Rainbow Group
About the Client
Rainbow Group
Rainbow Group, a leading Sydney-based civil construction contractor, faced significant challenges in managing project costs amidst rapid expansion. The adoption of Varicon, a tool designed specifically for the civil construction industry, revolutionised their financial tracking and management processes, leading to tangible improvements in cost management and decision-making.
INTRODUCTION
Rainbow Group has a rich 30-year history in the civil construction space, contributing to Sydney’s skyline with projects like the ongoing Atlassian Tower construction. While their growth trajectory was impressive, it brought about complexities in cost management that their traditional financial systems couldn’t handle.
CHALLENGE
With the company’s expansion came the pressing need for a more robust financial management system. The legacy methods — heavy on paperwork and Excel sheets — were becoming increasingly cumbersome and were not able to provide real-time, critical data, impacting decision-making and efficiency.
VARICON AND RAINBOW GROUP
Rainbow Group sought a solution that could cater to the unique demands of civil construction cost management. The company discovered Varicon, promising real-time data analysis and an operational focus tailored for the construction industry.
“With our business growing, we got to the point that we couldn’t keep on top of things anymore using Excel. Varicon gave us the visibility we needed across all of our projects, and has eliminated this as a barrier to our future growth.” – General Manager, Rainbow Group.
IMPLEMENTATION
The transition to Varicon required significant shifts in company culture and processes. The management team faced the challenge of integrating Varicon’s systems into daily operations and ensuring staff buy-in.
RESULTS
Post-Varicon implementation, Rainbow Group observed marked improvements. Project budgeting accuracy increased, financial projections aligned more closely with actual outcomes, and strategic planning was based on reliable data.
The impact was substantial:
– 30% reduction in time spent on financial reporting.
– 30% improvement in budget accuracy.
– 3 hours saved per week in data management.
CONCLUSION
Varicon has been instrumental in transforming Rainbow Group’s approach to financial management. With real-time insights, the company is now poised to tackle new challenges and grow with confidence.
“The insight that Varicon has provided us is unparalleled. It has not just saved time, but it has allowed us to be proactive rather than reactive.” – General Manager, Rainbow Group.
ABOUT VARICON
Varicon is a leading financial management tool designed specifically for the civil construction industry, providing real-time cost tracking and management insights to drive business growth and efficiency.
“With our business growing, we got to the point that we couldn’t keep on top of things anymore using Excel. Varicon gave us the visibility we needed across all of our projects, and has eliminated this as a barrier to our future growth.”
Robert Zagari
“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.”
Rob Boland
Peninsula Civil Solutions
“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.”
Troy Hanepen
Collective Civil
“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.”
Ji Zhang
CBEM Construction
“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.
James Atkinson
BlackCap Group
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