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SmartPM Technologies Enters Into Multiyear Deal with Ryan Companies

By CIOReview | Thursday, November 5, 2020

SmartPM designed by industry experts to provides stakeholders with the tools necessary to effectively control costs and schedules expands the business by signing a multiyear agreement with Ryan Companies.

FREMONT, CA: SmartPM Technologies, a pioneer in schedule analytics software for the construction industry, announces a multiyear client agreement with one of its flagship clients, Ryan Companies, a national building, development, design, and real estate management company. SmartPM Technologies, which rolled out its SmartPM cloud-based SaaS platform in 2019, offers Ryan an enterprise-wide solution for schedule analytics.

SmartPM will be deployed across 200 projects for Minneapolis-based Ryan, along with a customized software integration that allows automatic uploads of the firm's construction schedule files directly to the SmartPM platform. Additionally, SmartPM analytics will be automatically fed into other systems that executive leadership at Ryan is leveraging to oversee performance on its projects. The Ryan team understands the significance of schedule data in the equation of performance oversight and risk management. It is at the core of the data analysis movement in the construction industry right now.

SmartPM was developed to keep pace with a key need for real-time project data in the const industry. According to research, construction projects across asset classes take 20 percent longer to finish than scheduled and are up to 80 percent over budget.

The construction industry recognizes that schedule performance and analytics are vital to ongoing success. With the partnership with SmartPM for a trial period, Ryan found something that no other company could provide. This potential presents its teams with actionable, easy-to-comprehend performance-based metrics while quantifying schedule compression and feasibility. This made SmartPM the clear choice for Ryan. Providing metrics to project teams through the Procore embedded application and pulling that data directly into the Power BI dashboards was the icing on the cake.

SmartPM Technologies launched its SmartPM SaaS product in 2019 and is the cloud-based, schedule analytics software solution developed specifically for the construction industry. It is a first-of-its-kind, full-service project analytics platform that extracts data from native schedule files and converts it into meaningful insights, ultimately minimizing the risk of cost exposure related to delays and overruns.