, better collaboration and cost savings, higher employee and customer satisfaction, and much more. If you’re wondering how you can digitize your business and streamline your processes, read on to find out some of the benefits, and how Flume can help you reach your goals. 

Increased Efficiency

One of the biggest perks of going digital in your construction business is increased efficiency. Digital tools can help you streamline your processes, reducing the time and effort required to complete projects. For example, you can use digital tools to create 3D models of your projects, which can help you identify potential issues before work begins. Identifying issues early in the project lifecycle can save you time and money on costly rework and delays.

Cost Savings

Many contractors are now starting to use apps to track their expenses, people, documents, and payments. New apps are constantly being developed allowing contractors and renovators to manage one or more of these functions together. With Flume, you’ll be able to manage your projects, people, documents, and payments all in one place - reducing the number of services and apps you need, and simplifying the running of your business. Flume allows you to manage your network (such as your customers and subcontractors), organize projects, store documents, send estimates and invoices, and send and receive payments. Contractors can also benefit from the huge savings they will receive by making bank transfers using the Flume app.

Improved Accuracy

Many contractors are still working out their plans and projects on paper, and planning their jobs while on the job. This can result in costly mistakes and confusion with your subs. Using digital tools to create and share plans with your subcontractors can reduce errors and mistakes, resulting in more accurate plans and specifications. This can help you avoid costly rework and delays, and improve the quality of your work. To improve your accuracy, use a project management app that helps you delegate your work, and allows you to share your project plans and blueprints with your team.

Improved Sustainability

Many general contractors still collect lien waivers, w9s, contract agreements, permits, and many important documents in paper! And, the #1 form of payment in the construction industry is still the paper check. All this paper is bad for the environment and creates unnecessary manual filing time and potential storage costs. Digital tools or apps can be used to track and optimize document storage, helping construction businesses to reduce waste and minimize their environmental impact.

Switching to a digital app like Flume, you’ll be able to collect, upload, and organize all of your important documents under your projects. Not only will you have your paperwork at your fingertips when you need it at the job site, you’ll be saving yourself any headaches  from lost or misplaced documents, and eliminating paper waste! 

Competitive Advantage

By adopting digital tools and processes, construction businesses can differentiate themselves from competitors and stay ahead of the curve in an increasingly digital industry. Click here to read about the construction trends in 2023.

Embracing digital technologies will help improve your efficiency, accuracy, costs, and sustainability, giving you a much-needed competitive advantage over other construction businesses.

Next Steps

If you haven't done so already, it's time to go digital and start reaping the many benefits to your construction business. To begin your digital journey, sign up for Flume and get three months free! With the Flume mobile app and web interface, you can organize your projects, seamlessly send and receive payments, and store all of your important documents. We understand being a construction business owner can at times be a bit chaotic and overwhelming, and we’re ready to help you turn that chaos into cash flow with a simple switch to Flume. Sign up today in the App Store or at www.flumepay.com!