ATLANTA, GEORGIA and TULSA, OKLAHOMA — A new partnership between HoganTaylor and ProNovos and will help contractors use the power of construction data to bolster liquidity, protect margins and operate more efficiently, the companies announced.
As part of the agreement, ProNovos will make its construction-specific analytical solutions available to Tulsa-based HoganTaylor’s large roster of contractor clients. HoganTaylor will invest in ProNovos, which was incubated at Atlanta Tech Village and has teamed with more than 100 contractors to refine an array of automated dashboards and reports for the construction industry.
(CPA), HoganTaylor Partner and head of the Firm’s construction practice said smart companies in just about every sector are seeking even a slight edge wherever they can find it, which is why data analytics is such a broad-based trend.
“Certainly, it is no less of a game-changer in construction, where contractors face universal challenges related to the supply-chain crisis, rising materials costs, intense competition for labor and the need to preserve all-important liquidity,” Cooper said. “At HoganTaylor, we want all our clients to build resilience and position themselves for long-term growth and success. Our partnership with ProNovos supports that strategic imperative.”
“Our analytical tools give contractors faster and easier access to their financial, company and operational data, thereby complementing the advisory services offered by HoganTaylor’s construction group,” said Bruce Orr, founder and Chief Data Scientist of ProNovos. “HoganTaylor understands how the right approach to data can empower contractors. We couldn’t be more excited about serving the construction industry through this strategic relationship.”
The ProNovos partnership allows HoganTaylor’s construction advisors to introduce clients to only those analytical tools that are right for their businesses. That could be anything from executive or WIP dashboards to automated reports in areas such as labor hours, sales, billings, change orders, projected final cost or AP/AR.
That versatility is important because every contracting firm is different, Cooper noted.
“We see tremendous potential for contractors to run their businesses more efficiently by using automated dashboards and reports,” he said. “Analytical solutions such as those created by ProNovos give office and field personnel ready access to real-time data flows from multiple systems and projects, all in one place. Historically, the industry has been slow to change, but we feel it is ripe for this next step.”
HoganTaylor LLP is one of the largest business advisory and public accounting firms in Oklahoma and Arkansas. The Firm has more than 300 employees and provides tax, assurance, risk, business advisory, accounting, technology, wealth management, and many specialty and industry-focused services. HoganTaylor is an independent member firm of PrimeGlobal, one of the five largest associations of independent accounting firms in the world.
ProNovos is a construction intelligence cloud that empowers contractors to run more efficiently by connecting teams, automating reports and clarifying company and project trends.