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Maxwell Systems Releases Management Suite to Integrate with Estimating Solutions

King of Prussia, Pa. – August 25, 2008 – Maxwell Systems, Inc.today announced that its Management Suite version 6.5.3 integrates with Maxwell Systems’ estimating solutions– Estimation Logistics and Quest Estimator. This release of Management Suite 6.5.3, allows streamlined workflow to further speed and simplify any user’s process from takeoff to cash.

Maxwell Systems Management Suiteis a comprehensive business management software solution for the construction industry. With Management Suite 6.5.3, customers can now better monitor, control, and improve productivity and profitability, by leveraging the end-to-end solution that streamlines workflow, including proposals, budgets, billing, purchase orders, and more.
 
Jim Flynn, President & CEO of Maxwell Systems says, “By designing Management Suite 6.5.3 to allow integration with our estimating solutions, we speed contractors’ workflow from takeoff and estimate, through bid and proposal, through project management and accounting, until job close and cash, and then deliver analysis of each job and the company’s work as a whole to improve future decision making. It’s how wise executives can efficiently manage a company for optimal profitability. Because Maxwell Systems’ innovations are in response to and in anticipation of customer needs, we continue to lead the industry in construction-focused integrated business management software solutions.”
 
The enhanced features and capabilities in this release include:
  • Create proposals for reporting, comparison, and forecasting. With custom proposal creation and various reporting options, contractors achieve streamlined proposal management and superior insight into pipeline activity and anticipated workloads.
  • Quickly create bid file and access bid details.Contractors can improve accuracy and efficiency throughout jobs, by easily accessing materials and subcontract bid items for buying out of the job, as well as by using database tracking of bids with detailed information capture. Knowledge and awareness is also improved with up-to-the-minute insight of company activity and improved planning, along with automatic alerts to help review, analyze, and manage bid performance.
  • Automatically create budgets and billing schedules.Contractors can eliminate redundancies and errors while speeding workflow from bid information into purchase orders, subcontracts, etc., as well as improve visibility of complicated projects and gain better control of profitability on every job. 
  • Analyze and manage job performance to bid.With the ability to view profit analysis at bid point and current position of job, as well as compare original bid estimate to current job estimate, contractors can better examine profit and cash flow.
ABOUT PRODUCTS
Maxwell Systems Management Suite is a comprehensive business management software solution for the construction industry. From takeoff through the final bid, this end-to-end estimating and accounting solution helps contractors make the most of every project. Maxwell Systems offers complete, automated estimating solutions for construction professionals, including Quest Estimator for residential, commercial, subcontracting, and sitework; and Estimation Logistics for electrical, HVAC, plumbing, and mechanical contractors.
 
Maxwell Systems Management Suite 6.5.3 is now available. For more information, call 1-800-688-8226 or visit www.maxwellsystems.com .
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Sigfusson Northern LTD

Sigfusson Northern LTD uses Maxwell Systems StreetSmarts as its job cost accounting and project management software solution. With StreetSmarts, SNL manages all of the accounting practices and job costs for their seven entities across the U.S. and Canada; maintain information in one place, in one format; manage payroll in-house; track and bill equipment expenses; and streamline workflow between the office and job sites.

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Our Story of Complete Construction Software

Maxwell Systems provides construction software solutions that help contractors to streamline workflow, increase productivity, and improve profitability. Furthermore, we understand that today's contractors must optimize processes across all business areas to gain or maintain an increasingly important competitive edge and ensure a successful business. Critical, to that end, is timely and efficient communication and information access among estimating, job cost accounting, and project management teams.

By using a Maxwell Systems complete construction software solution, you'll be able to better operate your business with increased efficiency and streamlined operations, and confidently increase profitability on every project. You will have the tools you need to accomplish more in less time; taking the guesswork out of reaching true profit potential; and improving financial stability for long-term benefit.

Why Maxwell Systems?

Maxwell Systems is truly unique with its ability to offer contractors a complete, seamless software solution that allows:

  • A new level of continuity and productivity among estimating, job cost accounting, and project management
  • Better insight, analysis, and financial oversight for owners to make informed and timely decisions
  • Improved operational efficiencies, cost reductions, and increased profits

Contractors value having an end-to-end solution from one company:

  • All applications work together seamlessly
  • Efficient access to comprehensive support and services
  • A stable technology partner committed to customer success

How Your Business Benefits

A complete construction software solution from Maxwell Systems provides end-to-end control of your business so you can see a day's profit potential at a glance, identify and prevent potential financial losses, spot discrepancies and errors, and manage projects with accurate information in real-time.

With tailored features designed to fit each member on your team, construction company management software ultimately allows your business to:

  • Attain end-to-end control and increased visibility
  • Achieve easy and accurate reporting with real-time data
  • Optimize project execution for maximum profitability
  • Streamline operations with seamless workflow

The Bid-to-Cash Cycle Explained

Managing each of the key process areas of a construction business – Estimating, Construction Accounting, and Project Management – requires vastly different talents and areas of expertise. The reality is that each of these functional groups is related and dependent on one another.

For your organization to run in an optimal fashion, the groups much work together in an optimal fashion. Together, these functional areas compromise what we describe as the Bid-to-Cash Cycle. And our goal at Maxwell Systems is to provide software for construction so you can bridge the needs of the functional groups, better manage this cycle, and so maximize profitability.

When construction estimating software, construction accounting software, and construction project management software are working together in a seamless system as a complete construction business management software solution, then a contractor is truly poised for optimal profit and productivity.

How does a complete solution fit your part of the cycle? Here are a few examples:

  • Owner: It's all about reducing waste, uncovering lost opportunity, exposing shortcomings, and maximizing resources – all which impact profit and the bottom line. With end-to-end visibility of every project, executives can hone business strategy, improve control of cash flow, and keep financials in the black with accurate ROI.
  • Estimator: Beyond estimating projects, the estimator can access more accurate information in regards to how the project actually performs. This will allow the estimator to improve accuracy on future estimates with actual labor and production rates, updated material prices, and other resource related items.
  • Accounting: Not only a company's construction accounting system, a complete solution helps to streamline the procurement processes for optimal efficiencies and produces more accurate purchasing processes. Additionally, billing processes, inventory issuances, and many other processes are streamlined. Less data entry, better accuracy, and reliable audit trail allow convenience and peace of mind.
  • Project Manager: The seamless workflow from Estimating to Project Tracking allows for a streamlined method of creating the job and then tracking performance against the estimate. Within the complete solution, the construction project management programs also provide the detail required for the Project Manager to understand what the Estimator was thinking when the bid was put together. Plus, by accessing real-time information whether in the office or in the field, the project manager can track progress, be more agile, and better handle all aspects of jobs from beginning to end.

Bottom Line

To succeed in today's competitive marketplace, construction business owners must improve productivity and have end-to-end visibility to see how jobs perform (and turn profit) from start to finish. Maxwell Systems knows construction company software and can be your partner by offering truly unique products (as well as support and services) that address the entire construction project lifecycle – from digital takeoff through final cash payment. Our seamless system provides your company with all the capabilities you need for estimating, job cost accounting, and project management, and ultimately for superior insight and analysis of your business.

Imagine the flexibility and insight by having one solution for estimating projects, for construction accounting programs, and for construction project software! All that and more in one system will help your business be more competitive and profitable.

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