Procore’s Construction Management Platform: Powering the Future of Collaborative, Real-Time Cost Management

Jul 21, 2021 1:15pm ‐ Jul 21, 2021 2:30pm

Procore’s mission is to improve the lives of everyone in construction by connecting all stakeholders on a global platform. We believe the second wave of construction’s digital transformation is here and collaborative, real-time cost management is at the forefront of it. Join us in this session to get an overview of our platform, see our cost management solution in action, and learn about our exciting new financial enhancements. Also hear from an Enterprise Procore customer on how they’ve leveraged the platform to take control of their costs and improve their margins.


Foundation Software Construction Technology Forum: WIP Reporting: A Roadmap to Work-In-Progress for Contractors

Jul 21, 2021 1:15pm ‐ Jul 21, 2021 2:30pm

WIP reports are a critical tool for staying on top of projects and keeping them healthy. With just a little collaboration, both project managers and accounting departments can see how a job is progressing, come to an understanding over issues, and monitor any red flags. Join Melissa Wood, Senior Consultant for Foundation Software, to learn some of the best practices to support your team project.

Agenda:

  • Introductions
  • Ways FOUNDATION can simplify your business operations
  • Overview of Work-in-Progress (WIP) Reporting
  • How to get Project Managers to buy-in on accurate WIP reporting
  • Benefits of building an Integrated WIP in Excel that automatically updates from FOUNDATION
  • Pitfalls to WIP reports and how to avoid them
  • Open Q&A Forum

The Path to Your CCIFP Designation

Jul 21, 2021 2:30pm ‐ Jul 21, 2021 3:45pm

What are the benefits of certification? Do you meet the eligibility requirements? What is the best way to prepare? What is required to maintain my certification? The answers to these questions and more will be answered during this session. Learn firsthand from your peers about the certification process and how achieving the industry’s only accredited certification for CFMs enhances your individual career and practice development for CPA firms.

*Session is not available for On-Demand CPE

Learning Objectives:
  • Understand exam eligibility requirements, the application process, and certification maintenance
  • Review the revised topic areas that are now included on the exam
  • Identify exam preparation resources
  • Locate the most convenient test center
  • Learn about the requirements for you to take the next step in your career

CFMA 2021 Benchmarking Results

Jul 21, 2021 2:30pm ‐ Jul 21, 2021 3:45pm

Did you know that your role as a construction financial professional should include benchmarking?

This is a vital strategy to understanding how your company compares with the industry and its peers.

This session will explain the key ratios that you should follow to ensure that your company remains profitable, as well as identify possible financial danger signs.

Any discussion about a construction company’s drive to profitability must include CFMA’s Financial Benchmarker, an online resource that provides you with the opportunity to benchmark your company against the industry.

In addition to offering nearly 200 data points, including the key ratios that are important to construction financial managers, the Financial Benchmarker includes data on 103 industry segments, including three key major contractor categories, Best in Class data and information on 22 types of contractors.

CFMA’s Financial Benchmarker can allow you to develop strategies to become “Best in Class.”

This session will also provide a sneak peek at the 2021 Financial Benchmarker results, as well as a review of the highlights of CFMA’s Management Strategies survey.

Learning Objectives:
  • Demonstrate the vital importance of benchmarking
  • Identify the key ratios of financial performance
  • Develop a plan to use CFMA’s Financial Benchmarker in your SWOT analysis
  • Summarize the 2021 Financial Benchmarker results
  • Recognize the primary points of CFMA’s Management Strategies survey

How CFMA Can Help You Build a Better Career

Jul 21, 2021 2:30pm ‐ Jul 21, 2021 3:45pm

Do you want to be seen as an industry expert? Are you looking for more industry credibility? This session will highlight ways to gain expertise, learn new skills and further your career by getting involved with CFMA. CFMA members will share how their involvement with CFMA had an impact on their careers, sharpened their skills and gave them industry exposure.

