From project planning and execution to financial management and collaboration, Oracle provides innovative tools and technologies to optimize project delivery, enhance productivity, and drive profitability.
Oracle Construction and Engineering solutions empower organizations to navigate these challenges effectively while ensuring top-of-the-line project performance and client satisfaction in an industry characterized by complex projects, tight budgets, and stringent regulations.
This article discusses the transformative capabilities of Oracle Construction and Engineering, exploring its advanced features and significant impact on shaping the future of construction and engineering practices, as well as where our senior-level Oracle consultants can come in to help.
Key Components of Oracle Construction Management Software
Oracle Construction and Engineering software offers a fully integrated suite of project management solutions to help contractors, owners, and project teams collaborate effectively, mitigate risk, and streamline project planning, delivery, execution, and performance.
Here’s a closer look at the core products included in the Oracle Engineering and Construction suite:
Smart Construction Platform
By combining a common data environment and partner ecosystem with industry-trusted applications, the Oracle Smart Construction Platform enables project owners and delivery teams to collaborate and continuously innovate core business processes.
The Smart Construction Platform also enables greater control over project plans and teams by streamlining critical activities, aligning resource allocation to actual (not predicted) demand, and empowering users to make proactive, data-driven decisions.
Capital Program Management
Oracle Capital Program Management enables organizations to boost returns by managing project cost, scope, and risk in a centralized platform and leveraging intelligent capital portfolios to improve visibility and control over mission-critical project data.
With complete process configurability and long-range portfolio planning and forecasting capabilities, the Capital Program Management solution simplifies the transition from project planning to execution and standardizes how projects are governed, enabling better asset maintenance and management.
Construction Payment Management
The Construction Payment Management platform streamlines core billing and payment processing operations, enabling organizations to ensure timely payments, enforce effective compliance controls, and improve visibility into downstream payments.
Tools like Oracle Textura Payment Management also centralize compliance documents and maintain audit trails for payment documents, user actions, and electronic signatures to mitigate risk, gain an enterprise-wide view of payment and task statuses, and improve overall process control.
Construction Project Management
Oracle Construction Project Management offers intuitive scheduling, collaboration, and project control capabilities to connect teams and initiatives across the project lifecycle.
With streamlined preconstruction processes, real-time documents, and intelligent collaboration tools, organizations can build the right project team for every job and improve coordination between office and field teams.
Close collaboration across project teams and a unique data model that eliminations communication barriers also enable greater productivity, improve visibility into cost impacts from organizational change, and streamline payment management.
Construction Data and Intelligence
Oracle Construction Data and Intelligence leverages predictive AI and advanced analytics to identify critical business risks and empower real-time, data-driven decisions.
The Data and Intelligence platform enables users to build more effectively, limit project delays, and continually assess and address potential risks by enabling proactive decision-making.
Construction Intelligence Cloud
The Oracle Construction Intelligence Cloud offers a full suite of products designed to help customers unlock the power of their existing business data and make decisions that reduce the risk of critical safety, scheduling, and project management issues.
- Analytics: Analyze project data from Oracle Smart Construction Platform and other sources in a unified platform to drive better decision-making and mitigate risk.
- Advisor: Utilize predictive intelligence tools and historical project data to identify hidden risks and address potential issues proactively.
- Newmetrix: Leverage the power of AI to predict, measure, and monitor safety incidents and emphasize support for at-risk projects.
Critical Advantages of Oracle Construction Software
Oracle’s Construction and Engineering solutions enable contractors, owners, employees, and other industry leaders to improve aging infrastructure, transform communities, improve project delivery, and connect neighborhoods. Oracle has been the top choice for leading U.S. contracting firms, DOTs, and rail agencies, including Suffolk Construction and Brinkmann Constructors.
Here are the main benefits of Oracle Construction software for contractors and owners:
For Contractors
Connection and collaboration
Streamline project workflows and enable configurable project controls to easily share information across teams and maintain a complete record for each project.
Proactive decision-making
Leverage data from proprietary applications and formats to predict issues, measure past project performance, and target specific areas for improvement.
Streamlined payments
Automate billing, payment, and compliance tasks to ensure project teams are paid on time and payments are moved effectively through the supply chain.
Tailored project teams
Enable efficient preconstruction processes and publish, review, and award project bids through a collaborative platform that connects contractors and subcontractors and allows organizations to find the right partners.
For Owners
Synchronized planning and execution
Drive collaboration between planners and project managers to improve decision-making and adjust to organizational and industry changes over time.
Accurate scheduling and resource allocation
Plan, schedule, and manage project resources to maximize allocation, improve demand and capacity planning, and keep projects on track.
Effective project selection
Select the right projects for your objectives, simplify funds management, and create shareable scenarios to assess future adjustments to scheduling and cost management initiatives.
Performance tracking
Leverage predictive intelligence and a centralized data repository to track forecasts vs. actuals, address issues before they become bigger problems, and enable continuous improvement.
Partnering with the Best
From implementing new Oracle applications and navigating integrations with existing systems to processing subcontractor payments in Oracle’s construction management software and keeping users up to speed on change across the organization, Surety Systems has you covered.
Our team of senior-level Oracle consultants has the knowledge, skills, and experience to handle your critical project initiatives and prepare your internal teams for continued success over time.
Contact Us
For more information about our Oracle consulting services or to get started on a project with our team of expert consultants, contact us today.
