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Have you ever felt in the dark about the financial staus of your projects ?
CBEM Construction is a civil construction company based in NSW on the lookout for better ways to manage their costs and contracts. Previously, they relied on Excel spreadsheets to keep track of their projects and finances. This method proved challenging because it was not easy to manage and information could be hard to find, resulting in avoidable cost overruns. That’s why they now use Varicon, a connected cost management software designed specifically for the civil construction industry.
We spoke to Managing Director Ji Zhang, who said that he enjoys working with Varicon because we are built specifically for civil construction, meaning that we understand the industry better than any other competitor. Furthermore, he likes the idea of growing with Varicon, which is still in the early stage of its journey and more nimble in its approach than established players in the market.
“Varicon is a business with very passionate people. They are always working hard, chasing me, chasing my team. They consistently work on their roadmap and update the software.”
Most civil contractors have worked with Excel which, when they start, seems like a straightforward tool for tracking costs. But over time there is a lack of standardisation across the company resulting in inconsistent data which makes it difficult for the general managers to get a clear picture of each project. To add to this, each project manager tends to use their own template making it complicated to understand the company’s financials consistently. Excel’s error-prone nature can cause headaches for the project and finance team, who have to constantly check and recheck their data. This time-consuming process of cost tracking and claims along with double handling of data takes up too much of the team’s valuable time.
CBEM identified this issue and engaged Varicon to solve it. Prior to using Varicon, the CBEM project team only knew on a high level whether they made profits on the projects or not. They didn’t always know where they made money and where they lost money.
“In terms of the software, we want to really try to help our business be more efficient. [other businesses] cannot take care of us the way that Varicon can.”
“This is a specific solution for small to medium size businesses. I want Varicon to grow with my business.”
CBEM implemented Varicons’ software which provided a centralised dashboard allowing project managers and executives to view project performance in real time. Anyone on the project can make data-driven decisions quickly and efficiently. Varicon’s standardised cost-tracking method provides a consistent way for the finance team to manage their costs across the company. When real-time data is captured from the field, it is easier for the team to track progress and keep track of their costs. The connected nature of the platform, which captures data at source and avoids double handling of data, makes the cost management process more efficient for time-poor civil contractors.
“We want something to really help us build our business. I see the potential. We’ll grow and I want us to grow together.”
CBEM Constructions is a civil construction company based in NSW, Australia. The company specialises in providing a range of construction services, including roadworks, bridges, tunnels, retaining walls, and drainage systems. With over 30 years of experience in the industry, CBEM Constructions has built a strong reputation for delivering quality projects on time and within budget.
“Varicon is a business with very passionate people. They are always working hard, chasing me, chasing my team. They consistently work on their roadmap and update the software. We want something to really help us build our business. I see the potential. We’ll grow and I want us to grow together.”
“Varicon is a global software system that is specifically designed to meet the unique needs of the civil construction sector. We love the fact that Varicon has taken a bit of time, worked really really hard at producing a software that has a bit of an Apple feel when it comes to ease of use.“
“Finding the right tool is not just about solving today’s problems; it’s about paving the way for tomorrow’s growth. With Varicon’s ‘Fat Finger Friendly’ approach, we didn’t just find a solution; we found a partner for our journey.”
“The time I used to spend manually sorting through our payroll data was killing me, taking me away from other tasks that were mounting. There just wasn’t enough time in the day, but my guys need to get paid. Varicon has already paid for itself…we’re already in the bonus after just a couple of months.”
With Varicon's standardisedcost tracking method, the finance and project teams can see a consistent view of the financials.
The progress claims process is now much faster and more efficient using Varicon. The team is able to quickly track their costs and get paid for their work faster.
The real-time visibility provided by Varicon allows CBEM Construction to make informed financial and project decisions quickly. This is a game-changer for the company, giving them the ability to adjust their strategy throughout the project.
The connected nature of Varicon's platform has made a significant impact on CBEM Construction's cost management process. The platform captures data at source and avoids double handling of data, making the process more efficient and reducing the risk of errors. This has allowed the team to save time and focus on other critical aspects of their projects, leading to increased overall productivity and profitability.
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