The collapse of Carillion in 2018 with liabilities of £7bn, highlighted the risk of poor insight into project management.
Carillion’s demise revealed the chronically low margins the £109Bn UK ($8.15Tn global) Construction industry suffers from – often as little 1%-2%. When margins are so low, it’s vital that projects are managed effectively, but due to the complexity of large projects, this has not been happening.
Green Light Change’s (GLC) Software-as-a-Service platform, Insight, gives trusted, real-time control of profitability back to Construction Company Executives, taking the risk and uncertainty out of complex project delivery.
It connects everyone involved in a company’s projects, across all its business functions. Risks, Issues, scope and all manner of KPIs are collected and appropriately shared; project data is captured and shared in real-time and can be accessed immediately by decision makers.
No longer hindered by inflexible software, leaders can apply fast, informed decision-making to improve project outcomes, increase margins and outperform the competition.
Already Insight has been quickly adopted by customers who are seeing astonishingly rapid results – one of these is Rambol A/S, a £1.2bn Global Construction company.
Insight is on track to increase margins across a portfolio of 50,000 Rambol projects. A €4.2M, 12% increase to the bottom line has already been sustainably achieved on the first 100 projects.
Rambol’s senior executive team is highly impressed, and discussions are well underway with several other major global construction and infrastructure giants, including a government department responsible for >£1.5bn of infrastructure projects annually.
GLC’s Insight can be adopted quickly and easily (4-16 weeks) because of the platforms ability to offer full integration with a company’s existing systems and Excel™ spreadsheets.
This means there is no steep learning curve for staff and no need for radical IT infrastructure changes.
Whilst GLC’s initial focus is on the construction industry, Insight can be applied to many other vertical markets where organisations deliver products or services as projects. Examples include M&A, aerospace, consulting services, and business transformation across all sectors.
With a product that is delivering and a proven team and Advisory Board in place, GLC is positioning for acquisition by a much larger software company.
Examples of acquisitions in this space include Oracle which acquired Primavera to get into the Construction project business and then Aconex in 2018 to augment its product offerings.
GLC is raising £220k at a modest pre-money valuation of £1.8m. The platform has been built and big blue-chip customers are embracing it. To learn more about GLC please click here.