Product News

u003ch5u003eNow, ServiceTrade customers can benefit from higher visibility into project performance and gain the real-time insights they need to manage costs.u003c/h5u003ernNovember 15, 2022 – ServiceTrade is announcing u003ca href=u0022https://servicetrade.com/features/project-management/u0022u003eProject Managementu003c/au003e, a game-changing new capability to centralize and manage critical project management workflows.rnrnhttps://player.vimeo.com/video/770807766rnrnu0026nbsp;rnrnFor service contractors, many projects struggle to generate meaningful profits due to reactive processes where cost overruns are identified too late, change orders aren’t communicated to customers promptly, and the lack of real-time data burdens tech productivity.rnrnAgainst this backdrop, project teams are leaning more toward visibility and collaboration tools to improve delivery. In fact, newu003ca href=u0022https://servicetrade.com/mechanical-industry-benchmark-report/u0022u003e researchu003c/au003e shows that mechanical contractors that do more proactive work and on-budget projects u003cbu003egrow 122% faster u003c/bu003ethan their peers that focus on reactive, service-call-oriented, and project work.rnrnYet many project managers still toil away on spreadsheets, rely on accounting systems that focus only on accuracy over real-time insights, or buy construction-centric tools that are too large, expensive, and administratively burdensome for their needs.rnrn“Every commercial contractor wants to balance growth with profitability, yet most rely on siloed systems and reactive processes that focus on one engagement at a time at the cost of building long-term value for their client, “ said u003ca href=u0022https://www.linkedin.com/in/billymarshall/u0022 target=u0022_blanku0022 rel=u0022noopeneru0022u003eBilly Marshall, the CEO of ServiceTradeu003c/au003e. “That’s why we created Project Management—providing higher visibility into project performance and delivering real-time insights commercial contractors need to manage costs and exceed customer expectations.”rnrnu003cbu003eProject Management Highlightsu003c/bu003ernrnWith Project Management, every contractor who sells budgeted projects alongside maintenance and inspection services now has a centralized customer operations platform to deliver long-term value to their customers from installation to invoice.rnrnProject Performance Reporting is at the heart of Project Management. This dashboard goes beyond the financials to provide real-time, real-world insights about everything from budgets, change orders, progress billing, and live technician updates.rnrnWith Project Management -rnrnDeliver projects u003cbu003eon budget and tracku003c/bu003e with a unified view of financial and operational progress. With Project Management, it’s easier to catch issues before they become cost overruns.rnrnu003cimg class=u0022alignnone size-large wp-image-59863u0022 src=u0022https://servicetrade.com/wp-content/uploads/2024/03/ST-WIP-Screenshot.pngu0022 alt=u0022u0022 /u003ernrnKeepu003cbu003e everyone up to speedu003c/bu003e, from finance to project managers to the field techs delivering the work. With Project Management, real-time data equals better decision-making.rnrnu003cimg class=u0022alignnone size-large wp-image-59901u0022 src=u0022https://servicetrade.com/wp-content/uploads/2024/03/ServiceTrade-Project-Management-Screenshot-Service-Link.pngu0022 alt=u0022Project Management for Service Companiesu0022 /u003ernrnu003cbu003eOperate flexiblyu003c/bu003e. Project Management seamlessly integrates with ServiceTrade, so your front office team and techs have a single platform for all their work.rnrnu003cimg class=u0022alignnone size-large wp-image-59922u0022 src=u0022https://servicetrade.com/wp-content/uploads/2024/03/Project-Manangement-Scheduling-1.pngu0022 alt=u0022Project and service managementu0022 /u003ernrnu003cstrongu003eFor Example -u003c/strongu003ernu003culu003ern tu003cli aria-level=u00221u0022u003eA mechanical contractor can easily manage upgrading and replacing multiple rooftop units on an office building with numerous phases and milestone billing.u003c/liu003ern tu003cli aria-level=u00221u0022u003eA fire and life safety contractor can tightly control their costs on extensive, multi-week inspections, so they don’t blow their budgeted labor costs.u003c/liu003ern tu003cli aria-level=u00221u0022u003eAn electrical contractor can quickly identify issues in the routine maintenance of a large generator system, quote the repair, and manage the budgeted scope all in one platform.u003c/liu003ernu003c/ulu003ernu003ch4u003eu003cbu003eFeature Availability u003c/bu003eu003c/h4u003ernProject Management is built natively on ServiceTrade’s platform, and select features are available today for all users on their Premium and Enterprise plans.rnrnFeature Listrnu003culu003ern tu003cli aria-level=u00221u0022u003eDetailed (or discrete) cost tracking – Available nowu003c/liu003ern tu003cli aria-level=u00221u0022u003eRealtime progress reporting – Available nowu003c/liu003ern tu003cli aria-level=u00221u0022u003eBudget Management – Q1, 2023u003c/liu003ern tu003cli aria-level=u00221u0022u003eChange Orders – Q1, 2023u003c/liu003ern tu003cli aria-level=u00221u0022u003eProgress Billing – Q1, 2023u003c/liu003ern tu003cli aria-level=u00221u0022u003eProject Performance Reporting – Q1, 2023u003c/liu003ernu003c/ulu003ernLearn more at u003ca href=u0022https://servicetrade.com/features/project-management/u0022u003eservicetrade.com/project-managementu003c/au003e