Spitfire Project Management System |
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Construction Project Management Software and Accounting Tools |
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Construction Program Management Company Sees Favorable ROI with SpitfireARMONK, New York—(September 21, 2011) The Rise Group—a program management, technical services and strategy consulting company headquartered in Chicago and Anchorage—is seeing economic benefit and a significant return on investment from its recently implemented Spitfire Project Management System. Spitfire Project Management System was specifically designed for the construction industry to encompass project collaboration, document control, file management, project accounting and integrated financial accounting. The Rise Group brought the Spitfire solution in as its business management system in 2010 because the Spitfire system would allow the company to process invoices up to the owners for payment and receive pay requests from all third-party project participants (contractors, subcontractors, engineers, architects, etc.) more efficiently than before. As Dan Macchia, a Senior Financial Analyst at The Rise Group, explains, "Use of the Spitfire Project Management System allows The Rise Group to collect and approve timesheets and expense reports from our subconsultants in a far more timely manner. This produces great efficiencies in our ability to bill clients. In the case of our largest client, there are up to 45 subconsultants, billing 80+ projects in a public sector capital improvement program. Prior to Spitfire, the time required to prepare a monthly A/R invoice for this client was 30 days, which meant payment would be received approximately 60 days from the time the work was done. Thanks to Spitfire, we are now submitting these same montly invoices in 15 days, and reducing the time to receive payment by 25%. We are pleased with the way the Spitfire Project Management System has allowed us to collect our largest receivable more quickly." About The Rise Group The Rise Group is consistently ranked as one of the nation's Top 40 Program Managers. The mission of The Rise Group is to help clients deliver exceptional capital improvement projects and major infrastructure programs. For more information, visit www.risegroup.com. About Spitfire Management Spitfire Management LLC, the privately held developer of Spitfire Project Management System, specializes in construction and capital construction project management and document control software. From the start, Spitfire Project Management System has been a browser-based system for the benefit of its world-wide client base. More recently, the company has added Spitfire support for Android 2.2 mobile devices. For more information, visit www.spitfiremanagement.com. |
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