As the year wraps up, we’re looking back at wins that create momentum for the future. For Omnia Mechanical Group, transforming their invoicing process was a game-changer. “We’ve cut down in our receivables from about 120 days to 30 days on average,” says Jonathan Clark, Owner of Omnia Mechanical Group. With BuildOps, Omnia turned lost tickets and delayed payments into a thing of the past. Now, every job is tracked ✔️ invoices are sent faster ✔️and their business is more profitable and transparent than ever 💪 Omnia's story is proof that when you bring clarity to your operations, you’re not just saving time—you’re building a business that’s ready to thrive in the year ahead.
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Think of all the things that prevent an ideal speed-to-invoice in your contracting business. paper tickets, data entry, delays in info making it to your desk, consumed inventory not being properly documented...and probably a lot more. Now imagine them all no longer being obstacles. Both invoice accuracy and speed are increased. Cashflow is improved. 2025 is looking better and better.
As the year wraps up, we’re looking back at wins that create momentum for the future. For Omnia Mechanical Group, transforming their invoicing process was a game-changer. “We’ve cut down in our receivables from about 120 days to 30 days on average,” says Jonathan Clark, Owner of Omnia Mechanical Group. With BuildOps, Omnia turned lost tickets and delayed payments into a thing of the past. Now, every job is tracked ✔️ invoices are sent faster ✔️and their business is more profitable and transparent than ever 💪 Omnia's story is proof that when you bring clarity to your operations, you’re not just saving time—you’re building a business that’s ready to thrive in the year ahead.
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Looking to elevate your crane scheduling and management? Discover the power of EQUIPR Software! Our cutting-edge software transforms how you schedule and manage cranes & crew, boosting efficiency and productivity effortlessly. Say goodbye to scheduling headaches and hello to streamlined operations. Elevate your business today with EQUIPR Software. Contact our team of crane industry experts and experience the difference! #EQUIPR #CraneManagement #MobileCranes #CrawlerCranes #ResourceManagement #SchedulingSoftware #Efficiency #SoftwareSolutions
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Learn more on how to calculate MRR in Weld's blog 👉 https://weld.link/417UjGE
Monthly Recurring Revenue, more commonly known as MRR, is the heartbeat of any subscription business. It tells you how well you’re growing and retaining recurring revenue, but even simple metrics can be miscalculated. Here are 5 common mistakes we see teams make when calculating MRR: 1️⃣ Mixing up booked MRR (forecasted) with billed MRR (actual). 2️⃣ Including one-time fees like onboarding or implementation. 3️⃣ Forgetting to apply discounts when calculating monthly contributions. 4️⃣ Overlooking the impact of subscription frequency (e.g., annual contracts). 5️⃣ Counting free trials as active subscriptions. Getting MRR right is critical for understanding your business performance and planning ahead. If you’re not confident in your numbers, it might be time to revisit your calculations. Learn more on how to calculate MRR in Weld's blog 👉 https://weld.link/417UjGE
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Introducing Automatic Costing! 🚀 No more dependency on experienced team members for cost estimation. Our new feature ensures faster quote preparation, more accurate estimations, and saves significant time, all while enhancing overall quality. Get more done with less effort! 💼✨ #AutomaticCosting #EfficientEstimation #TimeSaver #QualityImprovement #InnovativeSolutions #QuickMoveTechnologies #LogisticsSoftware #BusinessEfficiency
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Shipping Vessel’s Financial Model presents the business case of the purchase of two vessels with the intent of chartering them to generate revenues. The model generates the three financial statements as well as the cash flows and calculates the relevant metrics (Net Present Value, Internal Rate of Return, payback period, cash on cash multiple, enterprise value, etc…). The financing options for the project include a standard long term loan as well as an overdraft facility and of course equity funding from investors. Moving on to the Inputs (in yellow whatever can be amended as an assumption): detailed inputs for revenues (vessel characteristics, TCE rates for both handymax and supramax, availability days, and brokerage commissions), costs (crew, stores, repairs, maintenance, insurance and administrative), working capital (receivables, payables, and inventory), fixed assets and capex (vessel purchase, dry docks, special surveys), equity financing as well as valuation assumptions (such as discount rates used in the weighted average cost of capital tab or WACC). In the Summary tab, you are able to see a high-level report with the main metrics and value drivers of the model. It can be readily printed on one page for your convenience. Navigate the complexities of the shipping industry with this comprehensive financial model for shipping vessels. Forecast revenue, analyze investment opportunities, and optimize strategies for success in maritime logistics. 🚢📊💼 #Shipping #MaritimeLogistics #FinancialModel
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How do you think your customers will think of you and your business if you promise them something and you under-deliver? This is also one thing you need to keep in mind. You need to work on your margin of error when it comes to estimating projects and delivery time as well. #deliverytime #ExceedClientExpectations
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How to cut the “fluff” out of a CPM schedule: (Read to the end to see the bonus)
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Step 3 of the 5-step process to ensure you collect 100% of revenue on your projects is obtaining customer approval for funding. It's crucial to have their acknowledgement and approval before moving forward to protect yourself. This also gives the customer a chance to discuss alternative solutions and address any cost concerns upfront. Documentation is key, so make sure to obtain a purchase order or written approval. In urgent situations, evaluate your relationship with the customer and consider flexibility, but always track missing purchase orders and follow up. Stay tuned for the next video where we'll discuss the fourth step: invoicing. #revenueassurance #constructionrevenue #projectmanagement #revenuecollection
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