SmartNews

 

SmartPM™ Continues to Grow and Partner with the Industry Titans of Commercial Construction.
Keep Up with SmartNews Here.

 
SmartNews

 

SmartPM™ Continues to Grow and Partner with the Industry Titans of Commercial Construction.
Keep Up with SmartNews Here.

 
SmartNews

 

SmartPM™ Continues to Grow and Partner with the Industry Titans of Commercial Construction.
Keep Up with SmartNews Here.

 

February 3, 2021

Scheduling Analytics Startup, SmartPM Technologies, Continues Rapid Growth in Construction Industry

SmartPM Triples Sales Revenue, Raises Close to $800,000 in Growth Funding, Looks to Hire More

ATLANTA (February 3, 2021) SmartPM Technologies Inc., a leading schedule analytics company for the construction industry, continued its unprecedented growth, despite the challenges the pandemic has presented in the marketplace.

The company closed another round of seed funding ($785K) in record time at the end of 2020, and saw its greatest gains in new customers in December 2020, tripling its sales revenue. Additionally, the company plans to hire a number of new employees throughout 2021.

“We are thrilled at the growth we have achieved this year and grateful to the many clients who put their trust in SmartPM, as we increased our customer base by 250%. We also couldn’t be where we are without our investors and are positioned for a continuation of rapid growth in 2021,” said Michael Pink, founder and CEO of SmartPM Technologies.

SmartPM serves businesses across the construction industry including, general contractors, owners and owner’s reps, developer/builders, government entities, and some of the world’s largest and prominent insurance and consulting firms.

 

 

December 12, 2020

The Rough Road to Innovation and Digitization in Construction Is Becoming Smoother

When it comes to adopting technology, the construction industry is known for being late to the party. It’s a reality that’s often chalked up to the people in construction collectively being “technology averse” or “old school.” While such characterizations may be partially true, the overall picture is significantly more complex. 

By Michael Pink, CEO SmartPM Technologies

The construction industry has indeed adopted technology over the years, dating back to when computers came on the scene. Technology for accounting, ERP, estimating, scheduling and project management has been utilized for some time now—perhaps not as much as in other industries, but there are reasons for the phenomenon. When measured as a percentage of revenue, statistics show construction industry technology spend is the lowest of any sector, at approximately 1.5%. However, that number is potentially misleading, because the cost of goods sold is heavily weighted by construction materials that can represent more than 65% of all construction costs. 

Regardless of how the low level of technology spend is interpreted, a digitization and innovation revolution is happening in the construction industry right now. So why did it take so long? There are several reasons.

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December 3, 2020

Pandemic Success: How To Minimize Financial Losses, Construction Overruns and Project Delays

These strategies will prepare your construction company to manage the risk and track and communicate the impact to control costs and schedules, and help avoid disputes arising from COVID-19’s construction impacts

By Michael Pink, CEO SmartPM Technologies

Never in our lifetime has the global economy simply halted. Yet, during the pandemic, it did — delaying a significant number of construction projects and leading many stakeholders to seek financial relief. A recent survey by the Associated General Contractors of America found that 75% of contractors had projects canceled or postponed due to COVID-19.

Despite the challenges, construction stakeholders can minimize risk and financial losses during the crisis. Here are the components of an effective action plan.

Read Full Article here

 

 

October 28, 2020

SmartPM Technologies to Provide Enterprise Software Analytics Solution to Ryan Companies in Multiyear Deal

The SmartPM platform translates construction schedule data into objective, reliable performance intelligence to proactively address critical project risks

ATLANTA, Oct. 28, 2020 — SmartPM Technologies, a leader in schedule analytics software for the construction industry, is pleased to announce a multiyear, expanded client agreement with one of its flagship clients, Ryan Companies (Ryan), a national building, development, design and real estate management firm. SmartPM Technologies, which launched its SmartPM cloud-based SaaS platform in 2019, provides Ryan with an enterprisewide solution for schedule analytics.

SmartPM will be implemented across 200 projects for Minneapolis-based Ryan, along with a customized software integration that enables automatic uploads of the firm‘s construction schedule files directly to the SmartPM platform. In addition, SmartPM analytics will be automatically fed into other systems that executive leadership at Ryan is using to oversee performance on its projects.

“The Ryan team understands the importance of schedule data in the overall equation of performance oversight and risk management, and is at the forefront of the data analysis movement that’s happening in the construction industry right now,” said Michael Pink, founder and CEO of SmartPM Technologies. “We are honored to work with the firm and look forward to our expanded relationship.”

Read Full Release here

 

 

October 26, 2020

Michael Pink, SmartPM Technologies (“Alpharetta Tech Talk”, Episode 20)

SmartPM Technologies Founder and CEO Michael Pink joins host John Ray to discuss how his company’s technology is changing the construction industry, in part by identifying and predicting a big pain point:  construction cost overruns. Michael also addresses how AI and machine learning will aid both contractors and owners, and how the pandemic affects the construction industry. “Alpharetta Tech Talk” is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Listen Here

 

 

October 07, 2020

SmartPM Declares Public API to Connect Schedule Analytics Platform with Business Intelligence and Dashboard Applications

SmartPM Technologies declares the launch of its open application programming interface (API)

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September 11, 2020

Executive Profile: Michael Pink helps the construction industry get their jobs done

Even when the city of Atlanta and the country shut down due to the coronavirus pandemic, construction, considered essential, continued. Michael Pink’s SmartPM app helps projects stay on schedule with its automated analytics platform for developers, project owners and contractors. With more than 17 years in the construction industry, Pink said he sees the industrial sector growing here as companies eschew other countries to produce their goods and services within the U.S.

What led you to your career?   After I graduated from Georgia Tech in 2001 as an industrial engineer, I looked for a consulting job in New York City. I took a position with KPMG in its construction consulting and dispute resolution practice. It wasn’t necessarily what I was looking for as a career, but I liked the company and saw it as a foot-in-the-door opportunity. Once I got there, however, I realized the construction industry had plenty of room for operational and procedural improvements. It was common for construction consultants to come from within the industry itself,  and industrial engineer consultants didn’t yet exist in the construction business. Essentially, it was a greenfield opportunity and a perfect fit for me. That experience is ultimately what led me to develop a data analytics technology for the construction industry, which I believe will add a level of systematic analytics that is necessary to improve most problems related to overruns, delays and disputes.

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