2012 Construction Industry IT & Financial Outlook
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2012 Construction Industry IT & Financial Outlook
Sage Construction and Real Estate Solutions
• “Sneak Peek” 2011 CFMA Financial Survey Results:Erika Urbani, VP of Finance, R.D. Olson Construction, Irvine, CA, Vice-Chairman, CFMA• Sage Construction and Real Estate Customer IT Use Survey Results:Dennis Stejskal, VP Product Management, Sage CRE• Special offer from Sage Accountants Network•Q&A
“Sneak Peek” “Sneak Preview”
2011 CFMA Financial Survey Results
Erika UrbaniVP of Finance
R.D. Olson Construction Irvine, CA Vice-Chairman - CFMA
2011 CFMA Financial Survey Respondents by Contractor Type• 35% Industrial and Non-Residential• 17% Heavy Highway• 43% Specialty Trade• 5% Other
Key 2011 Survey Results
• Average net margin before taxes 3.2% compared with 3.5% in 2010
• Return on assets 7.4% compared with 9.0% in 2010• Return on Equity 20.0% compared with 26% in 2010
Balance Sheet Highlights and Financial Ratios
• Current Ratio 1.5 to 1 in 2011 compared with 1.4 to 1 in 2010
• Quick Ratio 1.3 to 1, the same as 2010• Debt to Equity 1.7 to 1, 1.8 in 2010
Income Statement Highlights
2011 Survey
300-page 2011 Survey available at www.CFMA.org includes:• 2012 industry projections by CFMA Chief Economic
Consultant Anirban Basu• Solutions from a tough-economy—Best Practices for moving
forward• Information on Cash Management, Bonding & Surety
Insurance• Segmented data by type of work, region and revenues• Benchmarking Builder CD
CFMA 2011 Financial SurveyAvailable at www.CFMA.org
Contact Fern Oram at foram@cfma.org
Sage Construction and Real EstateCustomer IT Use Survey
Dennis StejskalSage Construction and Real Estate
VP of Product Management
Survey Responder Breakdown
How Will the Economy Impact Business in 2012?
View of Economy by Revenue
• The majority of companies (56%) plan to seek work within their geographic region in 2012.• 36% currently seek work
outside of their geographic region.
Where Will Companies Seek Work in 2012?
• 8% plan on going outside their region in 2012 for first time.
46% COMMERCIAL
What Are the Top Five Sectors That Will Demand the Most Construction Work in 2012?*
42% GOVERNMENT
36% HEALTH CARE
28% HIGHWAY
20% EDUCATION
*Responders could select more than one sector
What are the Key Actions Your Business Will Take in 2012?*
*Responders could select more than one action
57% IMPROVE
EFFICIENCIES
53% CUT
EXPENSES
26% DIVERSIFY INTO NEW MARKETS
25% AUTOMATE MANUAL
PROCESSES
What are the Key Issues Your Business Will Face in 2012?*
*Responders could select more than one issue
43%
Acquiring New Customers
43%
Cost of Materials
41%
Increased Competition
37%
Weak Demand
21%
Process Efficiency
Top Technologies You Will Use to Address Top Issues?*
*Responders could select more than one technology
35% Bidding/Estimating Software
29% Project Management Software
21% Mobile Technology
Emerging Technology Use by Revenue
Emerging Technology Use by Contractor Type
Size of IT Staff by Revenue
Technology Early Adopter or a Laggard by Company Type
Technology Early Adopter or a Laggard by Company Size
How Important is Mobile Technology?
Importance of Mobile Technology Use by Revenue
Importance of Mobile Technology Use by Contractor Type
How Will the Use of Smart Phones/PDAs, Laptops, Tablet PCs, and Netbooks Change in 2012?
Increase in SmartPhone/PDA Use by Revenue
Increase in SmartPhone/PDA Use by Contractor Type
37% Less than
$2M
33% $2M-$5M
36% $6M-$10M
32% $11M-$25M
46% $26M-$50M
38% More than
$51M
37% Commercial/
Industrial
27% Residential
32% Remodeler
33% Specialty
32% Heavy
Highway
Increase in Laptop Use by Revenue
27% Less than
$2M
18% $2M-$5M
22% $6M-$10M
11% $11M-$25M
24% $26M-$50M
28% More than
$51M
26% Commercial/
Industrial
20% Residential
39% Remodeler
10% Specialty
22% Heavy
Highway
Increase in Laptop Use by Contractor Type
Increase in Tablet PC Use by Revenue
Increase in Tablet PC Use by Contractor Type
11% Less than
$2M
11% $2M-$5M
27% $6M-$10M
21% $11M-$25M
27% $26M-$50M
54% More than
$51M
27% Commercial/
Industrial
21% Residential
26% Remodeler
21% Specialty
11% Heavy
Highway
How Familiar Are You With Cloud Computing?
11% Very Familiar
44% Somewhat Familiar
45% Not At All
What Level of Importance Will Cloud Computing Play in Your Business in 2012?
What Level of Importance Will Business Reporting Technology Play in Your Business in 2012?
Which Business Reporting Technology Benefits Will be the Most Important to Your Business in 2012?*
*Responders could select more than one benefit
81%Standardized reporting across company
36%Alerts when specific situations occur
34%Dashboard tracking across company
Benefits of Joining the Sage Accountants Networkfor Construction and Real Estate Solutions
Join the Construction and Real Estate (CRE) Sage Accountants Network and empower your clients to run their businesses more effectively and efficiently while you grow your accounting or bookkeeping practice.
Sage Timberline Office for only $499 and save $60! • Two-user version of Sage Timberline Office• Accounts Payable, Accounts Receivable, Billing General Ledger, Information Assistant,
Inquiry Designer, Job Cost, Payroll, and Report Designer• Automatic product updates• Access to customer support
Sage Master Builder for only $499 and Save $60! • Three-user version (standard) of Sage Master Builder• Automatic product updates• All payroll tax tables released during membership• Access to customer support
Offer Expires March 20, 2012
To take advantage of this great offer and learn more about the Sage Accountants Network, please call 866-565-2726 or email AccountantsNetwork@sage.com and provide the campaigncode C-3296-0001.
QuestionsConnect Sage at: 800-628-6583
www.SageCRE.com
CFMA 2011 Financial SurveyAvailable at www.CFMA.org
Questions - Contact Fern Oram at foram@cfma.org
2012 Construction Industry IT & Financial Outlook
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