Putting Numbers on the Knowify Productivity Improvement

It is nearly impossible to make it through a day without encountering an eye-roll-inducing product claim. You know the kind: Younger! Smarter! Healthier! Richer! Marketing language has extended so far into the realm of the preposterous that most of us are immune to it.

But it’s one thing to make a claim, and another thing entirely to back it up with numbers. We here at Knowify have long promised productivity increases – but what does that mean exactly? Is it a soft, wishy-washy claim that you’ll feel more organized and ‘productive’, but mostly business will roll on as usual? Or does it mean a significant change in your business processes in a way that will lead to efficiency, growth, and (hopefully) business transformation? Here’s what the data have to say:

Companies take on 20% more jobs by the end of their first year

Chart showing how companies using Knowify can take 20% more jobs after 6 months in the platform

Even if we ignore the implementation period – the first 3 months as new Knowify accounts get started – we’ve found that Knowify customers tend to add an additional 20% in job volume by the end of their first year on the platform. That’s a lot! Importantly, we see the same increase no matter where we look: top decile, quartile, or median. Businesses that use Knowify have done very well during this period of construction strength. When we talk about productivity, growth is our objective. The whole point of getting more efficient in the office, more professional in your interactions with clients and counterparties, is so that you can grow your business.

Sure, you could probably take the productivity gains and use them to slightly expand margins – but the best contractors seem to realize that freed up capacity and improved performance insights mean that they can now turn to expanding their businesses. Why rest on your laurels as a profitable $2,000,000 business if you can push toward being a $5,000,000 business? We are very pleased to be a part of our customers’ journey toward that sort of goal!

Analysis Details:

This analysis has taken into account 104,000 anonymized jobs managed with Knowify over the last 2 years. Combined, these jobs amount to almost $3B in contract value. The study has been performed by Núria Macià, PhD in Data Mining, and Alexandr Kovalev, Computer Science student at Fordham University.

Screenshot from the Knowify web app displaying a project plan with tracking information.

Project Costing and Tracking – Two Things That Belong Together!

Business people who work consistently on fixed-priced contracts learn early on that the profitability of their business depends on two things: the quality of their job costing analyses and their project management/execution. Surely Microsoft helped many businesses – and saved many an envelope – when it introduced Excel in 1985. But this is 2018 business, not 1985, and using Excel to cost out your projects and run them is going to put you at a disadvantage vs. competitors that are using modern technology. While Excel can do a fine job calculating your cost estimate from your line-by-line manual entries, it will in no way help you translate your estimate to actual real-world activity, nor will it give you any insights (absent further manual entries from you) into how you’re performing on your project. Worse, as we all know, everything in Excel is subject to human error: accidentally messing up a formula or misentering even a single field could cost yourself thousands.

Enter Knowify project management. We bring job costing and project management together in a simple yet incredibly powerful way to ensure that you can produce a precise job cost estimate AND track, on a continuously updated basis, your performance against your targets.

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Onboarding Knowify

This week we are taking a break from our “Feature of the Week” to highlight the most important features and settings when getting started with Knowify! Onboarding Knowify is an important process. It can be fun, and even therapeutic, organizing your business to fit into our system.

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Feature of the Week: Setting Permissions

When adding a new user to your Knowify account you are presented with many options to choose from in order to set up their permissions and access to Knowify. Selecting the correct options will ensure that your users are set up with only permission to access the parts of your Knowify account that you would like to grant them access to.

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Knowify goes Bold

Last week, our Co Founder, Daniel de Roulet was selected for an exclusive interview with Bold Business. We are honored to be a company hand picked as a Bold Business, using technology to innovate and revolutionize the way the construction industry works.

Bold’s mission is simple: to encourage, communicate and enable Bold Business Ideas and Actions that Build a Better World. They believe that bold ideas lead to bold actions that deliver amazing societal impact – and we could not agree more!

Be sure to watch coverage from the interview:

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Manage Job Phases Seamlessly

We are thrilled to announce the official release of the improved Manage Job Phases section. Now you can easily manage phases across multiple jobs and make sure you are not missing anything at the phase level. With this new section, located inside Contract Jobs, you will be able to make your project management even more productive!

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What is business software and where did it come from?

Busi­ness own­ers are often con­fused by the term “busi­ness soft­ware” or “busi­ness man­age­ment soft­ware,” so here is a brief his­tory of how busi­ness soft­ware came to be, what it is today, how it can help your business.

At the core of every busi­ness has always been its gen­eral ledger. As you prob­a­bly know, entries used to be recorded by hand before 1961 when the first large-scale com­put­er­ized account­ing sys­tem was intro­duced by IBM. This sys­tem was called 9Pac, and it was one of the first sys­tems to track the sales of every sales­per­son in a company.

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Introducing Knowify 3.0

Meet Knowify 3.0 – a sleek, glossy, user-friendly platform that will help you with running your contracting business in an efficient and professional manner.

We are still the Knowify you know and love with our classic construction features such as bids, change orders, and progress invoices, allowing you to seamlessly transition from paper to online-based processes. However, with your feedback, we’ve polished it and made it even better. Today, we release Knowify 3.0 with the goal of going one step further: providing you with the business intelligence that will give you an edge in the market.

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Feature of the Week: Communicating with your Team in the Field

With your team all onboarded to Knowify , communication is so easy! We provide many ways for you to communicate with the rest of your team and for them to communicate with you. You can connect with your team through comments on jobs, uploading photos, scheduling, and push notifications.

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Feature of the Week: Custom Proposals

“You never get a second chance to make a great first impression.” We have heard this time and again but sometimes we forget just how much that first impression matters in our businesses. While you may be the best around, if you are not organized, using up to date technology and professional, it will show through your bid, and you will surely lose some potential clients. Your bid is your true first impression to your clients and how you present yourself matters. Appearing professional will help your customers trust you and show them that you take your work seriously. At Knowify, we offer a custom templating service complimentary with your subscription. The templates that we create are organized and easy to read, use the latest technology and will make you appear professional to your clients.

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