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A New Approach to Construction Collaboration
Most construction projects require the participation of a multitude of specialized parties.Traditional tools may provide visibility of project information between GCs and their subcontractors, but construction ﬁrms need a better way to move data back and forth between project partners, who oftentimes use different systems of record. This is where PMXchange™ comes in. PMXchange™ enables the flawless exchange of financial information and project data across disparate systems in use by GCs, subcontractors and owners.
This is achieved with a translator, which dynamically maps shared data elements, such as jobs, vendors and project teams, across different systems. In this way, two collaborating firms can use distinct systems but map their data to the same CMiC mapping engine – PMXchange, allowing data from the source system to accurately ﬂow to the target system, and vice-versa.
CMiC Financials for Procore
CMiC Financials for Procore takes collaboration to the next level – providing seamless and secure data exchange between the CMiC Financials Suite and Procore’s Project Management applications. This allows users of the two systems to map shared data objects – such as jobs, vendors, costs, subcontracts and change orders – across the two platforms, while reducing redundant data entry and increasing accuracy.
Bi-Directional Data Exchange for Enhanced Data Accuracy and Liquidity
Offering an enterprise-level integration for your existing project management solution, CMiC Financials for Procore supports key use cases. For example, cost codes in CMiC Financials can be mapped to cost codes in Procore. Similarly, writing a change order in Procore automatically reflects the change in CMiC Financials.
The Bottom Line
By using CMiC PMXchange, construction firms can ultimately change the way they share data, convert data into action, help shape the work performed, and achieve greater efficiency and productivity. Importantly, PMXchange also delivers a high-quality collaborative user experience that helps all partners realize greater usage, adoption and long-term value.
For more information about CMiC’s PMXchange, please download our Solution Brief.
READY TO SPEAK WITH SOMEONE?
If you are an existing or prospective CMiC customer and want to speak with an expert about how integrations with other software providers enhance the value of our construction platform, submit your inquiry through the button on the left. If you are a technology or services provider and would like to speak with an expert about how your solution may enhance the value of the CMiC construction platform, submit your inquiry through the button on the right.