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Price competition, the threat that keeps growing for AE firms

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Recent research in the Trends and Challenges in Architecture and Engineering found that 78% of business leaders believe that price competition will be the greatest threat for the future in Australian and New Zealand. This is 12% higher than the overall total of countries included in the international report. In fact, the overall result was 14% higher compared to 2013, demonstrating that price competition is not only deemed a threat that is not going away, but it is also getting bigger. What are your thoughts?

threats price comp

The best way to be able to offer a competitive price it to be as efficient as possible. Installing an enterprise resource planning (ERP) system could help you streamline and integrate both internal and external information flows used by your organisation within a single, comprehensive solution.

“Firms across Australian and New Zealand are wasting on average 30% of billable hours.”

A capable ERP system automates business processes such as invoicing and sales and purchase orders within one system. This not only improves forecasting accuracy and reduces inefficiencies, but these tighter controls can highlight where those missing billable hours. Improve your processes and this should result in you being able to overcome the threat of price competition.

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Author: smartsoftware

Smartsoftware is an international provider of software solutions for the architectural, engineering, construction and professional services industries. Providing everything from project management, financial management, document control and resource planning to time collection and business development, our integrative products offer a total business solution – designed to streamline workforce processes, improve business performance, and maximise resource potential and increase productivity. www.smartsoftware.net Follow us on Twitter @smartsoftware_1

2 thoughts on “Price competition, the threat that keeps growing for AE firms

  1. Pingback: Winning new business is a top priority – what would you like to have a better view of? | Smartsoftware Blog

  2. Pingback: Want to win more business…improve visibility | Smartsoftware Blog

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