*Session is not available for On-Demand CPE

Learning Objectives:
  • Identify CFMA opportunities to develop your leadership and presentation skills
  • Discuss how committee involvement can enhance your knowledge of CFMA and empower you provide direction on association-wide initiatives
  • Transform your knowledge into a CFMA speaking opportunity and develop your presentation skills
  • Position yourself as a subject matter expert
  • Get industry credibility by authoring CFMA content

How to Ask Your Data the Right Questions

Jul 22, 2021 10:00am ‐ Jul 22, 2021 11:00am

Do you want more accurate AND visually appealing analytics? This introductory session from a CFM, for CFMs, will dive into what a database is, teach you how to understand your data structure, and show you how to improve or build better reporting systems. This is a hands-on session that includes an Excel file you will work on to write queries and perform data analysis.

Learning Objectives:
  • Understand framework and structure of modern databases used by construction companies
  • Understand data types, tables, relationships, queries, and reports
  • Understand Structured Queries and learn how to write queries that can be used in any SQL database

Building a Culture of Innovation & Continuous Improvement

Jul 22, 2021 10:00am ‐ Jul 22, 2021 11:00am

This session will also be available for On Demand CPE credit in the new year.

What can you do as a leader to foster a culture of continuous innovation? Some of the answers may surprise you. Come join us for an interactive session.

Learning Objectives:
  • Explain why innovation is crucial for the construction industry
  • Apply construction performance data as an opportunity to prosper and drive change
  • Link innovation to business goals and strategy, thus creating a program to align with organizational communication
  • Identify the two most important things managers and leaders can do to create a culture of innovation
  • Gain simple tools that you can apply to spur innovation including best practices for measuring progress

Advanced Technology for Service Contractors

Jul 22, 2021 10:00am ‐ Jul 22, 2021 11:00am

This session will also be available for On Demand CPE credit in the new year.

Service contractors face a unique set of challenges and opportunities compared to the rest of the construction industry. In this talk, we'll discuss all of the opportunities in the service industry to leverage machine learning, remote assistance, connectivity to the field, hardware and software automation for service management and how it can all help drive a more profitable service business.

In a volatile Construction industry, service can be the recurring revenue stream that gets many contractors through toughest of times. We'll explore how the use of technology can further enhance this competitive strength.

Learning Objectives:
  • Evaluate cutting edge technology that are coming to market in the future that could change how service is delivered
  • Explore software and hardware available to service contractors
  • Reviews the specific challenges that service contractors have and how technology has helped address them in the past

Cybersecurity: How to Hack a Construction Company

Jul 22, 2021 11:45am ‐ Jul 22, 2021 1:00pm

This session will also be available for On Demand CPE credit in the new year.

From business email compromise (BEC) to ransomware - cybersecurity is top of mind in every organization. The FBI estimates that U.S. businesses have suffered over $2 billion in fraud over the last 4 years in email attacks alone. We will explore current trends of the most common cyber attacks and provide real world solutions that can be applied by any organization.

Learning Objectives:
  • Recognize how attackers execute business email compromise (BEC)
  • Identify the potential risks and direct impact of ransomware on the organization's bottom line
  • Implement defenses to help protect your organization from these common attacks

Heavy Highway Economic Update

Jul 22, 2021 11:45am ‐ Jul 22, 2021 1:00pm

This session will also be available for On Demand CPE credit in the new year.

The impact of the ongoing pandemic has varied massively by industry. While some industries have been effectively shuttered, some have been deemed essential. However, even essential status has not been a guarantee of smooth operations. This session will focus on the impacts of the novel coronavirus-induced crisis on heavy/highway contractors. It will also detail what contractors can expect once this public health crisis is over.

Learning Objectives:
  • Identify the implications of ongoing stimulus on infrastructure spending in America
  • Explain the condition of state and local government finances and the likely trajectory of capital expenditures
  • Correlate the causes of materials price increases and the likelihood of additional input cost expansions going forward